Gulfport Energy Corporation - Market Research Report

Company Overview

Name:

Gulfport Energy Corporation

Mission of the Company:

Gulfport is committed to:

• Operational Excellence

• Ensuring Safety

• Environmental Stewardship

• A Community Focus

• Continuous Improvement

Founding Information:

• Founded By: No information is available

• Year Founded: No information is available

Key People:

• John Reinhart: President, CEO, and Director (joined in January 2023)

• Michael Hodges: Chief Financial Officer (joined in April 2023)

• Patrick K. Craine: Chief Legal and Administrative Officer (joined in June 2021)

• Matthew Rucker: Senior Vice President, Operations (joined in March 2023)

• Michael Sluiter: Senior Vice President, Reservoir Engineering (joined in December 2018)

• Lester Zitkus: Senior Vice President, Land (served since January 2017)

Headquarters:

• Location: 713 Market Drive, Oklahoma City, OK 73114, United States

Number of Employees:

• No information is available

Revenue:

• No information is available

Known For:

Gulfport Energy Corporation is renowned for focusing on the exploration, acquisition, and production of natural gas, crude oil, and NGL in the United States, particularly in the Appalachia and Anadarko basins.

Products

Primary Offerings:

Gulfport's principal activities include natural gas-weighted exploration and production with assets in:

1. Appalachia Basin:

• Targeting the Utica and Marcellus formations in Eastern Ohio.

2. Anadarko Basin:

• Focusing on the SCOOP Woodford and SCOOP Springer formations in central Oklahoma.

High-Level Description:

Gulfport deploys leading drilling, completion techniques, and technologies across its operations to ensure efficiency and safety in resource extraction and production.

Key Features of Products:

• Exploration and production of natural gas and oil.

• Employs advanced drilling and completion techniques.

• Focused on environmentally responsible operation methods.

Recent Developments

New Products Launched:

• No new products were specifically mentioned.

New Features Added to Existing Products:

• Notable advancements in sustainability performance, including a reduction in Scope 1 methane intensity by approximately 36% from 2021 to 2023.

Recent Partnerships:

Corporate Sustainability Initiatives:

• Partnered with organizations focusing on education, health and human services, environmental stewardship, and military and veterans support.

Key Announcements:

1. February 11, 2025:

• Scheduled a conference call for fourth quarter and full-year 2024 earnings and 2025 outlook, planned for February 26, 2025.

2. November 5, 2024:

• Published the 2023 – 2024 Corporate Sustainability Report showcasing improvements in environmental, social, and governance performance.

• Enhanced Board diversity and governance structure with a 60% diversity rate among independent directors.

Additional Notable Developments:

• Received an "A" rating from MiQ for Appalachia assets for the second consecutive year.

• Engaged in a multi-year program to transition to non-gas venting devices to minimize methane emissions.

This report underscores Gulfport Energy Corporation's ongoing commitment to efficient, environmentally responsible oil and gas production, continuous improvements in sustainability practices, and a strategic focus on generating sustainable cash flow.