I heard that Gulfport was in financial trouble. I heard that they were only operating one drilling rig now & may go to zero. Anyone know anything about what's going on with them now?

Views: 314

Reply to This

Replies to This Discussion

This is a very interesting post considering that all the old Paloma leases are coming up for renewal

According to my research their stock is considered a strong buy. They are doing so good that they bought back $100 million of stock and are planning to buy back another $100 million this year. Earnings per share for Quarter 1 was $.56 per share. If they are cutting back drilling it isn't due to financial stress.

I called Gulfport buckeye yesterday concerning my Paloma lease that expires early September. All I got was voicemail and no return on Call.

Gulfport laid out their development plan on their earnings call - they are focusing on Appalachia this year with approximately 80% of their capital budget.  They had many drilled but not completed wells, and increased the number of completion crews while reducing the number of rigs.  Their 2019 capital plan hasn't been disclosed.

RSS

Local Groups

Latest Activity

Abbey Houghlin posted an event
Thumbnail

JobNewsUSA.com Washington, PA Energy & Transportation Job Fair at DoubleTree by Hilton Hotel Pittsburgh - Meadow Lands

May 2, 2019 from 10am to 2pm
2 hours ago
Inchworm antenna posted photos
2 hours ago
RB replied to RB's discussion 'What's going on with Middlesex Township in Butler County?' in the group Butler County, PA
9 hours ago
Danna Blumenau commented on Tom Knosky's blog post 'No Title'
14 hours ago

Blog Posts

Forgotten Men and Women of Canadian Energy Industry Protest

Posted by Thomas J Shepstone on January 4, 2019 at 10:37am 0 Comments

The forgotten men and women of the Canadian energy industry are mad as hell and not taking it anymore. They’re protesting in their trucks and it’s spreading.

Whenever I go to New York City, which is as seldom as…

Continue

© 2019   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service