Three months and six months ended June 30, 2023
Supplemental Information of Gulfport Energy
Table of Contents: | Page: |
Production Volumes by Asset Area | 2 |
Production and Pricing | 4 |
Consolidated Statements of Income | 6 |
Consolidated Balance Sheets | 8 |
Consolidated Statement of Cash Flows | 10 |
Updated 2023E Guidance | 12 |
Derivatives | 13 |
Non-GAAP Reconciliations | 14 |
Definitions | 15 |
Adjusted Net Income | 16 |
Adjusted EBITDA | 18 |
Adjusted Free Cash Flow | 20 |
Recurring General and Administrative Expenses | 22 |
Production Volumes by Asset Area: Three months ended June 30, 2023
Production Volumes
Three Months | Three Months | ||
Ended June 30, 2023 | Ended June 30, 2022 | ||
Natural gas (Mcf/day) | |||
Utica | 751,272 | 637,854 | |
SCOOP | 194,639 | 220,637 | |
Other | - | (10) | |
Total | 945,910 | 858,481 | |
Oil and condensate (Bbl/day) | |||
Utica | 556 | 722 | |
SCOOP | 2,977 | 3,960 | |
Other | - | (4) | |
Total | 3,533 | 4,678 | |
NGL (Bbl/day) | |||
Utica | 2,440 | 2,109 | |
SCOOP | 9,596 | 9,983 | |
Other | - | 2 | |
Total | 12,036 | 12,093 | |
Combined (Mcfe/day) | |||
Utica | 769,246 | 654,840 | |
SCOOP | 270,077 | 304,293 | |
Other | 1 | (27) | |
Total | 1,039,323 | 959,106 | |
Totals may not sum or recalculate due to rounding. | |||
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Production Volumes by Asset Area: Six months ended June 30, 2023
Production Volumes
Six Months Ended | Six Months Ended | ||
June 30, 2023 | June 30, 2022 | ||
Natural gas (Mcf/day) | |||
Utica | 735,133 | 699,489 | |
SCOOP | 210,030 | 191,806 | |
Other | - | 11 | |
Total | 945,163 | 891,306 | |
Oil and condensate (Bbl/day) | |||
Utica | 573 | 710 | |
SCOOP | 3,555 | 3,447 | |
Other | - | 1 | |
Total | 4,128 | 4,158 | |
NGL (Bbl/day) | |||
Utica | 2,564 | 2,145 | |
SCOOP | 10,496 | 9,052 | |
Other | - | 1 | |
Total | 13,060 | 11,198 | |
Combined (Mcfe/day) | |||
Utica | 753,956 | 716,621 | |
SCOOP | 294,335 | 266,798 | |
Other | 1 | 25 | |
Total | 1,048,292 | 983,444 | |
Totals may not sum or recalculate due to rounding. | |||
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Production and Pricing: Three months ended June 30, 2023
The following table summarizes production and related pricing for the three months ended June 30, 2023, as compared to such data for the three months ended June 30, 2022:
Three Months | Three Months | ||||
Natural gas sales | Ended June 30, 2023 | Ended June 30, 2022 | |||
Natural gas production volumes (MMcf) | 86,078 | 78,122 | |||
Natural gas production volumes (MMcf) per day | 946 | 858 | |||
Total sales | $ | 159,246 | $ | 539,090 | |
Average price without the impact of derivatives ($/Mcf) | $ | 1.85 | $ | 6.90 | |
Impact from settled derivatives ($/Mcf) | $ | 0.57 | $ | (3.70) | |
Average price, including settled derivatives ($/Mcf) | $ | 2.42 | $ | 3.20 | |
Oil and condensate sales | |||||
Oil and condensate production volumes (MBbl) | 321 | 426 | |||
Oil and condensate production volumes (MBbl) per day | 4 | 5 | |||
Total sales | $ | 22,602 | $ | 45,009 | |
Average price without the impact of derivatives ($/Bbl) | $ | 70.30 | $ | 105.72 | |
Impact from settled derivatives ($/Bbl) | $ | 1.15 | $ | (33.55) | |
Average price, including settled derivatives ($/Bbl) | $ | 71.45 | $ | 72.17 | |
NGL sales | |||||
NGL production volumes (MBbl) | 1,095 | 1,100 | |||
NGL production volumes (MBbl) per day | 12 | 12 | |||
Total sales | $ | 26,070 | $ | 54,106 | |
Average price without the impact of derivatives ($/Bbl) | $ | 23.80 | $ | 49.17 | |
