Gulfport Energy Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidating Financial Information - Condensed Consolidating Balance Sheets (Details)

Condensed Consolidating Financial Information - Condensed Consolidating Balance Sheets (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014	Dec. 31, 2013
Current assets:
Cash and cash equivalents	$ 74,740	$ 142,340	$ 170,382	$ 458,956
Accounts receivable—oil and gas	79,680us-gaap_AccountsReceivableNetCurrent	103,858us-gaap_AccountsReceivableNetCurrent
Accounts receivable - related parties	33us-gaap_DueFromRelatedPartiesCurrent	46us-gaap_DueFromRelatedPartiesCurrent
Accounts receivable - intercompany		0us-gaap_DueFromAffiliateCurrent
Prepaid expenses and other current assets	15,777	3,714
Short-term derivative instruments	93,030us-gaap_DerivativeAssetsCurrent	78,391us-gaap_DerivativeAssetsCurrent
Total current assets	263,260us-gaap_AssetsCurrent	328,349us-gaap_AssetsCurrent
Property and equipment:
Oil and natural gas properties	4,177,962	3,923,154
Other property and equipment	19,051us-gaap_PropertyPlantAndEquipmentOther	18,344us-gaap_PropertyPlantAndEquipmentOther
Accumulated depletion, depreciation, amortization and impairment	(1,140,168)	(1,050,879)
Property and equipment, net	3,056,845us-gaap_PropertyPlantAndEquipmentNet	2,890,619us-gaap_PropertyPlantAndEquipmentNet
Other assets:
Equity investments and investments in subsidiaries	374,971us-gaap_EquityMethodInvestments	369,581us-gaap_EquityMethodInvestments
Derivative instruments	41,956	24,448
Other assets	18,566us-gaap_OtherAssetsNoncurrent	19,396us-gaap_OtherAssetsNoncurrent
Total other assets	435,493gpor_TotalOtherAssets	413,425gpor_TotalOtherAssets
Total assets	3,755,598us-gaap_Assets	3,632,393us-gaap_Assets
Current liabilities:
Accounts payable and accrued liabilities	400,096	371,410
Accounts payable - intercompany	0us-gaap_DueToAffiliateCurrent	0us-gaap_DueToAffiliateCurrent
Asset retirement obligation—current	75	75	795
Short-term derivative instruments	823us-gaap_DerivativeLiabilitiesCurrent
Deferred tax liability - current	29,622us-gaap_DeferredTaxLiabilitiesCurrent	27,070us-gaap_DeferredTaxLiabilitiesCurrent
Current maturities of long-term debt	1,781us-gaap_LongTermDebtCurrent	168us-gaap_LongTermDebtCurrent
Total current liabilities	432,397us-gaap_LiabilitiesCurrent	398,723us-gaap_LiabilitiesCurrent
Long-term derivative instrument	0us-gaap_DerivativeLiabilitiesNoncurrent
Asset retirement obligation—long-term	18,656	17,863	14,650
Deferred tax liability	215,122	203,195
Long-term debt, net of current maturities	779,130us-gaap_LongTermDebtNoncurrent	716,316us-gaap_LongTermDebtNoncurrent
Total liabilities	1,445,305us-gaap_Liabilities	1,336,097us-gaap_Liabilities
Stockholders’ equity:
Common stock	857us-gaap_CommonStockValue	856us-gaap_CommonStockValue
Paid-in capital	1,832,063us-gaap_AdditionalPaidInCapital	1,828,602us-gaap_AdditionalPaidInCapital
Accumulated other comprehensive income (loss)	(41,659)	(26,675)
Retained earnings (accumulated deficit)	519,032	493,513
Total stockholders’ equity	2,310,293us-gaap_StockholdersEquity	2,296,296us-gaap_StockholdersEquity	2,130,440us-gaap_StockholdersEquity	2,050,238us-gaap_StockholdersEquity
Total liabilities and stockholders’ equity	3,755,598	3,632,393
Parent [Member]
Current assets:
Cash and cash equivalents	73,667	141,535	168,476	451,431
Accounts receivable—oil and gas	79,621	103,762
Accounts receivable - related parties	33	46
Accounts receivable - intercompany	48,154	45,222
Prepaid expenses and other current assets	15,777	3,714
Short-term derivative instruments	93,030	78,391
Total current assets	310,282	372,670
Property and equipment:
Oil and natural gas properties	4,139,903	3,887,874
Other property and equipment	19,008	18,301
Accumulated depletion, depreciation, amortization and impairment	(1,140,142)	(1,050,855)
Property and equipment, net	3,018,769	2,855,320
Other assets:
Equity investments and investments in subsidiaries	365,840	360,238
Derivative instruments	41,956	24,448
Other assets	18,566	19,396
Total other assets	426,362	404,082
Total assets	3,755,413	3,632,072
Current liabilities:
Accounts payable and accrued liabilities	399,912	371,089
Accounts payable - intercompany	0	0
Asset retirement obligation—current	75	75
Short-term derivative instruments	823
Deferred tax liability - current	29,622	27,070
Current maturities of long-term debt	1,781	168
Total current liabilities	432,213	398,402
Long-term derivative instrument	0
Asset retirement obligation—long-term	18,656	17,863
Deferred tax liability	215,122	203,195
Long-term debt, net of current maturities	779,130	716,316
