Gulfport Energy Corporation Provides Fourth Quarter 2017 Operational Update
俄克拉荷马城，简. 29, 2018 (GLOBE NEWSWIRE) -- Gulfport Energy Corporation (NASDAQ:GPOR) (“Gulfport” or the “Company”) today provided an update for the quarter and year ended 12月31日 2017. Key information includes the following:
- Net production for the fourth quarter of 2017 averaged 1,263.每天3毫微克, a 5% increase over the third quarter of 2017 and 61% increase versus the fourth quarter of 2016.
- Realized natural gas price for the fourth quarter of 2017, before the impact of derivatives and including transportation costs, 平均2美元.每百万英尺32美元，0美元.61 per Mcf differential to the average trade month NYMEX settled price.
- Realized oil price for the fourth quarter of 2017, before the impact of derivatives and including transportation costs, 平均53美元.每桶71美元，1美元.68 per barrel differential to the average WTI oil price.
- Realized natural gas liquids price for the fourth quarter of 2017, before the impact of derivatives and including transportation costs, 平均$ 0.76 per gallon, equivalent to $31.92 per barrel, or approximately 58% of the average WTI oil price.
- Capital expenditures for fourth quarter of 2017 totaled approximately $262 million.
- Gulfport turned-to-sales 15 gross (11.8 net) operated wells in the 尤蒂卡页岩 and 5 gross (4.4 net) operated wells in the 独家新闻 during the fourth quarter of 2017.
Fourth Quarter 2017 Production and Realized Prices
Gulfport’s net daily production for the fourth quarter of 2017 averaged approximately 1,263.每天3毫微克. For the fourth quarter of 2017, Gulfport’s net daily production mix was comprised of approximately 89% natural gas, 7% natural gas liquids and 4% oil.
Gulfport’s realized prices for the fourth quarter of 2017 were $3.26 per Mcf of natural gas, $32.04 per barrel of oil and $0.63 per gallon of NGL, resulting in a total equivalent price of $3.42 / Mcfe. Gulfport's realized prices for the fourth quarter of 2017 include an aggregate non-cash derivative gain of $59.100万年. Before the impact of derivatives, realized prices for the fourth quarter of 2017, including transportation costs, 体育平台是2美元.32 per Mcf of natural gas, $53.71 per barrel of oil and $0.76 per gallon of NGL, for a total equivalent price of $2.80 / Mcfe.
| GULFPORT ENERGY CORPORATION | ||||||||||||
| 生产计划 | ||||||||||||
| (未经审计的) | ||||||||||||
| 三个月结束 | 12个月结束 | |||||||||||
| 12月31日 | 12月31日 | |||||||||||
| 产量: | 2017 | 2016 | 2017 | 2016 | ||||||||
| 天然气（mcf） | 103,049 | 63,362 | 350,061 | 227,594 | ||||||||
| 油(MBbls) | 730 | 451 | 2,579 | 2,126 | ||||||||
| 天然气凝析液(毫伽) | 61,555 | 44,345 | 224,038 | 161,562 | ||||||||
| 气体当量（MMcfe） | 116,225 | 72,404 | 397,543 | 263,430 | ||||||||
| 气体 equivalent (Mcfe per day) | 1,263,319 | 786,998 | 1,089,159 | 719,753 | ||||||||
| 平均实现价格 | ||||||||||||
| (before the impact of derivatives): | ||||||||||||
| 天然气（每立方英尺） | $ | 2.32 | $ | 2.34 | $ | 2.42 | $ | 1.85 | ||||
| 石油（每桶） | $ | 53.71 | $ | 45.15 | $ | 48.29 | $ | 38.18 | ||||
| NGL（每加仑） | $ | 0.76 | $ | 0.56 | $ | 0.61 | $ | 0.37 | ||||
| 气体当量（每立方米） | $ | 2.80 | $ | 2.67 | $ | 2.78 | $ | 2.13 | ||||
