"Activity in the county has almost come to a standstill. Only EAP in the northern townships and maybe Ascent in the eastern townships are active & even then it's minimal. Gulfport has decided to only drill dry gas wells and what operations…"
Gulfport Energy filed for bankruptcy in federal court in Houston on Fri. 13th, 2020. They will attempt to reorganize and dump about $2.5 billion in debt and liabilities. Check your lease for bankruptcy provisions. These companies are usually able to continue operating and paying royalties while in bankruptcy. This could last 6 months or more. My guess is that after they emerge without all of the long term debt, they will be taken over by EQT or SWN. SWN took over Montage Resources (which was…See More
"Gulfport filed for bankruptcy on Friday 13 th 2020 in Houston. Better get your lease out and read the bankruptcy provisions if you're leased with them. They will keep operating while being reorganized and should be able to continue to pay…"
"The Energy Information Admin. has posted the 2019 Annual Natural Gas Report. All of the Nat. gas info you could ask for. Tons of info including reports by state. enjoy.....
"Gulfport shut in our well pad in Moorefield due to low prices. They may not bring the wells back on line until 2021. That is ...if Gulfport still exists. They are probably headed for bankruptcy/reorg. and after that they will most likely be bought…"
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What makes this site so great? Well, I think it's the fact that, quite frankly, we all have a lot at stake in this thing they call shale. But beyond that, this site is made up of individuals who have worked hard for that little yard we call home. Or, that farm on which blood, sweat and tears have fallen.[ Read More ]