Impact from settled derivatives ($/Bbl) | $ | 2.47 | $ | (4.73) | |
Average price, including settled derivatives ($/Bbl) | $ | 26.27 | $ | 44.44 | |
Natural gas, oil and condensate and NGL sales | |||||
Natural gas equivalents (MMcfe) | 94,578 | 87,279 | |||
Natural gas equivalents (MMcfe) per day | 1,039 | 959 | |||
Total sales | $ | 207,918 | $ | 638,205 | |
Average price without the impact of derivatives ($/Mcfe) | $ | 2.20 | $ | 7.31 | |
Impact from settled derivatives ($/Mcfe) | $ | 0.56 | $ | (3.53) | |
Average price, including settled derivatives ($/Mcfe) | $ | 2.76 | $ | 3.78 | |
Production Costs: | |||||
Average lease operating expenses ($/Mcfe) | $ | 0.17 | $ | 0.16 | |
Average taxes other than income ($/Mcfe) | $ | 0.08 | $ | 0.19 | |
Average transportation, gathering, processing and compression ($/Mcfe) | $ | 0.91 | $ | 1.01 | |
Total lease operating expenses, midstream costs and production taxes ($/Mcfe) | $ | 1.16 | $ | 1.36 | |
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Production and Pricing: Six months ended June 30, 2023
The following table summarizes production and related pricing for the six months ended June 30, 2023, as compared to such data for the six months ended June 30, 2022:
Six Months Ended | Six Months Ended | ||||
Natural gas sales | June 30, 2023 | June 30, 2022 | |||
Natural gas production volumes (MMcf) | 171,075 | 161,326 | |||
Natural gas production volumes (MMcf) per day | 945 | 891 | |||
Total sales | $ | 441,780 | $ | 944,302 | |
Average price without the impact of derivatives ($/Mcf) | $ | 2.58 | $ | 5.85 | |
Impact from settled derivatives ($/Mcf) | $ | 0.29 | $ | (2.48) | |
Average price, including settled derivatives ($/Mcf) | $ | 2.87 | $ | 3.37 | |
Oil and condensate sales | |||||
Oil and condensate production volumes (MBbl) | 747 | 753 | |||
Oil and condensate production volumes (MBbl) per day | 4 | 4 | |||
Total sales | $ | 53,316 | $ | 75,248 | |
Average price without the impact of derivatives ($/Bbl) | $ | 71.36 | $ | 99.99 | |
Impact from settled derivatives ($/Bbl) | $ | (0.10) | $ | (29.80) | |
Average price, including settled derivatives ($/Bbl) | $ | 71.26 | $ | 70.19 | |
NGL sales | |||||
NGL production volumes (MBbl) | 2,364 | 2,027 | |||
NGL production volumes (MBbl) per day | 13 | 11 | |||
Total sales | $ | 65,982 | $ | 99,390 | |
Average price without the impact of derivatives ($/Bbl) | $ | 27.91 | $ | 49.03 | |
Impact from settled derivatives ($/Bbl) | $ | 1.56 | $ | (5.40) | |
Average price, including settled derivatives ($/Bbl) | $ | 29.47 | $ | 43.63 | |
Natural gas, oil and condensate and NGL sales | |||||
Natural gas equivalents (MMcfe) | 189,741 | 178,003 | |||
Natural gas equivalents (MMcfe) per day | 1,048 | 983 | |||
Total sales | $ | 561,078 | $ | 1,118,940 | |
Average price without the impact of derivatives ($/Mcfe) | $ | 2.96 | $ | 6.29 | |
Impact from settled derivatives ($/Mcfe) | $ | 0.28 | $ | (2.44) | |
Average price, including settled derivatives ($/Mcfe) | $ | 3.24 | $ | 3.85 | |
Production Costs: | |||||
Average lease operating expenses ($/Mcfe) | $ | 0.19 | $ | 0.18 | |
Average taxes other than income ($/Mcfe) | $ | 0.10 | $ | 0.16 | |
Average transportation, gathering, processing and compression ($/Mcfe) | $ | 0.91 | $ | 0.97 | |
Total lease operating expenses, midstream costs and production taxes ($/Mcfe) | $ | 1.20 | $ | 1.31 | |
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Gulfport Energy Corporation published this content on 01 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 August 2023 20:17:15 UTC.