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.

"We believe we have found a prolific stacked pay resource that provides us with a sizeable footprint in the core of the SCOOP."

By The Numbers

SCOOP

1.5 Net Tcfe

Net proved reserves

SCOOP

~92,500 Net Reservoir Acres

SCOOP

~3 Rigs

Plan to run ~3 operated rigs and participate in non-operated activity during 2018.

SCOOP

245.6 MMcfepd

Production during first quarter 2018

Key Highlights and 2018 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

  • 2017 year-end net proved reserves totaled 1.5 Tcfe.
  • Gulfport currently has approximately ~92,500 net reservoir acres in the SCOOP:
    • ~50,200 net Woodford acres
    • ~42,300 net Springer acres
    • Estimate in excess of 40,000 net acres prospective for Sycamore.

Current Activities

  • During the first quarter of 2018, production in the SCOOP averaged approximately 245.6 MMcfepd.
    • ~67% natural gas, ~19% natural gas liquids, ~14% oil
  • During the first quarter of 2018, SCOOP production accounted for ~19% of Gulfport's total net production.

Planned 2018 Activities

  • Gulfport is currently running 4 gross operated rigs
  • Plan to run ~3 operated rigs and participate in non-operated activity during 2018.
  • Planned Operated Activity Includes:
    • Drill 15 to 16 gross (10 to 11 net) wells
    • Turn-to-sales 20 to 22 gross (16 to 18 net) wells
  • Non-Operated Activity Includes:
    • Drill 4 to 5 net wells
    • Turn-to-sales 2 to 3 net wells