Gulfport Energy | Marcellus Drilling News

Rhino Resource Ups Investment in Utica Shale JV

August 9, 2012August 9, 2012

Rhino Resource Partners produces metallurgical and steam coal in a variety of basins throughout the United States. It also owns oil and gas acreage in the Utica and Cana Woodford plays. Rhino previously invested in an 80,000 Utica Shale acre joint venture with Gulfport Energy and Wexford Capital. Rhino’s investment gives them a 10.8% interest. Since that initial investment, Gulfport and Wexford have continued to buy up Utica Shale acreage and now have leases for 125,000 acres (including the original 80,000). The partners have extended an offer to Rhino to get a piece of the bigger action, which Rhino is doing.

From Rhino’s press release announcing a new deal with Wexford:

Energy Companies | Gulfport Energy | Utica Shale

Gulfport Energy 2Q12 Update: First Utica Well Comes Online

August 8, 2012August 8, 2012

Gulfport Energy Corporation has released their second quarter earnings and operations update. Gulfport is a Utica Shale driller (among other basins across the U.S. and Canada). In the news for Gulfport for 2Q12: They drilled four new Utica Shale wells, three of which were completed and waiting to go online. Their first horizontal well in the Utica, drilled in February of this year, came online and at its peak was producing 17.1 million cubic feet of gas per day (Mmcf/d), along with 432 barrels of condensate per day and 1,881 barrels of natural gas liquids per day.

The relevant sections of the update dealing with Utica Shale operations:

Gulfport Drills Longest Horizontal Utica Wells to Date

June 22, 2012June 22, 2012

Gulfport Energy reports it has just completed drilling the two longest horizontal Utica Shale wells—ever. The horizontal portion for one of the wells, located in Harrison County, Ohio, went over 1.5 miles.

Here’s the particulars:

Energy Companies | Gulfport Energy | Ohio | Statewide OH | Utica Shale

Gulfport Energy Gets Active in Ohio’s Utica Shale

June 5, 2012June 5, 2012

Gulfport Energy Corporation is an Oklahoma City-based independent oil and natural gas exploration and production company. Most of Gulfport’s oil and natural gas drilling operations are located along the Louisiana Gulf Coast and in the Permian Basin in West Texas. However, Gulfport has acquired acreage and is starting to make moves the Utica Shale of eastern Ohio. They are currently in the process of drilling and completing their first five Utica Shale wells.

Yesterday Gulfport provided an operational update. Here are the relevant sections with respect to their Utica Shale operations:

MarkWest/EMG Finalize Deal with Gulfport Energy in OH Utica

June 4, 2012June 4, 2012

MarkWest’s joint venture with EMG, called MarkWest Utica, has finalized their deal with Gulfport Energy to provide midstream infrastructure services (pipelines and gas processing) in Harrison, Guernsey and Belmont counties in Ohio. The deal was initially announced in early March (see this MDN story). No word on the price tag for the deal.