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Gulfport Sees FY24 Net Production 1.055B MMcfe - 1.07B MMcfe

Author: Benzinga Newsdesk | August 06, 2024 05:21pm

Full Year 2024 Outlook

Narrowing full year 2024 net production guidance to 1,055 MMcfe - 1,070 MMcfe per day
Forecasting over $25 million in capital expenditure savings from operating efficiencies on drilling and completion activities during 2024, with the allocation of these savings to be determined pending the commodity price outlook
Planning to allocate approximately $45 million to targeted discretionary acreage acquisitions, of which $19.0 million was deployed during the second quarter of 2024
Reiterating plans to allocate substantially all 2024 adjusted free cash flow(1) towards common share repurchases after discretionary acreage acquisitions

Posted In: GPOR