| 平均实现价格： | ||||||||||||
| (including cash-settlement of derivatives and excluding non-cash derivative gain or loss): | ||||||||||||
| 天然气（每立方英尺） | $ | 2.50 | $ | 2.49 | $ | 2.49 | $ | 2.45 | ||||
| 石油（每桶） | $ | 51.93 | $ | 45.37 | $ | 49.88 | $ | 43.29 | ||||
| NGL（每加仑） | $ | 0.70 | $ | 0.55 | $ | 0.58 | $ | 0.36 | ||||
| 气体当量（每立方米） | $ | 2.91 | $ | 2.80 | $ | 2.85 | $ | 2.69 | ||||
| 平均实现价格： | ||||||||||||
| 天然气（每立方英尺） | $ | 3.26 | $ | 0.41 | $ | 3.08 | $ | 1.12 | ||||
| 石油（每桶） | $ | 32.04 | $ | 32.41 | $ | 46.99 | $ | 35.65 | ||||
| NGL（每加仑） | $ | 0.63 | $ | 0.52 | $ | 0.54 | $ | 0.35 | ||||
| 气体当量（每立方米） | $ | 3.42 | $ | 0.88 | $ | 3.32 | $ | 1.46 | ||||
The table below summarizes Gulfport’s 2017 production by asset area:
| GULFPORT ENERGY CORPORATION | |||||
| 按地区划分的产量 | |||||
| (未经审计的) | |||||
| 三个月结束 | 12个月结束 | ||||
| 12月31日 | 12月31日 | ||||
| 2017 | 2017 | ||||
| 尤蒂卡页岩 | |||||
| 天然气（mcf） | 90,374 | 309,450 | |||
| 油(MBbls) | 107 | 473 | |||
| 天然气凝析液(毫伽) | 33,875 | 139,634 | |||
| 气体当量（MMcfe） | 95,854 | 332,238 | |||
| 勺(1) | |||||
| 天然气（mcf） | 12,648 | 40,501 | |||
| 油(MBbls) | 401 | 1,083 | |||
| 天然气凝析液(毫伽) | 27,660 | 84,283 | |||
| 气体当量（MMcfe） | 19,008 | 59,038 | |||
| 路易斯安娜州南部 | |||||
| 天然气（mcf） | 19 | 75 | |||
| 油(MBbls) | 210 | 974 | |||
| 天然气凝析液(毫伽) | - | - | |||
| 气体当量（MMcfe） | 1,280 | 5,917 | |||
| 其他 | |||||
| 天然气（mcf） | 8 | 35 | |||
| 油(MBbls) | 12 | 50 | |||
| 天然气凝析液(毫伽) | 20 | 121 | |||
| 气体当量（MMcfe） | 84 | 351 | |||
| (1) 独家新闻 production adjusted for closing date of February 17, 2017. | |||||
Fourth Quarter 2017 Capital Expenditures
For the quarter ended 12月31日 2017, Gulfport estimates total capital expenditures to be approximately $262 million, including approximately $220 million on drilling and completion capital expenditures, $7 million on midstream capital expenditures and $35 million on leasehold capital expenditures. Higher than expected capital expenditures were driven by spending associated with prior activity during the year and spending related to preparation for our 2018 development activities.
独家新闻 Woodford Production Results
During its initial 90 days of production, the EJ Craddock 8-28X21H has cumulatively produced 942.6 MMcf of natural gas and 51.5000桶石油. Based upon the composition analysis, the gas being produced is 1,171 英热单位 gas and yielding 47.0 barrels of 天然气凝析液 per MMcf of natural gas and results in a natural gas shrink of 16%. 以三流为基础, the EJ Craddock 8-28X21H produced at an average 90-day production rate of 15.每天2毫微克, which is comprised of approximately 58% natural gas, 23%的石油, and 19% natural gas liquids.
During its initial 90 days of production, the 波林8-27X22H has cumulatively produced 973.3 MMcf of natural gas and 59.8000桶石油. Based upon the composition analysis, the gas being produced is 1,210 英热单位 gas and yielding 58.8 barrels of 天然气凝析液 per MMcf of natural gas and results in a natural gas shrink of 19%. 以三流为基础, the 波林8-27X22H produced at an average 90-day production rate of 16.每天6毫微克, which is comprised of approximately 53% natural gas, 24%的石油, and 23% natural gas liquids.
