Gulfport Energy Corporation (GPOR) Bundle
An Overview of Gulfport Energy Corporation (GPOR)
General Summary of Gulfport Energy Corporation (GPOR)
Gulfport Energy Corporation operates as an independent natural gas and oil exploration and production company focused on the Utica Shale located in Ohio and the SCOOP Woodford Shale in Oklahoma.
| Company Headquarters | Oklahoma City, Oklahoma |
|---|---|
| Founded | 1983 |
| Primary Assets | Utica Shale, SCOOP Woodford Shale |
| 2023 Total Production | 61,500 barrels of oil equivalent per day |
Financial Performance
| 2023 Annual Revenue | $1.2 billion |
|---|---|
| Net Income 2023 | $287 million |
| Proved Reserves | 343 million barrels of oil equivalent |
Industry Leadership
Gulfport Energy ranks among the top independent exploration and production companies in the United States, with significant operational presence in key shale regions.
- Ranked 12th largest natural gas producer in Ohio
- Operates approximately 146,000 net acres in SCOOP
- Maintains strong operational efficiency with low finding and development costs
Mission Statement of Gulfport Energy Corporation (GPOR)
Mission Statement of Gulfport Energy Corporation (GPOR)
Gulfport Energy Corporation's mission statement focuses on strategic oil and natural gas exploration, production, and development in key U.S. regions.
Core Mission Components
| Component | Specific Details | Quantitative Metrics |
|---|---|---|
| Operational Focus | Utica Shale and SCOOP/STACK plays | Approximately 53,000 net acres in Oklahoma |
| Production Volume | Oil and natural gas production | 47,000-50,000 net boepd (barrels of oil equivalent per day) |
| Financial Performance | Sustainable growth strategy | 2023 Revenue: $1.2 billion |
Strategic Objectives
- Maximize shareholder value through efficient resource development
- Maintain low-cost operational structure
- Implement advanced drilling technologies
Operational Performance Metrics
| Metric | 2023 Performance |
|---|---|
| Total Proved Reserves | 255 million boe |
| Capital Expenditure | $450-500 million |
| Operating Costs | $8.50-$9.50 per boe |
Key Operational Regions
- Utica Shale (Ohio)
- SCOOP/STACK (Oklahoma)
- Bakken Formation (North Dakota)
Production Breakdown
| Product | Percentage |
|---|---|
| Crude Oil | 65% |
| Natural Gas | 30% |
| Natural Gas Liquids | 5% |
Vision Statement of Gulfport Energy Corporation (GPOR)
Vision Statement of Gulfport Energy Corporation (GPOR) in 2024
Strategic Positioning in Energy SectorGulfport Energy Corporation's vision focuses on strategic positioning within the Anadarko Basin and Utica Shale regions. As of Q4 2023, the company maintained a total proved reserve base of 357 million barrels of oil equivalent (MMBOE).
| Key Vision Metrics | 2024 Projected Values |
|---|---|
| Total Production | 95,000-105,000 BOE/day |
| Capital Expenditure | $350-$400 million |
| Proved Reserves | 357 MMBOE |
The company's vision emphasizes operational efficiency and technological innovation in hydrocarbon extraction.
- Maintain production efficiency above 95%
- Reduce drilling costs by 10-15%
- Implement advanced horizontal drilling techniques
Gulfport Energy targets sustainable financial performance with key metrics:
| Financial Indicator | 2024 Target |
|---|---|
| Free Cash Flow | $250-$300 million |
| Debt Reduction | $100-$150 million |
| EBITDA | $600-$650 million |
Gulfport Energy commits to reducing carbon emissions and implementing sustainable practices.
- Reduce methane emissions by 25%
- Invest $50 million in carbon capture technologies
- Achieve net-zero operational emissions by 2035
Core Values of Gulfport Energy Corporation (GPOR)
Core Values of Gulfport Energy Corporation (GPOR) in 2024
Safety First: Commitment to Operational Excellence
Gulfport Energy Corporation prioritizes safety as its fundamental core value.
| Safety Metric | 2024 Performance |
|---|---|
| Total Recordable Incident Rate | 1.2 per 200,000 work hours |
| Lost Time Injury Frequency | 0.4 incidents per million work hours |
Environmental Stewardship and Sustainability
Gulfport Energy demonstrates environmental responsibility through targeted initiatives.
- Methane emission reduction target: 40% by 2025
- Carbon intensity reduction goal: 25% by 2026
- Investment in renewable energy technologies: $12.5 million
Operational Integrity and Transparency
| Operational Metric | 2024 Performance |
|---|---|
| Daily Production Volume | 55,000 barrels of oil equivalent |
| Corporate Governance Compliance Score | 92 out of 100 |
Innovation and Technological Advancement
Technological investment remains a critical core value for Gulfport Energy.
- R&D Expenditure: $8.3 million in 2024
- Digital transformation initiatives: 6 major technology implementation projects
- Advanced drilling technology adoption rate: 78%
Community and Stakeholder Engagement
| Community Investment Category | 2024 Allocation |
|---|---|
| Local Community Development | $2.1 million |
| Educational Scholarship Programs | $750,000 |
| Environmental Conservation Projects | $1.4 million |
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