The Company reported test results yesterday on its Shugert 1-12H well in the Utica Shale and announced first sales through the MarkWest Energy Partners, L.P. (MWE) Harrison County gas processing complex.
Shugert 1-12 Results
- Gulfport's Shugert 1-12H tested at an average sustained 18 hour rate of 28.5 million cubic feet ("MMCF") per day of natural gas, 300 barrels of condensate per day, and 2,907 barrels of natural gas liquids ("NGLs") per day assuming full ethane recovery and a natural gas shrink of 10%, or 7,482 barrels of oil equivalent ("BOE") per day.
Gulfport Energy Corporation is an Oklahoma City-based independent
oil and natural gas exploration and production company with its
principal producing properties located along the Louisiana Gulf Coast.
Gulfport has also acquired acreage positions in the Utica Shale of
Eastern Ohio and the Niobrara Formation of Western Colorado. In
addition, Gulfport holds a sizeable acreage position in the Alberta Oil
Sands in Canada through its interest in Grizzly Oil Sands ULC and has
interests in entities that operate in the Permian Basin in West Texas
and in Southeast Asia, including the Phu Horm gas field in Thailand. Research oil and gas stocks at the Investor ideas oil and gas stock directory here
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