During its initial 90 days of production, the 波林6-27X22H has cumulatively produced 989.7 MMcf of natural gas and 57.3000桶石油. Based upon the composition analysis, the gas being produced is 1,216 英热单位 gas and yielding 57.4 barrels of 天然气凝析液 per MMcf of natural gas and results in a natural gas shrink of 22%. 以三流为基础, the 波林6-27X22H produced at an average 90-day production rate of 16.每天2毫微克, which is comprised of approximately 53% natural gas, 24%的石油, and 23% natural gas liquids.
During its initial 90 days of production, the 波林5-27X22H has cumulatively produced 977.6 MMcf of natural gas and 56.六千桶石油. Based upon the composition analysis, the gas being produced is 1,216 英热单位 gas and yielding 57.4 barrels of 天然气凝析液 per MMcf of natural gas and results in a natural gas shrink of 22%. 以三流为基础, the 波林5-27X22H produced at an average 90-day production rate of 16.每天0毫微克, which is comprised of approximately 53% natural gas, 24%的石油, and 23% natural gas liquids.
During its initial 90 days of production, the 波林4-27X22H has cumulatively produced 849.6 MMcf of natural gas and 47.2000桶石油. Based upon the composition analysis, the gas being produced is 1,212 英热单位 gas and yielding 57.3 barrels of 天然气凝析液 per MMcf of natural gas and results in a natural gas shrink of 18%. 以三流为基础, the 波林4-27X22H produced at an average 90-day production rate of 14.每天1毫微克, which is comprised of approximately 55% natural gas, 22%的石油, and 23% natural gas liquids.
During its initial 90 days of production, the 波林3-27X22H has cumulatively produced 422.9 MMcf of natural gas and 20.10万桶石油. Based upon the composition analysis, the gas being produced is 1,212 英热单位 gas and yielding 57.3 barrels of 天然气凝析液 per MMcf of natural gas and results in a natural gas shrink of 18%. 以三流为基础, the 波林3-27X22H produced at an average 90-day production rate of 6.每天8毫微克, which is comprised of approximately 56% natural gas, 20%的石油, and 24% natural gas liquids.
The following table summarizes the Company’s recent well results:
| GULFPORT ENERGY CORPORATION | |||||||||||||||||
| 独家新闻 WELL RESULTS SUMMARY | |||||||||||||||||
| (未经审计的) | |||||||||||||||||
| 阶段 | 刺激 | 井口 | 天然气凝析液 | % | 产品组合(1) | 平均刺激. 利率(Mmcfepd) | |||||||||||
| 县 | 窗口 | 横向 | 英热单位 | 每MMcf | 缩小 | 气体 | 天然气凝析液 | 石油 | 24-Hr | 30天 | 60天 | 90天 | |||||
| 劳博尔4-26H | SE Grady | 施普林格石油 | 4,527 | 1,418 | 120.8 | 34 | % | 10 | % | 11 | % | 79 | % | 4.7 | - | - | - |
| 宁静5-22H | 年代Grady | 无花果树 | 5,980 | 1,143 | 39.2 | 13 | % | 70 | % | 19 | % | 11 | % | 15.7 | - | - | - |
| EJ Craddock 8-28X21H | 中央Grady | 伍德福德湿气 | 7,961 | 1,171 | 47.0 | 16 | % | 55 | % | 19 | % | 26 | % | 19.7 | 17.3 | 16.1 | 15.2 |
| 波林3-27X22H | 中央Grady | 伍德福德湿气 | 4,322 | 1,212 | 57.3 | 18 | % | 49 | % | 21 | % | 30 | % | 8.8 | 8.0 | 7.4 | 6.8 |
| 波林4-27X22H | 中央Grady | 伍德福德湿气 | 7,978 | 1,212 | 57.3 | 18 | % | 52 | % | 22 | % | 26 | % | 17.3 | 16.1 | 15.0 | 14.1 |
| 波林5-27X22H | 中央Grady | 伍德福德湿气 | 7,929 | 1,216 | 57.4 | 22 | % | 50 | % | 22 | % | 28 | % | 22.2 | 19.1 | 17.4 | 16.0 |
