Gulfport Energy Corporation Names John Reinhart Chief Executive Officer

Rhea-AI Summary

Gulfport Energy Corporation (NYSE: GPOR) has announced the appointment of John Reinhart as President, Chief Executive Officer, and Director, effective January 24, 2023. He succeeds Tim Cutt, who remains as Chairman of the Board. Cutt praised Reinhart's track record in operational excellence and leadership. Reinhart brings over two decades of experience in the oil and gas industry, previously serving as CEO of Montage Resources and Blue Ridge Mountain Resources. Gulfport focuses on natural gas exploration and production, primarily in the Appalachian and Anadarko basins.

Positive

• John Reinhart's appointment as CEO brings a solid leadership background with two decades of industry experience.
• Reinhart's track record includes achieving top-quartile operational and financial metrics.

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• None.

OKLAHOMA CITY--(BUSINESS WIRE)-- Gulfport Energy Corporation (NYSE: GPOR) today named John Reinhart President, Chief Executive Officer and Director, effective January 24, 2023. Tim Cutt, who has served as Chief Executive Officer and Chairman since 2021, will retain his position of Chairman of the Board of Directors.

“I am pleased to welcome John to Gulfport,” Cutt said. “John has a proven track record of instilling a culture anchored on driving operational excellence, accountability, transparency and safety and he will bring strong leadership during this time of great opportunity for our Company. The Board and I look forward to working with John and the management team to build on the momentum we have created and continue establishing Gulfport as an attractive investment opportunity in our sector.”

“I am excited to join the Gulfport team,” Reinhart said. “The Company is at a pivotal stage in its evolution and I look forward to working alongside our teams in optimizing corporate, financial and operational achievements that will build on the solid foundation that has been established.”

“Gulfport and our shareholders greatly benefited from Tim’s steady leadership during such a critical time for our Company,” Lead Independent Director David Wolf added. “Tim helped transform Gulfport, building a team and culture which has positioned Gulfport for continued sustainable success. We thank him for his service and are grateful he will continue to lead our Board as we welcome John to our company.”

Reinhart joins Gulfport with over two decades of oil and gas industry leadership experience. Most recently, he served as President and Chief Executive Officer of Montage Resources Corporation where he led actions that positioned Montage as an attractive strategic partner with sufficient scale, low debt profile and achievement of top-quartile operational and financial metrics. Reinhart previously served as President and Chief Executive Officer of Blue Ridge Mountain Resources and as Chief Operating Officer at Ascent Resources. He started his oil and gas career at SLB before joining Chesapeake Energy Corporation, where he held operations roles with increasing responsibility. Reinhart began his career in the United States Army, serving tours in Panama and Iraq.

About Gulfport

Gulfport is an independent, natural gas-weighted exploration and production company focused on the exploration, acquisition and production of natural gas, crude oil and NGL in the United States with primary focus in the Appalachia and Anadarko basins. Our principal properties are located in eastern Ohio targeting the Utica formation and in central Oklahoma targeting the SCOOP Woodford and SCOOP Springer formations.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230119005830/en/

Investor Contact

Jessica Antle – Director, Investor Relations

jantle@gulfportenergy.com

405-252-4550

Source: Gulfport Energy Corporation

FAQ

Who is the new CEO of Gulfport Energy Corporation?

John Reinhart has been appointed as the new CEO of Gulfport Energy Corporation effective January 24, 2023.

What was the previous position of John Reinhart before joining Gulfport?

Before joining Gulfport, John Reinhart was the President and CEO of Montage Resources Corporation.

Who will remain as Chairman of Gulfport Energy Corporation?

Tim Cutt will continue to serve as the Chairman of the Board of Gulfport Energy Corporation.

When did John Reinhart start his role at Gulfport?

John Reinhart's role at Gulfport Energy Corporation starts on January 24, 2023.

What is Gulfport Energy Corporation's primary focus?

Gulfport Energy Corporation is focused on the exploration and production of natural gas, crude oil, and NGL in the United States.