Gulfport Energy Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Condensed Consolidating Financial Information - Condensed Consolidating Statement of Operations (Details)

Condensed Consolidating Financial Information - Condensed Consolidating Statement of Operations (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended								12 Months Ended
	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Revenues:
Total revenues	$ 267,697us-gaap_Revenues	$ 170,804us-gaap_Revenues	$ 114,736us-gaap_Revenues	$ 118,029us-gaap_Revenues	$ 68,067us-gaap_Revenues	$ 69,252us-gaap_Revenues	$ 70,434us-gaap_Revenues	$ 55,000us-gaap_Revenues	$ 671,266us-gaap_Revenues	$ 262,753us-gaap_Revenues	$ 248,926us-gaap_Revenues
Costs and expenses:
Lease operating expenses									52,191us-gaap_LeaseOperatingExpense	26,703us-gaap_LeaseOperatingExpense	24,308us-gaap_LeaseOperatingExpense
Production taxes									24,006	26,933	28,957
Midstream gathering and processing									64,467	11,030	443
Depreciation, depletion and amortization									265,431	118,880	90,749
General and administrative									38,290us-gaap_GeneralAndAdministrativeExpense	22,519us-gaap_GeneralAndAdministrativeExpense	13,808us-gaap_GeneralAndAdministrativeExpense
(Gain) loss on sale of assets									(11)	508	(7,300)
Accretion expense									761	717	698
Total costs and expenses									445,135us-gaap_OperatingExpenses	207,290us-gaap_OperatingExpenses	151,663us-gaap_OperatingExpenses
INCOME FROM OPERATIONS	129,458us-gaap_OperatingIncomeLoss	53,454us-gaap_OperatingIncomeLoss	18,110us-gaap_OperatingIncomeLoss	25,109us-gaap_OperatingIncomeLoss	2,926us-gaap_OperatingIncomeLoss	15,137us-gaap_OperatingIncomeLoss	22,456us-gaap_OperatingIncomeLoss	14,944us-gaap_OperatingIncomeLoss	226,131us-gaap_OperatingIncomeLoss	55,463us-gaap_OperatingIncomeLoss	97,263us-gaap_OperatingIncomeLoss
OTHER (INCOME) EXPENSE:
Interest expense									23,986us-gaap_InterestExpense	17,490us-gaap_InterestExpense	7,458us-gaap_InterestExpense
Interest income									(195)us-gaap_InvestmentIncomeInterest	(297)us-gaap_InvestmentIncomeInterest	(72)us-gaap_InvestmentIncomeInterest
Litigation settlement									25,500us-gaap_LitigationSettlementExpense	0us-gaap_LitigationSettlementExpense	0us-gaap_LitigationSettlementExpense
Gain on contribution of investments									(84,470)us-gaap_GainLossOnInvestments	0us-gaap_GainLossOnInvestments	0us-gaap_GainLossOnInvestments
Income from equity method investments									(139,434)	(213,058)	(8,322)
Total Other (Income) Expense									(174,613)us-gaap_NonoperatingIncomeExpense	(195,865)us-gaap_NonoperatingIncomeExpense	(936)us-gaap_NonoperatingIncomeExpense
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES									400,744	251,328	98,199
INCOME TAX EXPENSE	67,757us-gaap_IncomeTaxExpenseBenefit	4,876us-gaap_IncomeTaxExpenseBenefit	31,461us-gaap_IncomeTaxExpenseBenefit	49,247us-gaap_IncomeTaxExpenseBenefit	21,027us-gaap_IncomeTaxExpenseBenefit	23,400us-gaap_IncomeTaxExpenseBenefit	25,514us-gaap_IncomeTaxExpenseBenefit	28,195us-gaap_IncomeTaxExpenseBenefit	153,341us-gaap_IncomeTaxExpenseBenefit	98,136us-gaap_IncomeTaxExpenseBenefit	26,363us-gaap_IncomeTaxExpenseBenefit
INCOME FROM CONTINUING OPERATIONS									247,403	153,192	71,836
Loss on disposal of Belize properties, net of tax									0	0	3,465
NET INCOME	110,073us-gaap_NetIncomeLoss	6,920us-gaap_NetIncomeLoss	47,852us-gaap_NetIncomeLoss	82,558us-gaap_NetIncomeLoss	24,278us-gaap_NetIncomeLoss	40,527us-gaap_NetIncomeLoss	43,828us-gaap_NetIncomeLoss	44,559us-gaap_NetIncomeLoss	247,403us-gaap_NetIncomeLoss	153,192us-gaap_NetIncomeLoss	68,371us-gaap_NetIncomeLoss
Parent [Member]
Revenues:
Total revenues									669,067	261,809	247,637
Costs and expenses:
Lease operating expenses									51,238	25,971	23,644
Production taxes									23,803	26,848	28,874
Midstream gathering and processing									64,402	10,999	432
Depreciation, depletion and amortization									265,428	118,878	90,749