| 波林6-27X22H | 中央Grady | 伍德福德湿气 | 7,273 | 1,216 | 57.4 | 22 | % | 50 | % | 22 | % | 28 | % | 22.9 | 19.6 | 17.7 | 16.2 |
| 波林8-27X22H | 中央Grady | 伍德福德湿气 | 7,658 | 1,210 | 58.8 | 19 | % | 51 | % | 22 | % | 27 | % | 18.4 | 18.6 | 17.6 | 16.6 |
| 文森2-22X27H | SE Grady | 伍德福德湿气 | 8,539 | 1,118 | 35.7 | 11 | % | 79 | % | 19 | % | 2 | % | 16.5 | 15.7 | 14.4 | 13.4 |
| 文森3 r-22x27h | SE Grady | 伍德福德湿气 | 8,475 | 1,118 | 35.7 | 11 | % | 79 | % | 19 | % | 2 | % | 19.0 | 18.7 | 17.3 | 16.3 |
| Winham 7-22H | 年代Grady | 伍德福德湿气 | 4,898 | 1,146 | 40.0 | 13 | % | 64 | % | 18 | % | 18 | % | 23.4 | - | - | - |
| Note: All well results presented are based upon three-stream production data and assume contractual ethane recovery. | |||||||||||||||||
| 1. Product mix calculated utilizing 24-hr initial production rate. | |||||||||||||||||
衍生品
Gulfport continues to hedge a portion of its expected production to lock in prices and returns that provide certainty of cash flow to execute on its capital 计划. The table below sets forth the Company's hedging positions as of January 29, 2018.
| GULFPORT ENERGY CORPORATION | ||||||||||
| COMMODITY DERIVATIVES - HEDGE POSITION | ||||||||||
| (未经审计的) | ||||||||||
| 1Q18 | 2Q18 | 3Q18 | 4Q18 | |||||||
| 天然气: | ||||||||||
| 掉期合约（纽约商品交易所） | ||||||||||
| 卷(BBtupd) | 850 | 880 | 950 | 950 | ||||||
| 价格（$ / MMBtu） | $ 3.18 | $ 3.02 | $ 3.02 | $ 3.02 | ||||||
| 互换合约（纽约商品交易所） | ||||||||||
| 卷(BBtupd) | 20 | 50 | 50 | 50 | ||||||
| 价格（$ / MMBtu） | $ 2.91 | $ 3.13 | $ 3.13 | $ 3.13 | ||||||
| Basis Swap Contract (NGPL MC) | ||||||||||
| 卷(BBtupd) | 50 | - | - | - | ||||||
| 差异（$ / MMBtu） | $ (0.26 | ) | $ - | $ - | $ - | |||||
| 油: | ||||||||||
| 互换合约（LLS） | ||||||||||
| 卷(Bblpd) | - | 2,000 | 2,000 | 2,000 | ||||||
| 价格（$ /桶） | $ - | $ 56.22 | $ 56.22 | $ 56.22 | ||||||
| 掉期合约（WTI） | ||||||||||
| 卷(Bblpd) | 5,967 | 4,170 | 4,500 | 4,500 | ||||||
| 价格（$ /桶） | $ 54.95 | $ 54.59 | $ 53.72 | $ 53.72 | ||||||
| 天然气凝析液: | ||||||||||
| 丙烷交换合同 | ||||||||||
| 卷(Bblpd) | 4,000 | 4,000 | 4,000 | 4,000 | ||||||
| 价格（每加仑$） | $ 0.69 | $ 0.69 | $ 0.69 | $ 0.69 | ||||||
| C5戊烷掉期合约 | ||||||||||
| 卷(Bblpd) | 500 | 500 | 500 | 500 | ||||||
| 价格（每加仑$） | $ 1.11 | $ 1.11 | $ 1.11 | $ 1.11 | ||||||
| 2018 | 2019 | |||||||||
| 天然气: | ||||||||||
| 掉期合约（纽约商品交易所） | ||||||||||
| 卷(BBtupd) | 908 | 312 | ||||||||
| 价格（$ / MMBtu） | $ 3.06 | $ 2.92 | ||||||||
| 互换合约（纽约商品交易所） | ||||||||||
| 卷(BBtupd) | 43 | 135 | ||||||||
| 价格（$ / MMBtu） | $ 3.10 | $ 3.07 | ||||||||
| Basis Swap Contract (NGPL MC) | ||||||||||
| 卷(Bbtupd) | 12 | - | ||||||||
| 差异（$ / MMBtu） | $ (0.26 | ) | $ - | |||||||
| 油: | ||||||||||
| 互换合约（LLS） | ||||||||||
| 卷(Bblpd) | 1,507 | - | ||||||||
| 价格（$ /桶） | $ 56.22 | $ - | ||||||||
| 掉期合约（WTI） | ||||||||||
| 卷(Bblpd) | 4,779 | 2,000 | ||||||||
| 价格（$ /桶） | $ 54.29 | $ 57.75 | ||||||||
| 天然气凝析液: | ||||||||||
| 丙烷交换合同 | ||||||||||
| 卷(Bblpd) | 4,000 | - | ||||||||
| 价格（每加仑$） | $ 0.69 | $ - | ||||||||
| C5戊烷掉期合约 | ||||||||||
| 卷(Bblpd) | 500 | - | ||||||||
| 价格（每加仑$） | $ 1.11 | $ - | ||||||||
约格尔夫波特
