Gulfport Energy Company News

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Is Chevron's $11B Write-Down an Oilpatch Warning?
Tuesday, January 14, 2020Current market conditions are resulting in many US fracking projects failing to break even.

Gulfport Energy Cuts Jobs, Suspends Share Buybacks
Monday, November 18, 2019U.S. shale and gas producer Gulfport Energy Corporation has cut staff and suspended its share repurchase program in efforts to cut costs.

Promised Land for Gas Drillers Turns Into Glutted Beach
Tuesday, February 06, 2018Natural gas producers who last week were basking in the strongest price environment in almost a quarter century are getting crushed.

Gulfport Names Noble Energy Executive As Operations Chief
Wednesday, January 03, 2018Gulfport Energy Corp has recruited Noble Energy Inc's head of Texas operations.

$2 Billion Gulfport Buy Shows Drillers Thirsting for Next Play
Thursday, December 15, 2016America's shale gas drillers are back to looking for the next big play.

One Slice of Global Gas Market Just Got Bigger for U.S. Drillers
Thursday, November 17, 2016Shale drillers in the U.S. are about to tighten their grip on the global natural gas market.

With American Energy Buy, Gulfport Grows Utica Footprint
Wednesday, June 10, 2015Gulfport Energy expands its dry gas Utica acreage by almost 30% in first half of 2015.

Gulfport Acquires Additional Acreage in Utica
Tuesday, June 09, 2015Gulfport Energy Corp. enters into agreements to acquire additional acreage in the Utica Shale.

Gulfport Energy Buys More Utica Shale Acres from Windsor Ohio
Monday, February 11, 2013Gulfport Energy agrees to acquire another 22,000 net acres in the Utica Shale in Eastern Ohio for about $220 million as it continues to boost its presence in the shale basin.

Gulfport Energy to Buy More Utica Shale Assets, Unveils Share Offering
Monday, December 17, 2012Gulfport Energy Corp. plans to acquire around $300 million in additional oil and gas assets in the Utica Shale, and is planning a stock offering to fund the purchase.

Gulfport Posts Utica Results
Wednesday, October 31, 2012Gulfport Energy Corporation announces production results on its Ryser 1-25H and Groh 1-12H wells in the Utica Shale.

Gulfport's Utica Well Tests Peak Rates
Tuesday, October 09, 2012Gulfport's Shugert 1-1H well in the Utica Shale tested at a peak rate of 20.0 MMcf/d of natural gas and 144 barrels of condensate per day.

Gulfport Adds Acreage in Utica Play
Monday, July 11, 2011Gulfport continues to actively expand its acreage position in the Utica Shale of Eastern Ohio.

Gulfport Wraps Up Drilling at Hackberry Wells
Wednesday, October 06, 2010Gulfport provided an update on its operational activities at Hackberry where it recently finished drilling its fourth and fifth wells of 2010 at the field.

Gulfport Energy to Acquire Co., Tx. Oil Plays
Thursday, May 13, 2010Gulfport announced pending acquisitions in the Niobrara Shale of northwestern Colorado and the Permian Basin of West Texas.

Grizzly Submits Regulatory Application for Oil Sands Project
Thursday, March 04, 2010Grizzly Oil Sands submitted an application to for the development of an 11,300 barrel per day oil sands project at Algar Lake in Alberta.

Gulfport Energy Reports Second Quarter 2009 Results
Thursday, August 06, 2009Gulfport Energy has reported financial and operating results for the second quarter of 2009.

Gulfport Energy Tags Producing Bakken Shale Assets for Sale
Friday, May 22, 2009Gulfport Energy has sold certain of its oil and gas properties and related assets located in the Bakken Shale of North Dakota for $13.0 million, with an effective date of April 1, 2009.

Gulfport Posts Third Quarter Results
Thursday, November 06, 2008Gulfport has reported financial and operating results for the third quarter of 2008. For the third quarter of 2008, Gulfport reported net income of $14.1 million on revenues of $36.9 million.

Gulfport Energy's Louisiana Production Ramps Up to 5,784 BOEPD
Friday, October 17, 2008Gulfport Energy's production from October 11 to October 16, 2008 averaged approximately 5,784 BOEPD as compared to average production of 5,669 BOEPD from August 1 to August 29, 2008 prior to curtailing production for Hurricane Gustav.

Gulfport Energy Partially Restores GOM Production
Thursday, September 25, 2008Gulfport Energy reported that partial production has been restored at both its West Cote Blanche Bay and Hackberry fields following Hurricane Ike.

Gulfport Says Louisiana Operations OK After Ike
Monday, September 15, 2008Gulfport's facilities at West Cote Blanche Bay appear to have weathered the storm sustaining no apparent major structural damage. At Hackberry, an initial flyover has revealed that the facilities are intact with no major structural damage apparent.

Gulfport Energy's Production Facilities OK After Gustav
Thursday, September 04, 2008Gulfport Energy reported that after inspection of its West Cote Blanche Bay facilities by Company operations personnel, the facilities appear to be intact with no structural or other major damage from Hurricane Gustav.

Gulfport's Hackberry Fields Remain Unharmed by Hurricane
Wednesday, September 03, 2008Gulfport Energy reported that a preliminary assessment today of its Hackberry fields located in Cameron Parish, Louisiana indicates that the facilities sustained no apparent damage as a result of Hurricane Gustav.

