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November 2004

Vol. 9, No. 48 Week of November 28, 2004

Gulfport Energy’s drilling program dubbed a success

Ray Tyson

Independent producer Gulfport Energy has significantly increased both oil and gas production in Louisiana’s West Cote Blanche Bay field since launching a drilling and well recompletion program at the field in July, the company said Nov. 19.

The eight wells that have been drilled and completed had combined initial gross production rates of 607 barrels of oil per day and 901,000 cubic feet of natural gas per day, Gulfport said, adding that logs from the wells showed a total of 678 feet of net pay in 38 productive zones.

The four existing wells that were recently recompleted had combined initial gross production rates of 459 barrels of oil per day and 111,000 cubic feet of gas per day.

Prior to July, the daily gross sales for the West Cote Blanche Bay field were 1,428 barrels of oil and 237,000 cubic feet of gas. The field had daily gross sales of 2,494 barrels of oil and 1.249 million cubic feet of gas at the completion of the drilling program.

Gulfport owns a 100 percent working interest in the field and an average net revenue interest of 81.11 percent.






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