Gulfport Energy is an independent natural gas and oil company focused on the exploration and development of natural gas and oil properties in North America and is one of the largest producers of natural gas in the contiguous United States. Headquartered in Oklahoma City, Gulfport holds significant acreage positions in the 尤蒂卡页岩 of Eastern Ohio and the 独家新闻 Woodford and 独家新闻 Springer plays in Oklahoma. 除了, Gulfport holds an acreage position along the Louisiana Gulf Coast, has an approximately 25% equity interest in Mammoth Energy Services, 公司. (NASDAQ:TUSK) and has a position in the Alberta 石油 Sands in Canada through its 25% interest in Grizzly 石油 Sands ULC. For more information, please visit empyreal.muerren.net.
前瞻性声明
This press release includes “forward-looking statements” for purposes of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, 修订的, and Section 21E of the Exchange Act. 所有的报表, other than statements of historical facts, included in this press release that address activities, events or developments that Gulfport expects or anticipates will or may occur in the future, future capital expenditures (including the amount and nature thereof), business strategy and measures to implement strategy, 竞争优势, 目标, expansion and growth of Gulfport's business and operations, 计划, im体育平台官方网站状况, references to future success, reference to intentions as to future matters and other such matters are forward-looking statements. These statements are based on certain assumptions and analyses made by Gulfport in light of its experience and its perception of historical trends, current conditions and expected future developments as well as other factors it believes are appropriate in the circumstances. 然而, whether actual results and developments will conform with Gulfport's expectations and predictions is subject to a number of risks and uncertainties, 总体经济, im体育平台官方网站, credit or business conditions that might affect the timing and amount of the repurchase program; the opportunities (or lack thereof) that may be presented to and pursued by Gulfport; Gulfport’s ability to identify, complete and integrate acquisitions of properties and businesses; competitive actions by other oil and gas companies; changes in laws or regulations; and other factors, many of which are beyond the control of Gulfport. Information concerning these and other factors can be found in the Company's filings with the Securities and Exchange Commission, 包括10-K表格, 10-Q和8-K. 因此, all of the forward-looking statements made in this press release are qualified by these cautionary statements and there can be no assurances that the actual results or developments anticipated by Gulfport will be realized, 或者即使实现了, that they will have the expected consequences to or effects on Gulfport, its business or operations. 格尔夫波特没有这个打算, and disclaims any obligation, to update or revise any forward-looking statements, whether as a result of new information, future results or otherwise.
投资者 & 媒体联络:
Jessica Wills – Director, 投资者 Relations
jwills@muerren.net
405-252-4550
2018年1月29日发布