Total liabilities	1,445,121	1,335,776
Stockholders’ equity:
Common stock	857	856
Paid-in capital	1,832,062	1,828,602
Accumulated other comprehensive income (loss)	(41,659)	(26,675)
Retained earnings (accumulated deficit)	519,032	493,513
Total stockholders’ equity	2,310,292	2,296,296
Total liabilities and stockholders’ equity	3,755,413	3,632,072
Guarantors [Member]
Current assets:
Cash and cash equivalents	1,072	804	1,906	7,525
Accounts receivable—oil and gas	59	96
Accounts receivable - related parties	0	0
Accounts receivable - intercompany	26	27
Prepaid expenses and other current assets		0
Short-term derivative instruments	0	0
Total current assets	1,157	927
Property and equipment:
Oil and natural gas properties	38,769	35,990
Other property and equipment	43	43
Accumulated depletion, depreciation, amortization and impairment	(26)	(24)
Property and equipment, net	38,786	36,009
Other assets:
Equity investments and investments in subsidiaries		0
Derivative instruments	0	0
Other assets		0
Total assets	39,943	36,936
Current liabilities:
Accounts payable and accrued liabilities	184	321
Accounts payable - intercompany	48,072	45,143
Asset retirement obligation—current		0
Deferred tax liability - current		0
Current maturities of long-term debt		0
Total current liabilities	48,256	45,464
Long-term derivative instrument	0
Asset retirement obligation—long-term	0	0
Deferred tax liability		0
Long-term debt, net of current maturities	0	0
Total liabilities	48,256	45,464
Stockholders’ equity:
Common stock		0
Paid-in capital	321	322
Accumulated other comprehensive income (loss)		0
Retained earnings (accumulated deficit)	(8,634)	(8,850)
Total stockholders’ equity	(8,313)	(8,528)
Total liabilities and stockholders’ equity	39,943	36,936
Non-Guarantor [Member]
Current assets:
Cash and cash equivalents	1	1	0	0
Accounts receivable—oil and gas	0	0
Accounts receivable - related parties	0	0
Accounts receivable - intercompany	0	0
Prepaid expenses and other current assets	0	0
Short-term derivative instruments	0	0
Total current assets	1	1
Property and equipment:
Oil and natural gas properties		0
Other property and equipment		0
Accumulated depletion, depreciation, amortization and impairment		0
Property and equipment, net		0
Other assets:
Equity investments and investments in subsidiaries	167,186	180,217
Derivative instruments	0	0
Other assets		0
Total other assets	167,186	180,217
Total assets	167,187	180,218
Current liabilities:
Accounts payable and accrued liabilities		0
Accounts payable - intercompany	108	106
Asset retirement obligation—current		0
Deferred tax liability - current		0
Current maturities of long-term debt		0
Total current liabilities	108	106
Long-term derivative instrument	0
Asset retirement obligation—long-term	0	0
Deferred tax liability		0
Long-term debt, net of current maturities	0	0
Total liabilities	108	106
Stockholders’ equity:
Common stock		0
Paid-in capital	233,174	227,079
Accumulated other comprehensive income (loss)	(41,659)	(26,675)
Retained earnings (accumulated deficit)	(24,436)	(20,292)
Total stockholders’ equity	167,079	180,112
Total liabilities and stockholders’ equity	167,187	180,218
Eliminations [Member]
Current assets:
Cash and cash equivalents	0	0	0	0
Accounts receivable—oil and gas		0
Accounts receivable - related parties	0	0
Accounts receivable - intercompany	(48,180)	(45,249)
Prepaid expenses and other current assets		0
Short-term derivative instruments	0	0
Total current assets	(48,180)	(45,249)
Property and equipment:
Oil and natural gas properties	(710)	(710)
Other property and equipment		0
Accumulated depletion, depreciation, amortization and impairment		0
Property and equipment, net	(710)	(710)
Other assets:
Equity investments and investments in subsidiaries	(158,055)	(170,874)
Derivative instruments	0	0
Other assets		0
Total other assets	(158,055)	(170,874)
Total assets	(206,945)	(216,833)
Current liabilities:
Accounts payable and accrued liabilities		0
Accounts payable - intercompany	(48,180)	(45,249)
Asset retirement obligation—current		0
Deferred tax liability - current		0
Current maturities of long-term debt		0
Total current liabilities	(48,180)	(45,249)
Long-term derivative instrument	0
Asset retirement obligation—long-term	0	0
Deferred tax liability		0
Long-term debt, net of current maturities	0	0
Total liabilities	(48,180)	(45,249)
Stockholders’ equity:
Common stock		0
Paid-in capital	(233,494)	(227,401)
Accumulated other comprehensive income (loss)	41,659	26,675
Retained earnings (accumulated deficit)	33,070	29,142
Total stockholders’ equity	(158,765)	(171,584)
Total liabilities and stockholders’ equity	$ (206,945)	$ (216,833)