2013 Q4 Form 10-K Financial Statement

#000144530514000751 Filed on February 28, 2014

View on sec.gov

Income Statement

Concept 2013 Q4 2012 Q4 2012 Q3
Revenue $68.07M $56.60M $60.54M
YoY Change 20.25% -17.9% 4.23%
Cost Of Revenue $14.90M $12.70M $13.70M
YoY Change 17.32% -6.62% 14.17%
Gross Profit $53.20M $44.00M $46.80M
YoY Change 20.91% -20.43% 1.52%
Gross Profit Margin 78.16% 77.73% 77.31%
Selling, General & Admin $13.00M $4.900M $3.100M
YoY Change 165.31% 157.89% 55.0%
% of Gross Profit 24.44% 11.14% 6.62%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $37.10M $20.30M $25.38M
YoY Change 82.76% -6.45% 72.21%
% of Gross Profit 69.74% 46.14% 54.22%
Operating Expenses $50.30M $25.30M $42.36M
YoY Change 98.81% 6.3% 46.25%
Operating Profit $2.926M $25.88M $18.18M
YoY Change -88.69% -18.08% -37.57%
Interest Expense $42.40M $4.300M $1.003M
YoY Change 886.05% -714.29% 345.78%
% of Operating Profit 1449.08% 16.62% 5.52%
Other Income/Expense, Net -$2.162M
YoY Change 1883.49%
Pretax Income $45.30M $30.20M $16.02M
YoY Change 50.0% -2.27% -44.79%
Income Tax $21.03M $10.85M $15.51M
% Of Pretax Income 46.42% 35.92% 96.87%
Net Earnings $24.28M $15.88M $502.0K
YoY Change 52.86% -48.72% -98.27%
Net Earnings / Revenue 35.67% 28.06% 0.83%
Basic Earnings Per Share $0.30 $0.28 $0.01
Diluted Earnings Per Share $0.30 $0.28 $0.01
COMMON SHARES
Basic Shares Outstanding 77.58M shares 55.72M shares 55.69M shares
Diluted Shares Outstanding 56.29M shares

Balance Sheet

Concept 2013 Q4 2012 Q4 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $459.0M $167.1M $12.30M
YoY Change 174.69% 77.96% -45.81%
Cash & Equivalents $459.0M $167.1M $12.28M
Short-Term Investments
Other Short-Term Assets $9.900M $2.200M $3.600M
YoY Change 350.0% -24.14% -57.14%
Inventory
Prepaid Expenses
Receivables $58.82M $25.62M $24.82M
Other Receivables $900.0K $0.00 $0.00
Total Short-Term Assets $531.1M $229.7M $51.61M
YoY Change 131.2% 77.29% -7.17%
LONG-TERM ASSETS
Property, Plant & Equipment $1.704B $953.9M $705.8M
YoY Change 78.6% 103.54% 71.26%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $440.1M $381.5M $206.7M
YoY Change 15.36% 339.38% 269.09%
Other Assets $17.85M $13.30M $5.530M
YoY Change 34.27% 159.52% -26.27%
Total Long-Term Assets $2.162B $1.349B $919.0M
YoY Change 60.31% 140.15% 84.61%
TOTAL ASSETS
Total Short-Term Assets $531.1M $229.7M $51.61M
Total Long-Term Assets $2.162B $1.349B $919.0M
Total Assets $2.693B $1.578B $970.6M
YoY Change 70.63% 128.37% 75.39%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $190.7M $110.2M $107.1M
YoY Change 73.05% 151.03% 75.0%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $159.0K $150.0K $147.0K
YoY Change 6.0% 6.38% 47.0%
Total Short-Term Liabilities $203.9M $120.9M $116.1M
YoY Change 68.69% 170.87% 87.53%
LONG-TERM LIABILITIES
Long-Term Debt $299.0M $298.9M $143.0M
YoY Change 0.05% 13853.69% 6401.5%
Other Long-Term Liabilities $0.00 $354.0K $15.40M
YoY Change -100.0% 32.76%
Total Long-Term Liabilities $299.0M $299.2M $143.0M
YoY Change -0.07% 13870.21% 936.47%
TOTAL LIABILITIES
Total Short-Term Liabilities $203.9M $120.9M $116.1M
Total Long-Term Liabilities $299.0M $299.2M $143.0M
Total Liabilities $642.9M $452.0M $290.0M
YoY Change 42.25% 668.53% 282.56%
SHAREHOLDERS EQUITY
Retained Earnings $246.1M $92.92M $77.04M
YoY Change 164.87% 278.53%
Common Stock $851.0K $674.0K $557.0K
YoY Change 26.26% 21.22%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.050B $1.126B $680.6M
YoY Change
Total Liabilities & Shareholders Equity $2.693B $1.578B $970.6M
YoY Change 70.63% 128.37% 75.39%

