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News Breaks
November 27, 2012
19:13 EDTGPOR, MWEGulfport 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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January 22, 2015
05:05 EDTMWEMarkWest Energy raises quarterly distribution by 4c to 90c per unit
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January 20, 2015
07:30 EDTGPORGulfport Energy upgraded to Buy from Accumulate at KLR Group
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January 13, 2015
17:17 EDTGPORIntegrated Core Strategies reports 4.9% passive stake in Gulfport Energy
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January 12, 2015
13:28 EDTMWEMarkWest Energy volatility near six-year high
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10:00 EDTMWEOn The Fly: Analyst Downgrade Summary
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06:31 EDTMWEMarkWest Energy downgraded to Neutral from Buy at Goldman
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05:45 EDTMWEMarkWest Energy downgraded to Neutral from Buy at Goldman
Goldman Sachs downgraded MarkWest Energy to Neutral saying its reduced commodity price expectations no longer support an accelerating distribution growth profile for the company. The firm dropped its price target for shares to $64 from $78.

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