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Gulfport Energy Corporation (GPOR): Marketing Mix [Jan-2025 Updated]
US | Energy | Oil & Gas Exploration & Production | NYSE
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Gulfport Energy Corporation (GPOR) Bundle
Dive into the strategic world of Gulfport Energy Corporation (GPOR), a dynamic player in the natural gas and oil exploration landscape. As of 2024, this innovative company is redefining energy production with its focused approach in the Utica Shale region, leveraging cutting-edge technologies and a commitment to sustainable resource extraction. From its sophisticated operational infrastructure to its adaptive market strategies, Gulfport Energy represents a compelling case study in modern energy sector marketing and strategic positioning. Uncover the intricate details of their product, place, promotion, and pricing strategies that drive their competitive edge in the ever-evolving energy marketplace.
Gulfport Energy Corporation (GPOR) - Marketing Mix: Product
Core Product Offerings
Gulfport Energy Corporation specializes in hydrocarbon production with the following key product details:
| Product Category | Production Volume | Primary Region |
|---|---|---|
| Natural Gas | 212.6 million cubic feet per day (Q4 2023) | Utica Shale, Ohio |
| Crude Oil | 14,300 barrels per day (Q4 2023) | SCOOP/STACK, Oklahoma |
Asset Portfolio Composition
- Utica Shale Acreage: 53,500 net acres
- SCOOP/STACK Acreage: 35,600 net acres
- Total Proved Reserves: 1.3 trillion cubic feet equivalent (2023)
Technological Capabilities
Advanced drilling technologies employed include:
- Horizontal drilling techniques
- Multi-stage hydraulic fracturing
- Enhanced recovery methods
Production Efficiency Metrics
| Metric | Performance |
|---|---|
| Operating Costs | $3.12 per barrel of oil equivalent (2023) |
| Production Efficiency | 92% operational uptime |
Sustainability Initiatives
- Methane emissions reduction target: 40% by 2025
- Water recycling rate: 65% of produced water
Gulfport Energy Corporation (GPOR) - Marketing Mix: Place
Concentrated Operations in Utica Shale Basin
Gulfport Energy Corporation maintains approximately 54,000 net acres in the Utica Shale basin located in southeastern Ohio.
Strategic Midstream Infrastructure
Operational distribution infrastructure includes:
- Pipeline capacity of 250 million cubic feet per day
- Midstream assets valued at $185 million as of 2023
- Connected to major regional transmission networks
Regional Operational Facilities
| Location | Facility Type | Operational Capacity |
|---|---|---|
| Oklahoma City, OK | Corporate Headquarters | Primary Administrative Center |
| Carrollton, OH | Production Facility | 75,000 net acres managed |
Distribution Network Characteristics
Distribution channels encompass:
- 3 primary interstate pipeline connections
- Direct sales to regional energy markets
- Integrated midstream transportation systems
Market Reach
Current market distribution covers 5 Midwestern states with potential expansion strategies targeting additional regional markets.
Gulfport Energy Corporation (GPOR) - Marketing Mix: Promotion
Investor Relations Communication
Gulfport Energy Corporation conducts quarterly earnings calls and financial reporting to maintain transparent investor communication. For Q3 2023, the company reported:
| Financial Metric | Value |
|---|---|
| Total Revenue | $317.4 million |
| Net Income | $68.2 million |
| Production Volume | 62,300 BOE/day |
Corporate Website Communication Strategy
The corporate website provides comprehensive information including:
- Detailed operational updates
- Financial performance metrics
- Sustainability initiatives
- Investor presentation downloads
Industry Conference Participation
Gulfport Energy actively participates in key energy industry conferences, including:
- EnerCom Oil & Gas Conference
- RBC Capital Markets Energy Conference
- J.P. Morgan Energy Conference
Shareholder Communication Channels
| Communication Channel | Frequency |
|---|---|
| Quarterly Earnings Calls | 4 times per year |
| Annual Shareholder Meeting | 1 time per year |
| Investor Presentations | 6-8 times per year |
Technological and Environmental Communication
Gulfport Energy emphasizes technological innovations and environmental responsibility through:
- Emission Reduction Targets: 30% reduction by 2025
- Advanced drilling technology investments
- Sustainable operational practices
Gulfport Energy Corporation (GPOR) - Marketing Mix: Price
Pricing Strategy in Volatile Energy Markets
As of Q4 2023, Gulfport Energy Corporation's pricing strategy reflects the following key financial metrics:
| Metric | Value | Period |
|---|---|---|
| Average Natural Gas Price | $2.67 per MMBtu | Q4 2023 |
| Oil Price Realization | $73.45 per barrel | Q4 2023 |
| Production Costs | $8.21 per BOE | Q4 2023 |
Hedging Strategies
Gulfport's hedging portfolio as of December 31, 2023, includes:
- Natural Gas Hedges: 200 million cubic feet per day at $3.25/MMBtu
- Oil Hedges: 15,000 barrels per day at $68.50 per barrel
- Hedge Coverage: Approximately 65% of projected 2024 production
Competitive Pricing Alignment
| Pricing Comparison | GPOR | Industry Average |
|---|---|---|
| Breakeven Price - Natural Gas | $2.40/MMBtu | $2.75/MMBtu |
| Breakeven Price - Oil | $45 per barrel | $52 per barrel |
Cost-Efficient Production Metrics
Production efficiency metrics for 2023:
- Total Production Costs: $352 million
- Operating Expenses: $4.82 per BOE
- Capital Expenditure: $425 million
- Net Revenue: $1.2 billion
Regional Market Dynamics Pricing Model
Pricing adaptation based on Anadarko Basin regional specifics:
| Region | Price Differential | Production Impact |
|---|---|---|
| Oklahoma Basins | -$0.35/MMBtu | 15% production adjustment |
| SCOOP/STACK Regions | +$0.25/MMBtu | 10% production increase |
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