Gulfport Energy Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Cover
- Document And Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Summary of Significant Accounting Policies (Policies)
Notes Tables
Notes Details

Supplemental Information On Oil And Gas Exploration And Production Activities (Standardized Measure of Discounted Future Net Cash Flows Relating to Proved Oil and Gas Reserves) (Details)

v2.4.1.9

Supplemental Information On Oil And Gas Exploration And Production Activities (Standardized Measure of Discounted Future Net Cash Flows Relating to Proved Oil and Gas Reserves) (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Discounted Future Net Cash Flows Relating to Proved Oil and Gas Reserves [Line Items]
Future cash flows	$ 4,667,678	$ 1,657,708	$ 954,833
Future development and abandonment costs	(719,898)	(272,500)	(159,113)
Future production costs	(880,427)	(274,428)	(147,024)
Future production taxes	(71,229)	(78,647)	(89,175)
Future income taxes	(693,154)	(172,691)	(114,867)
Future net cash flows	2,302,970	859,442	444,654
10% discount to reflect timing of cash flows	(875,803)	(280,976)	(96,013)
Standardized measure of discounted future net cash flows	1,427,167	578,466	348,641
Diamondback Energy, Inc [Member]
Discounted Future Net Cash Flows Relating to Proved Oil and Gas Reserves [Line Items]
Future cash flows	0	331,505	592,669
Future development and abandonment costs	0	(37,229)	(115,869)
Future production costs	0	(58,096)	(165,553)
Future production taxes	0	(22,925)	(30,122)
Future income taxes	0	(48,547)	(71,669)
Future net cash flows	0	164,708	209,456
10% discount to reflect timing of cash flows	0	(94,462)	(130,871)
Standardized measure of discounted future net cash flows	0	70,246	78,585
Grizzly Oil Sands ULC [Member]
Discounted Future Net Cash Flows Relating to Proved Oil and Gas Reserves [Line Items]
Future cash flows	754,720	0	0
Future development and abandonment costs	(205,242)	0	0
Future production costs	(291,988)	0	0
Future production taxes	0	0	0
Future income taxes	(11,250)	0	0
Future net cash flows	246,240	0	0
10% discount to reflect timing of cash flows	(152,494)	0	0
Standardized measure of discounted future net cash flows	$ 93,746	$ 0	$ 0

- Definition

Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Production Taxes

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This is the amount that is derived from using a discount rate of ten percent a year to reflect the timing of the future net cash flows relating to proved oil and gas reserves.

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Amount of estimated future cash inflows from sale of proved oil and gas reserves.

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Amount of estimated future cost to be incurred in developing proved oil and gas reserves.

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Amount of estimated future income tax expense to be incurred based on the future income less future expense derived from production and sale of proved oil and gas reserves.

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Amount of estimated net future cash inflows, after subtracting future development and production costs and future income tax expenses, from sale of proved oil and gas reserves.

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Amount of estimated future cost to be incurred in producing proved oil and gas reserves.

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