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Last €43.23 EUR
Change Today -0.61 / -1.40%
Volume 0.0
G2U On Other Exchanges
As of 3:41 PM 04/30/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

14313 North May Avenue

Suite 100

Oklahoma City, OK 73134

United States

Phone: 405-848-8807


Gulfport Energy Corporation, an independent oil and natural gas exploration and production company, is engaged in the exploration, exploitation, acquisition, and production of crude oil, natural gas liquids, and natural gas in the United States. Properties The company’s principal properties are located in the Utica Shale in eastern Ohio and along the Louisiana Gulf Coast in the West Cote Blanche Bay (WCBB), and Hackberry fields. In addition, the company has 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 its interest in Grizzly Oil Sands ULC (Grizzly), an equity interest in Diamondback Energy, Inc. (Diamondback). Properties Utica Shale: As of December 31, 2013, the company had leasehold interests in approximately 152,000 gross (143,000 net) acres in the Utica Shale in eastern Ohio. The Utica Shale is located in the Appalachian Basin of the United States and Canada. West Cote Blanche Bay 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, or 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 include 5,668 gross acres. 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, 2013, the company held beneficial interests in approximately 4,512 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. The company licensed approximately 54 square miles of 3-D seismic data covering a portion of the area and has received a processed version of the seismic data. 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 As of December 31, 2013, the company held leases for approximately 7,481 net acres. The Niobrara Formation is a shale oil rock formation located in Colorado, northwest Kansas, southwest Nebraska, and southeast Wyoming. Oil and natural gas can be found at depths of 3,000 to 14,000 feet and is drilled both vertically and horizontally. Bakken Formation The Bakken Formation is located in the Williston Basin areas of western north Dakota and eastern Montana. As of December 31, 2013, the company held approximately 864 net acres, interests in 13 wells and an overriding royalty interests in certain existing and future wells. Additional Properties Louisiana: The company also owns working interests and overriding royalty interest in various fields in Louisiana, Texas and Oklahoma. Equity Investments Permian Basin: As of December 31, 2013, the company owned approximately 7.2% of Diamondback Energy, Inc.’s outstanding common stock. Grizzly Oil Sands: The company, through its wholly-owned subsidiary, Grizzly Holdings Inc., owns a 24.9% interest in Grizzly Oil Sands ULC. As of December 31, 2013, Grizzly Oil Sands ULC had approximately 830,000 net acres under lease in the Athabasca and Peace River oil sands regions of Alberta, Canada and had three oil sands projects in various stages of development and had drilled an aggregate of 255 core holes and 6 water supply test wells on 10 separate lease blocks and conducted various seismic programs. Thailand: The company owns a 23.5% ownership interest in Tatex Thailand II, LLC (Tatex II). Tatex II, a privately held entity, holds 85,122 of the 1,000,000 outstanding shares of APICO, an international oil and gas exploration company. APICO has a reserve base located in southeast Asia through its ownership of concessions covering approximately 243,000 acres which includes the Phu Horm Field. The company owns a 17.9% ownership interest in Tatex Thailand III, LLC, or Tatex III. Tatex III owns a concession covering approximately 245,000 acres in southeast Asia. Other Investments: In 2013, the company participated in the formation of Stingray Energy Services LLC with an initial ownership interest of 50%. Stingray Energy Services LLC provides rental tools for land-based oil and natural gas drilling, completion and workover activities as well as the transfer of fresh water to wellsites. Strategy The company’s corporate strategy is to internally identify prospects, acquire lands encompassing those prospects and evaluate those prospects using subsurface geology and geophysical data and exploratory drilling. Customers The company’s major customers include Shell Trading Company; Markwest Utica; Sequent Energy Management, L.P.; Hess; and Interstate Gas Supply, Inc. Reserves As of December 31, 2013, the company had 38.4 million barrels of oil equivalent of proved reserves. Regulations Occupational Safety and Health Act: The company is subject to the requirements of Occupational Safety and Health Act and comparable state laws that regulate the protection of the health and safety of employees.


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