Gulfport All Smiles over 56% Net Increase
Thursday, August 07, 2008Gulfport reported net income of $14.9 million on revenues of $35.9 million, or $0.35 per diluted share, exceeding consensus estimates of $0.27 per share. Net income increased 56% compared to the second quarter of 2007.

Gulfport Energy Prices Secondary Stock Offering
Friday, December 07, 2007Gulfport Energy has priced a public offering of 4,500,000 shares of its common stock at $17.50 per share to the public.

Gulfport Energy Acquires Permian Basin Assets
Monday, December 03, 2007Gulfport takes a 50% working intest in West Texas, Permian Basin for $85 million.

Gulfport Says Third Party Assessment of Grizzly Oil Sands Confirms OOIP
Wednesday, September 26, 2007Grizzly has received a letter from DeGolyer and MacNaughton Canada Limited ("D&M") detailing its review of the Original Oil In Place on Grizzly's land holdings.

Gulfport Public Offering of 1 Million Shares of Common Stock
Friday, July 20, 2007Gulfport priced a public offering of 1 million shares of its common stock at $22 per share to the public.

Gulfport Energy Completes Pipeline Infrastructure At Hackberry Field
Monday, June 25, 2007Gulfport Energy Corp. stated that the crude oil and natural gas pipeline infrastructure at the company's Hackberry field is operational.

Gulfport Prices Public Offering of Common Stock
Thursday, May 17, 2007Gulfport Energy Corp. has priced a public offering of 1,500,000 shares of its common stock at $16.00 per share to the public.

Gulfport Reports 158% Jump in Q1 Profit
Monday, May 14, 2007Gulfport Energy Corp. on Monday reported financial and operating results for the first quarter of 2007.

Gulfport Reports 155% Jump in Earnings
Wednesday, March 28, 2007Gulfport Energy Corp. on Wednesday reported its financial and operating results for the fourth quarter and full-year 2006.

Gulfport Energy Prices Public Common Stock Offering
Wednesday, January 31, 2007Gulfport Energy Corporation on Wednesday said that it has priced a public offering of 1,150,000 shares of its common stock at $11.92 per share to the public.

Gulfport Energy Hits Pay at East Hackberry
Monday, January 29, 2007Gulfport Energy Corporation on Monday announced a new field discovery at East Hackberry in southern Louisiana.

Gulfport Energy Files Shelf Registration Statement
Wednesday, December 20, 2006Gulfport Energy Corporation said that it filed a shelf registration statement with the Securities and Exchange Commission (SEC).

Gulfport Energy: West Cote Blanche Bay Production Restored
Wednesday, December 06, 2006Gulfport Energy says that the natural gas sales line serving its West Cote Blanche Bay field is now fully operational. The pipeline was damaged on October 12, 2006, and repairs were completed on schedule.

Gulfport Energy Restores a Portion of West Cote Blanche Bay Production
Friday, November 03, 2006Gulfport Energy says that a portion of the company's production has been restored at the West Cote Blanche Bay field in southern Louisiana.

Three Blast Victims Identified; Search Now a 'Recovery Effort'
Monday, October 16, 2006Three of the four victims of Thursday's pipeline accident in West Cote Blanche Bay, Louisiana have been identified.

Gulfport Energy Says Fire Closes West Cote Blanche Bay Field
Friday, October 13, 2006On October 12th, a fire was reported north of Gulfport Energy Corp.'s production facilities in the West Cote Blanche Bay field in southern Louisiana involving two contracted vessels that were performing work on our behalf in the field.

Coast Guard Searches for Missing Workers from W. Cote Blanche Bay Fire
Friday, October 13, 2006On October 12 the U.S. Coast Guard crews and local agency partners continued to search into the evening for three missing crewmembers in the water after the tug and barge they were on reportedly struck a natural gas pipeline in West Cote Blanche Bay.

Barge Crew Still Missing
Friday, October 13, 2006Two crew members were rescued earlier in the day, but crews from various agencies worked late into the evening Thursday in an attempt to locate those still missing. As of 6pm, rescue crews were able to get onto the barge but still unable to go below.

Gulfport Energy Added to NASDAQ Global Select Market
Friday, July 14, 2006Gulfport Energy Corp. said that it has been included in the new NASDAQ Global Select Market.

Gulfport Energy Brings Some Louisiana Production Back On Line
Monday, February 20, 2006Gulfport Energy says that earlier this month the company began bringing some of its WCBB production back on line.

Gulfport Energy Says Restoration Efforts Moving Slower Than Expected
Tuesday, January 17, 2006Gulfport Energy says repair efforts are underway at its Hackberry fields, however, operations to bring both fields back to production has taken longer than expected.

Gulfport Energy Appoints Chief Executive Officer
Tuesday, December 06, 2005Gulfport Energy reports that James D. Palm joined Gulfport, effective December 1, 2005, as Chief Executive Officer.

Gulfport Energy Assesses Effect of Hurricane Rita
Tuesday, September 27, 2005Gulfport Energy, in preparation for Hurricane Rita, shut down operations in both its Hackberry field located in Cameron Parish, Louisiana and its West Cote Blanche field (WCBB) located in St. Mary Parish, Louisiana.

Gulfport Energy Expands Drilling Program
Monday, September 19, 2005Gulfport commenced a new drilling program with initial plans for 20 new wells in its West Cote Blanche Bay Field. Due to the success of the wells drilled to date, the Company has expanded this drilling program to approximately 47 total wells and 18 recompletions.