OKLAHOMA CITY, Jan. 22, 2013 (GLOBE NEWSWIRE) -- Gulfport Energy Corporation (Nasdaq:GPOR) today announced production results on its Clay 1-4H and Stutzman 1-14H wells in the Utica Shale. Utica Shale
- 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.
About GulfportGulfport Energy Corporation is an Oklahoma City-based independent oil and natural gas exploration and production company with its principal producing properties located along the Louisiana Gulf Coast. Gulfport has also acquired acreage positions in the Utica Shale of Eastern Ohio and the Niobrara Formation of Western Colorado. In addition, Gulfport holds a sizeable acreage position in the Alberta Oil Sands in Canada through its interest in Grizzly Oil Sands ULC and has interests in entities that operate in the Permian Basin in West Texas and in Southeast Asia, including the Phu Horm gas field in Thailand.
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