Gulfport Energy, which has faced activist investor pressure this year to improve its stock performance, agreed to divest various noncore assets including water assets across its Scoop position in Oklahoma.
The career oil and gas man has put his money on U.S. natural gas via Comstock Resources Inc. and the Haynesville Shale.
While U.S. natural gas demand was mostly flat in 2020, Mexico’s grew. And it came from Texas. The outlook is that Mexico will be ordering more, including from the Eagle Ford’s underdeveloped gas fairway.