Gulfport Energy Corporation

Operations

Southern Louisiana

Operations Overview

Gulfport Energy’s Southern Louisiana assets are 100% owned and operated.

The West Cote Blanche Bay overlies one of the largest salt dome structures on the Gulf Coast and is located approximately five miles off the coast of Louisiana in a shallow bay with water depths averaging eight to ten feet.

The Hackberry field is a major salt intrusive feature, elliptical in shape as opposed to a classic “dome,” divided into east and west field and located along shore and the land surrounding Lake Calcasieu, 15 miles from the Gulf of Mexico. 

"Gulfport's Southern Louisiana assets continue to provide a strong base of cash flows for the company and allow us to then redeploy this capital for resource play expansion."

By The Numbers

Southern Louisiana

2.5 Net MMBoe

Net Proved Reserves


Southern Louisiana

~10,816
Net Acres

Southern Louisiana

1,504 Boepd

Production during the first quarter of 2019

Key Highlights and 2018 Activities

Gulfport’s Southern Louisiana legacy assets provide attractive margins and excess cash flow year after year that is then redeployed to facilitate Gulfport Energy’s expansion into North America’s premier resource plays. Highlighted facts regarding Southern Louisiana include: 

Asset Overview

  • Gulfport’s Southern Louisiana assets include its West Cote Blanche Bay and Hackberry fields.
  • 2018 year end net proved reserves totaled ~2.5 MMBoe.
  • Gulfport currently has ~10,816 acres under lease in Southern Louisiana.

Current Activities

  • During the first quarter of 2019, production in Southern Louisiana averaged approximately 1,504 Boepd and ~1% of Gulfport’s total production.
  • ~100% oil weighted production mix
    • Gulfport’s Southern Louisiana production is high-quality Louisiana sweet crude and priced at a premium to WTI.