Gulfport Energy Corp: An Independent Oil and Gas Company

Gulfport Energy Corp is listed as an independent oil and gas exploration and production company. The business is publicly held on the NASDAQ and trades under the symbol GPOR. The company is a component of the Russell 3000 Index and is one the companies listed as part of the NASDAQ Global Select Market. It is headquartered in Oklahoma City, Oklahoma.

The business is engaged in the exploration, exploitation, production and acquisition of natural gas, natural gas liquids and crude oil and resources-rich locations across the United States. The company has several properties that are capable of producing these resources. As of December 2013, the business is reported to be sitting in reserves that amount to 38.4 million barrels of oil equivalent. The properties of the company include acres and acres of oil field land in the Niobrara Formation in northwestern Colorado, the Bakken Formation in Western North Dakota and the Eastern portion of Montana; the Utica Shale in Eastern Ohio and in the Louisiana Gulf Coast.

The aggressive approach of the company in drilling in its proven fields led to the business exploiting more resources and providing value to their stockholders. Their stance in seeking potential resources has led them to exploration in conventional and unconventional oil and natural gas prospects that are now considered as some of the worlds largest promising fields. Through its subsidiaries, the company has stakes in the Alberta Oil Sands in Canada and the Phu Horm gas field in Thailand. Gulfport continues to identify potential fields and evaluates the promises these properties offer through exploratory drilling and geophysical data. The company is always poised to do acquisition over these prospect fields.

With the use of state of the art technology, Gulfport is able to further exploit their properties, especially in the Ultica Shale and the Southern Louisiana region. Part of their business strategy is also to uphold the company financial discipline and flexibility.