GPOR
- Gulfport Energy Corporation
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Overview
Company Summary
Gulfport Energy Corporation (GPOR) is an independent oil and natural gas exploration and production company. It is primarily focused on the acquisition, development, and production of natural gas, crude oil, and natural gas liquids (NGLs) in the United States.
GPOR operates in several key areas, including the Utica Shale in Ohio, where it has significant acreage and production. Additionally, the company has assets in the SCOOP (South Central Oklahoma Oil Province) and STACK (Sooner Trend, Anadarko, Canadian, and Kingfisher) plays in Oklahoma.
The primary means of extracting oil and gas resources used by GPOR is horizontal drilling and hydraulic fracturing (commonly known as fracking). This technique involves drilling wells horizontally into underground rock formations and injecting a mixture of water, sand, and chemicals at high pressure to release the trapped hydrocarbons.
Once the resources are extracted, GPOR engages in various processes to treat and condition the oil, natural gas, and NGLs for sale and transportation. These products are then sold to various customers, such as refineries, pipelines, and other energy companies, generating revenue for Gulfport Energy.
In addition to its production activities, GPOR continuously evaluates and develops its assets to optimize production, reduce costs, and enhance operational efficiency. The company also focuses on implementing environmentally sustainable practices and regulatory compliance to mitigate the potential impacts of its operations on the surrounding communities and ecosystems.
Overall, Gulfport Energy Corporation is engaged in the exploration, development, production, and sale of natural gas, crude oil, and NGLs, with a particular focus on shale plays in the United States.