Operations

SCOOP

Operations Overview

The SCOOP (South Central Oklahoma Oil Province) play of Oklahoma is located in the southeast portion of the prolific Anadarko Basin. The SCOOP play mainly targets the Devonian to Mississippian aged Woodford Shale. The Woodford Shale is a silica and highly organic rich black shale that was deposited about 320 million to 370 million years ago. Across the Gulfport position, the Woodford Shale ranges in thickness from 200 to over 400 feet and directly overlies the Hunton Limestone and underlies the Sycamore Formation, both of which are also locally productive reservoirs.

Gulfport holds a sizeable acreage position totaling approximately ~87,700 net effective acres in the core of the SCOOP.

By The Numbers

SCOOP

~87,700 Net Effective Acres

SCOOP

4 Rigs

4 gross operating rigs as of second quarter 2017

SCOOP

162.0 MMcfepd

Production during second quarter 2017

Key Highlights and 2017 Activities

Gulfport’s SCOOP acreage is located in the heart of the play and highly-contiguous, which provides for meaningful size and scale. Highlights of the SCOOP include:

Asset Overview

  • Gulfport currently has approximately: ~87,700 net effective acres in the Scoop.
    • ~49,200 Net Woodford acres
    • ~38,500 Net Springer acres
    • Deep inventory of delineated, high-return drilling locations at current strip pricing

Current Activities

  • During second quarter of 2017 average net production of 162.0 MMcfepd.
    • Natural Gas- ~69%
    • Natural Gas Liquids- ~21%
    • Oil- ~10%

Planned 2017 Activities

  • Gulfport plans to run ~4 operated rigs and participate in non-operated activity during 2017
  • Planned Operated Activity Includes:
    • Drill 19 to 21 gross (16 to 18 net) wells
    • Turn-to-sales 17 to 19 gross (14 to 16 net) wells
  • Non-Operated Activity Includes:
    • Drill 10 to 12 gross (1 to 2) net wells
    • Turn-to-sales 10 to 12 gross (1 to 2 net) wells