General and administrative									37,846	22,359	13,602
(Gain) loss on sale of assets									(11)	508	(7,300)
Accretion expense									761	717	698
Total costs and expenses									443,467	206,280	150,699
INCOME FROM OPERATIONS									225,600	55,529	96,938
OTHER (INCOME) EXPENSE:
Interest expense									23,986	17,490	7,458
Interest income									(195)	(297)	(72)
Litigation settlement									25,500
Gain on contribution of investments									(84,470)
Income from equity method investments									(139,965)	(212,992)	(5,182)
Total Other (Income) Expense									(175,144)	(195,799)	2,204
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES									400,744	251,328	94,734
INCOME TAX EXPENSE									153,341	98,136	26,363
INCOME FROM CONTINUING OPERATIONS											68,371
Loss on disposal of Belize properties, net of tax											0
NET INCOME									247,403	153,192	68,371
Guarantor [Member]
Revenues:
Total revenues									2,199	1,517	1,289
Costs and expenses:
Lease operating expenses									953	732	664
Production taxes									203	85	83
Midstream gathering and processing									65	31	11
Depreciation, depletion and amortization									3	2	0
General and administrative									446	159	132
(Gain) loss on sale of assets									0	0	0
Accretion expense									0	0	0
Total costs and expenses									1,670	1,009	890
INCOME FROM OPERATIONS									529	508	399
OTHER (INCOME) EXPENSE:
Interest expense									0	0	0
Interest income									0	0	0
Litigation settlement									0
Gain on contribution of investments									0
Income from equity method investments									0	0	0
Total Other (Income) Expense									0	0	0
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES									529	508	399
INCOME TAX EXPENSE									0	0	0
INCOME FROM CONTINUING OPERATIONS											399
Loss on disposal of Belize properties, net of tax											3,465
NET INCOME									529	508	(3,066)
Non-Guarantor [Member]
Revenues:
Total revenues									0	0	0
Costs and expenses:
Lease operating expenses									0	0	0
Production taxes									0	0	0
Midstream gathering and processing									0	0	0
Depreciation, depletion and amortization									0	0	0
General and administrative									(2)	1	74
(Gain) loss on sale of assets									0	0	0
Accretion expense									0	0	0
Total costs and expenses									(2)	1	74
INCOME FROM OPERATIONS									2	(1)	(74)
OTHER (INCOME) EXPENSE:
Interest expense									0	0	0
Interest income									0	0	0
Litigation settlement									0
Gain on contribution of investments									0
Income from equity method investments									13,159	2,999	1,512
Total Other (Income) Expense									13,159	2,999	1,512
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES									(13,157)	(3,000)	(1,586)
INCOME TAX EXPENSE									0	0	0
INCOME FROM CONTINUING OPERATIONS											(1,586)
Loss on disposal of Belize properties, net of tax											0
NET INCOME									(13,157)	(3,000)	(1,586)
Eliminations [Member]
Revenues:
Total revenues									0	(573)	0
Costs and expenses:
Lease operating expenses									0	0	0
Production taxes									0	0	0
Midstream gathering and processing									0	0	0
Depreciation, depletion and amortization									0	0	0
General and administrative									0	0	0
(Gain) loss on sale of assets									0	0	0
Accretion expense									0	0	0
Total costs and expenses									0	0	0
INCOME FROM OPERATIONS									0	(573)	0
OTHER (INCOME) EXPENSE:
Interest expense									0	0	0
Interest income									0	0	0
Litigation settlement									0
Gain on contribution of investments									0
Income from equity method investments									(12,628)	(3,065)	(4,652)
Total Other (Income) Expense									(12,628)	(3,065)	(4,652)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES									12,628	2,492	4,652
INCOME TAX EXPENSE									0	0	0
INCOME FROM CONTINUING OPERATIONS											4,652
Loss on disposal of Belize properties, net of tax											0
NET INCOME									$ 12,628	$ 2,492	$ 4,652