Gulfport Energy Corporation Appoints Valerie Jochen to its Board of Directors
February 07 2020 - 8:00AM
Gulfport Energy Corporation (NASDAQ: GPOR) (“Gulfport” or the
“Company”) announced today Ms. Valerie Jochen has been appointed to
Gulfport’s Board of Directors, effective February 6, 2020.
David M. Wood, President and Chief Executive
Officer, commented, “Gulfport is very pleased to welcome Valerie to
our Board as part of our ongoing refreshment process. Valerie
has decades of experience in petroleum engineering and subsurface
technical review and analysis, with a focus on unconventional gas
development. Her strong technical acumen, overall oil and gas
business experience and collegial and objective style will
complement our current directors’ expertise and support the
execution of our strategic plans to build long-term sustainable
shareholder value.”
Ms. Jochen has more than 35 years of technical
industry experience and brings significant expertise in petroleum
engineering and analysis of unconventional reservoirs to Gulfport.
Ms. Jochen currently serves as a Professor of Practice in Reservoir
Engineering at Texas A&M University, where she began in January
2018 following a nearly 20-year career at Schlumberger Limited
(NYSE: SLB). From July 2010 to May 2016, Ms. Jochen served as a
Schlumberger Fellow and Technical Director of Unconventional
Resources, focused on the technology and resources needed to
optimize the development of unconventional reservoirs. From
November 1997 to July 2010, Ms. Jochen held various other senior
level positions with Schlumberger, including Technology Director of
Reservoir Stimulation, Technical Director of Unconventional Gas and
Domain Career Leader for Reservoir Engineering. From May 1991 to
November 1997, Ms. Jochen served as a Reservoir Engineer and
Division Vice President for S.A. Holditch and Associates, and from
December 1984 to December 1989, she worked as a Reservoir
Engineering and Planning Supervisor for Mobil Exploration &
Production. Ms. Jochen began her career in 1979 with Superior Oil
Company and served in a variety of production and reservoir
engineering positions. Ms. Jochen holds a Bachelor of Science
degree, a Master of Science degree and a Doctor of Philosophy in
petroleum engineering from Texas A&M University. In addition,
Ms. Jochen is a registered Professional Engineer in the State of
Texas.
Following Ms. Jochen’s appointment, Gulfport’s
Board is now comprised of eight directors, seven of whom are
independent and five of whom have joined the Board in the last
three years.
About GulfportGulfport Energy
is an independent natural gas and oil company focused on the
exploration and development of natural gas and oil properties in
North America and is one of the largest producers of natural gas in
the contiguous United States. Headquartered in Oklahoma City,
Gulfport holds significant acreage positions in the Utica Shale of
Eastern Ohio and the SCOOP Woodford and SCOOP Springer plays in
Oklahoma. In addition, Gulfport holds an approximately 22% equity
interest in Mammoth Energy Services, Inc. (NASDAQ: TUSK) and has a
position in the Alberta Oil Sands in Canada through its 25%
interest in Grizzly Oil Sands ULC. For more information, please
visit www.gulfportenergy.com.
Forward Looking StatementsThis
press release includes “forward-looking statements” for purposes of
the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995, Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934.
All statements, other than statements of historical facts, included
in this press release that address activities, events or
developments that Gulfport expects or anticipates will or may occur
in the future, future capital expenditures (including the amount
and nature thereof), business strategy and measures to implement
strategy, repurchases of our outstanding debt or equity, the timing
and completion of asset sales, competitive strength, goals,
expansion and growth of Gulfport’s business and operations, plans,
market conditions, references to future success, reference to
intentions as to future matters and other such matters are
forward-looking statements. These statements are based on certain
assumptions and analyses made by Gulfport in light of its
experience and its perception of historical trends, current
conditions and expected future developments as well as other
factors it believes are appropriate in the circumstances. However,
whether actual results and developments will conform with
Gulfport’s expectations and predictions is subject to a number of
risks and uncertainties, including those related to general
economic, market, credit or business conditions that might affect
the timing and amount of the repurchase program; the opportunities
(or lack thereof) that may be presented to and pursued by Gulfport;
Gulfport’s ability to identify, complete and integrate acquisitions
of properties and businesses; Gulfport’s ability to achieve the
anticipated benefits of its strategic initiatives, including the
potential divestiture of certain water infrastructure assets
Gulfport holds across its SCOOP position; competitive actions by
other oil and gas companies; changes in laws or regulations; and
other factors, many of which are beyond the control of Gulfport.
Information concerning these and other factors can be found in the
Company’s filings with the Securities and Exchange Commission,
including its Forms 10-K, 10-Q and 8-K. Consequently, all of the
forward-looking statements made in this press release are qualified
by these cautionary statements and there can be no assurances that
the actual results or developments anticipated by Gulfport will be
realized, or even if realized, that they will have the expected
consequences to or effects on Gulfport, its business or operations.
Gulfport has no intention, and disclaims any obligation, to update
or revise any forward-looking statements, whether as a result of
new information, future results or otherwise.
Investor Contact:Jessica Antle
– Director, Investor
Relationsjantle@gulfportenergy.com405-252-4550
Media Contact:ReevemarkPaul
Caminiti / Hugh Burns / Nicholas Leasure212-433-4600
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