Gulfport Energy Corp. (NASDAQ: GPOR) reported third-quarter 2016 operational results on Oct. 17.
Net production averaged 734.1 million cubic feet equivalent per day (MMcfe/d), 13% higher than third-quarter 2015’s net production. The previous third-quarter 2016 guidance of 685 MMcfe/d was increased to 705 MMcfe/d.
Gulfport’s net daily production for the third quarter of 2016 averaged about 734.1 MMcfe/d, comprised of about 86% natural gas, 9% NGL and 5% oil.
Gulfport’s realized prices for the third quarter of 2016 were $2.67/Mcf of gas, $45.09 per barrel of oil and $0.34 per gallon of NGL, resulting in a total equivalent price of $2.87/Mcfe.
Gulfport Energy Corp. is based in Oklahoma City.
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