Utica Shale

Operations Overview

The Utica covers hydrocarbon-bearing rock formations located in the Appalachian Basin of the United States and Canada. We have approximately 188,000 net reservoir acres located primarily in Belmont, Harrison, Jefferson and Monroe Counties in eastern Ohio where the Utica ranges in thickness from 600 to over 750 feet. During 2022, we produced approximately 693 MMcfe per day net to our interests in this area and it accounts for approximately 70% of our total production.

The Marcellus covers hydrocarbon bearing rock formations that overlay the Utica. We have identified 15,000 net reservoir acres in Belmont County in eastern Ohio for Marcellus development and in 2022 we added 8 PUD Marcellus locations within our Utica operating area. Our Marcellus development area is 3,500 to 4,500 feet shallower than the Utica.

By The Numbers

~2.9 Net Tcfe
~2.9 Net Tcfe

Year-end 2022 net proved reserves

~188,000 Net Acres
~188,000 Net Acres

Focused within the core of the Utica Shale

1 Rig
1 Rig

Currently running one gross operated rig

~769.2 MMcfepd
~769.2 MMcfepd

Production during the second quarter of 2023

Recent Activity

The table below summarizes Gulfport's operated drilling and completion activity for the full year of 2021 and 2022:

 

Year Ended December 31, 2021

Year Ended December 31, 2022

 

Gross

Net

Lateral Length

Gross

Net

Lateral Length

Spud

 

 

 

 

 

 

Utica

20

18.9

14,750

19

17.4

14,200

SCOOP

9

7.7

9,900

6

4.3

10,200

 

 

 

 

 

 

 

Drilled

 

 

 

 

 

 

Utica

11

10.6

15,350

20

17.9

14,300

SCOOP

5

4.9

9,750

8

5.5

10,200

 

 

 

 

 

 

 

Completed

 

 

 

 

 

 

Utica

17

17

12,500

15

13.4

13,700

SCOOP

11

9.4

9,500

13

10.3

10,000

 

 

 

 

 

 

 

Turned-to-Sales

 

 

 

 

Utica

17

17

12,500

15

13.4

13,700

SCOOP

11

9.4

9,500

13

10.3

10,000