Gulfport Energy Corporation operates as an independent oil and natural gas exploration and production company. The company focuses on the exploration, exploitation, acquisition and production of natural gas, natural gas liquids and crude oil in the United States. The company’s principal properties are located in the Utica Shale primarily in Eastern Ohio and along the Louisiana Gulf Coast in the West Cote Blanche Bay (WCBB), and Hackberry fields. In addition, the company has an interest in producing properties in the Niobrara Formation of Northwestern Colorado and the Bakken Formation. The company also holds a significant acreage position in the Alberta oil sands in Canada through an interest in Grizzly Oil Sands ULC (Grizzly), and interests in entities that operate in the Phu Horm gas field in Thailand. As of February 10, 2016, the company held leasehold interests in approximately 244,000 gross (237,000 net) acres in the Utica Shale primarily in Eastern Ohio, including approximately 24,000 net acres acquired in its purchase of Paloma Partners III, LLC, or Paloma, and approximately 35,000 net acres acquired from known as Ascent Resources Utica, LLC, or AEU, in each case during the second quarter of 2015. As of December 31, 2015, the company had 1.7 Tcfe of proved reserves with a value of estimated future net revenues, Utica Shale (primarily in Eastern Ohio) As of December 31, 2015, the company held leasehold interests in approximately 240,000 gross (234,000 net) acres in the Utica Shale. The Utica Shale is located in the Appalachian Basin of the United States and Canada. As of February 10, 2016, the company had three operated horizontal rigs drilling in the play. WCBB Field The WCBB field is located approximately 5 miles off the coast of Louisiana in a shallow bay with water depths averaging 8 to 10 feet. The company owns a 100% working interest (80.108% net revenue interest (NRI)), and is the operator, in depths above the base of the 13900 Sand which is located at 11,320 feet. In addition, the company owns a 40.40% non-operated working interest (29.95% NRI) in depths below the base of the 13900 Sand, which is operated by Chevron Corporation. The company’s leasehold interests at WCBB contain 5,668 gross acres. In 2015, at the company’s WCBB field, the company recompleted 35 gross and net wells and spud no new wells. East Hackberry Field The East Hackberry field in Louisiana is located along the western shore and the land surrounding Lake Calcasieu, 15 miles inland from the Gulf of Mexico. The company owns a 100% working interest in certain producing oil and natural gas properties situated in the East Hackberry field. As of December 31, 2015, the company held beneficial interests in approximately 4,116 acres, including the Erwin Heirs Block, which is located on land, and the adjacent State Lease 50 Block, which is located primarily in the shallow waters of Lake Calcasieu. In 2015, at its East Hackberry field, the company recompleted 37 gross and net wells. West Hackberry Field The West Hackberry field is located on land and is 5 miles west of Lake Calcasieu in Cameron Parish, Louisiana, approximately 85 miles west of Lafayette and 15 miles inland from the Gulf of Mexico. The company owns a 100% working interest in 1,192 acres within the West Hackberry field. Niobrara Formation (Northwestern Colorado) As of December 31, 2015, the company held leases for approximately 5,000 net acres. The Niobrara Formation is a shale oil rock formation located in Colorado, Northwest Kansas, Southwest Nebraska, and Southeast Wyoming. Bakken Formation The Bakken Formation is located in the Williston Basin areas of Western North Dakota and Eastern Montana. As of December 31, 2015, the company held approximately 864 net acres, interests in 18 wells and an overriding royalty interests in certain existing and future wells. Additional Properties Louisiana: In addition to its interests in the WCBB, East Hackberry and West Hackberry fields, the company owns working interests and overriding royalty interest in various fields in Louisiana, Texas and Oklahoma. Equity Investments Grizzly Oil Sands
gulfport energy corp (G2U:Stuttgart)
14313 North May Avenue
Oklahoma City, OK 73134
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