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 ~92,900 net reservoir acres in the core of the SCOOP.

By The Numbers

SCOOP

~92,900 Net Reservoir Acres

SCOOP

4 Rigs

4 gross operating rigs as of third quarter 2017

SCOOP

194.4 MMcfepd

Production during third 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 ~92,900 net reservoir acres in the SCOOP:
    • ~50,400 net Woodford acres
    • ~42,500 net Springer acres
    • Estimate in excess of 40,000 net acres prospective for Sycamore
  • Deep inventory of delineated, high-return drilling locations at current strip pricing

Current Activities

  • During the third quarter of 2017, production in the SCOOP averaged approximately 194.4 MMcfepd.

Planned 2017 Activities

  • Gulfport is currently running 4 gross operated rigs
  • Planned Operated Activity Includes:
    • Drill 22 gross (18 net) wells
    • Turn-to-sales 18 gross (16 net) wells
  • Non-Operated Activity Includes:
    • Drill ~1 net well
    • Turn-to-sales ~1 net well