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News Breaks
November 27, 2012
19:13 EDTMWE, GPORGulfport Energy reports Utica Shale results
Gulfport's Shugert 1-12H well in the Utica Shale was tested following the conclusion of its 60-day resting period. The well was flow tested over 48 hours, reaching an average sustained 18 hour rate of 28.5 MMCF per day of natural gas and 300 barrels of condensate per day. Subsequent to the test, the 12 hour wellhead shut in casing pressure was 5,250 psi. Based upon composition analysis, the gas being produced is 1204 BTU rich gas. Assuming full ethane recovery, the composition above is expected to produce an additional 102 barrels of NGLs per MMCF of natural gas and result in a natural gas shrink of 10%. In ethane rejection mode, the composition is expected to yield 41 barrels of NGLs per MMCF of natural gas and result in a natural gas shrink of 2%. Gulfport currently anticipates it will begin flowing the Shugert 1-12 H into a sales pipeline by the end of January.
News For GPOR;MWE From The Last 14 Days
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December 18, 2014
09:41 EDTMWEMarkWest Energy downgraded to Buy from Conviction Buy at Goldman
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December 16, 2014
09:22 EDTGPORGulfport Energy upgraded to Focus List from Outperform at Howard Weil
December 15, 2014
08:47 EDTGPORGulfport Energy named a Top Pick at SunTrust
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December 9, 2014
07:02 EDTGPORGulfport Energy coverage resumed with a Buy at Stifel
Target $50.

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