Gulfport Energy is an independent natural gas-focused E&P company with two core U.S. onshore positions: Appalachia (Utica and Marcellus shale in eastern Ohio, ~81% of production) and the SCOOP play in the Anadarko Basin of central Oklahoma (~19% of production). Gulfport drills horizontal wells and sells natural gas, oil, and NGLs at market prices, primarily through spot and short-term contracts with large gas marketing firms. Natural gas comprises the large majority of revenue, making Henry Hub pricing the dominant driver of financial results. Total production runs approximately 1.04 Bcfe per day. Gulfport's cost structure is largely fixed, with per-unit operating costs of roughly $1.25/Mcfe, dominated by midstream gathering and transport costs. To manage price exposure, Gulfport hedges a meaningful portion of production using collars, and uses firm transportation contracts on interstate pipelines to access Gulf Coast markets, which can realize a premium over Appalachian spot prices. The Utica wet gas window is the primary capital allocation target, generating stronger per-well revenue than dry gas due to liquids content. Gulfport is also transitioning its 35,000-acre Marcellus position from delineation to full development. The SCOOP is managed as a stable, low-activity asset rather than a growth driver. Gulfport's capital allocation targets flat-to-modest production growth, with excess free cash flow returned to shareholders via buybacks. Management estimates roughly 15 years of drilling inventory at the current development pace.