Mission Statement, Vision, & Core Values (2024) of Gulfport Energy Corporation (GPOR)

Mission Statement, Vision, & Core Values (2024) of Gulfport Energy Corporation (GPOR)

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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 Sector

Gulfport 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
Operational Excellence Priorities

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
Financial Performance Objectives

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
Environmental and Sustainability Focus

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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