Gulfport reports 12 percent increase in oil and natural gas production

Gulfport Energy Corp.’s oil and natural gas production rose 12 percent during the second quarter, exceeding the company’s expectations, according to the Times Reporter in New Philadelphia, Ohio. The newspaper says that wells in the Utica shale play accounted for 97 percent of Gulfport’s total production or 457.6 million cubic feet equivalent of natural gas per day. The Oklahoma City-based company also reported it drilled nine wells and put 19 wells into production, all in the dry-gas portion of the Utica play. For more, read the full story.