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Ohio Utica Shale

Gulfport Energy revises third quarter, 2013 production guidance

By Bob Downing Published: September 10, 2013

From Gulfport Energy today:

OKLAHOMA CITY, Sept. 10, 2013 (GLOBE NEWSWIRE) -- Gulfport Energy Corporation (Nasdaq:GPOR) today provided an update on its third quarter 2013 and full year 2013 production guidance.

Gulfport currently estimates third quarter 2013 production to be in the range of 12,250 to 12,750 BOEPD. Gulfport's prior third quarter guidance has been adversely impacted by pipeline infrastructure delays and higher than anticipated downtime during simultaneous operations. Gulfport's Irons 1-4H well was scheduled to be flowing into a sales pipeline by mid-August, however the third party midstream provider has experienced pipeline infrastructure and permitting delays and Gulfport now anticipates the well will begin flowing into sales by the end of October. At this time, Gulfport's full year 2013 guidance remains unchanged. Gulfport plans to provide further guidance on its expected full year 2013 production at the time of its third quarter 2013 earnings release and conference call in early November.



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Ohio Department of Natural Resources' Division of Oil and Gas Resources Management State agency Web site.

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ODNR Division of Geological Survey.

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