Gulfport Energy Reports Production Results from Utica Shale

Gulfport Energy Corporation (NASDAQ:GPOR) announced production results from wells in the Utica Shale.

As quoted in the press release:

•   Gulfport’s Clay 1-4H tested at an average sustained 12 hour rate of 747 barrels of condensate per day, 5.9 million cubic feet (“MMCF”) per day of natural gas, and 761 barrels of natural gas liquids (“NGLs”) per day assuming full ethane recovery and a natural gas shrink of 27%, or 2,226 barrels of oil equivalent (“BOE”) per day.
•   Gulfport’s Stutzman 1-14H tested at an average sustained four hour rate of 21.0 million cubic feet (“MMCF”) per day of natural gas and 945 barrels of natural gas liquids (“NGLs”) per day assuming full ethane recovery and a natural gas shrink of 11%, or 4,060 barrels of oil equivalent (“BOE”) per day.

To view the whole press release, click here.