Gulfport Energy Corporation announced unaudited production results for the fourth quarter and year ended December 31, 2017. For the fourth quarter of 2017, the company reported natural gas of 103,049 MMcf against 63,362 MMcf a year ago. Oil was 730 MBbls against 451 MBbls a year ago. NGL was 61,555 MGal against 44,345 MGal a year ago. Gas equivalent was 116,225 MMcfe against 72,404 MMcfe a year ago. Gas equivalent was 1,263,319 Mcfe per day against 786,998 Mcfe per day a year ago.

For the year, the company reported natural gas of 350,061 MMcf against 227,594 MMcf a year ago. Oil was 2,579 MBbls against 2,126 MBbls a year ago. NGL was 224,038 MGal against 161,562 MGal a year ago. Gas equivalent was 397,543 MMcfe against 263,430 MMcfe a year ago. Gas equivalent was 1,089,159 Mcfe per day against 719,753 Mcfe per day a year ago.

For the fourth quarter ended December 31, 2017, the company estimates total capital expenditures to be approximately $262 million, including approximately $220 million on drilling and completion capital expenditures, $7 million on midstream capital expenditures and $35 million on leasehold capital expenditures. Higher than expected capital expenditures were driven by spending associated with prior activity during the year and spending related to preparation for the company's 2018 development activities.