Cashflow Statement

Concept 2013 Q4 2012 Q4 2012 Q3
OPERATING ACTIVITIES
Net Income $24.28M $15.88M $502.0K
YoY Change 52.86% -48.72% -98.27%
Depreciation, Depletion And Amortization $37.10M $20.30M $25.38M
YoY Change 82.76% -6.45% 72.21%
Cash From Operating Activities $50.10M $33.30M $66.40M
YoY Change 50.45% -7.76% 17.31%
INVESTING ACTIVITIES
Capital Expenditures -$200.7M -$488.0M -$118.6M
YoY Change -58.87% 471.43% 26.44%
Acquisitions
YoY Change
Other Investing Activities $107.3M $35.40M -$15.00M
YoY Change 203.11% -565.79% 68.54%
Cash From Investing Activities -$93.50M -$452.7M -$133.6M
YoY Change -79.35% 386.77% 29.96%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $427.9M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 406.9M 574.2M 72.90M
YoY Change -29.14% 348.24% 13.55%
NET CHANGE
Cash From Operating Activities 50.10M 33.30M 66.40M
Cash From Investing Activities -93.50M -452.7M -133.6M
Cash From Financing Activities 406.9M 574.2M 72.90M
Net Change In Cash 363.5M 154.8M 5.700M
YoY Change 134.82% 117.42% -68.33%
FREE CASH FLOW
Cash From Operating Activities $50.10M $33.30M $66.40M
Capital Expenditures -$200.7M -$488.0M -$118.6M
Free Cash Flow $250.8M $521.3M $185.0M
YoY Change -51.89% 329.05% 23.01%

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CY2013Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
1462000 USD
CY2011Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
40880000 USD
CY2011Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
6410000 USD
CY2013Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
4408000 USD
CY2012Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
4315000 USD
CY2013Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Alternative Minimum Tax
DeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTax
7968000 USD
CY2012Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Alternative Minimum Tax
DeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTax
1643000 USD
CY2011Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Alternative Minimum Tax
DeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTax
1000000 USD
CY2013Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
DeferredTaxAssetsTaxCreditCarryforwardsForeign
2074000 USD
CY2011Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
DeferredTaxAssetsTaxCreditCarryforwardsForeign
0 USD
CY2012Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
DeferredTaxAssetsTaxCreditCarryforwardsForeign
2074000 USD
CY2013Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
634000 USD
CY2012Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
762000 USD
CY2011Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
520000 USD
CY2013Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
4743000 USD
CY2011Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
12347000 USD
CY2012Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
4629000 USD
CY2011Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
35647000 USD
CY2013Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
127716000 USD
CY2012Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
28126000 USD
CY2011Q4 us-gaap Deferred Tax Liabilities Derivatives
DeferredTaxLiabilitiesDerivatives
10000 USD
CY2012Q4 us-gaap Deferred Tax Liabilities Derivatives
DeferredTaxLiabilitiesDerivatives
0 USD
CY2013Q4 us-gaap Deferred Tax Liabilities Derivatives
DeferredTaxLiabilitiesDerivatives
0 USD
CY2013Q4 us-gaap Deferred Tax Liabilities Gross Noncurrent
DeferredTaxLiabilitiesGrossNoncurrent
114275000 USD
CY2012Q4 us-gaap Deferred Tax Liabilities Gross Noncurrent
DeferredTaxLiabilitiesGrossNoncurrent
18607000 USD
CY2012Q4 us-gaap Deferred Tax Liabilities Investment In Noncontrolled Affiliates
DeferredTaxLiabilitiesInvestmentInNoncontrolledAffiliates
9232000 USD
CY2013Q4 us-gaap Deferred Tax Liabilities Investment In Noncontrolled Affiliates
DeferredTaxLiabilitiesInvestmentInNoncontrolledAffiliates
46495000 USD
CY2011Q4 us-gaap Deferred Tax Liabilities Investment In Noncontrolled Affiliates
DeferredTaxLiabilitiesInvestmentInNoncontrolledAffiliates
0 USD
CY2011Q4 us-gaap Deferred Tax Liabilities Investments
DeferredTaxLiabilitiesInvestments
0 USD
CY2012Q4 us-gaap Deferred Tax Liabilities Investments
DeferredTaxLiabilitiesInvestments
3618000 USD
CY2013Q4 us-gaap Deferred Tax Liabilities Investments
DeferredTaxLiabilitiesInvestments
8799000 USD
CY2012 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
400000 USD
CY2011 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
300000 USD
CY2013 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
600000 USD
CY2013 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
1
CY2013Q4 us-gaap Deposit Assets
DepositAssets
34000 USD
CY2012Q4 us-gaap Deposit Assets
DepositAssets
4000 USD
CY2012 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
90749000 USD
CY2013 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
118880000 USD
CY2011 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
62320000 USD
CY2012Q4 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
664000 USD
CY2013Q4 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
324000 USD
CY2013Q4 us-gaap Derivative Instruments And Hedges Noncurrent
DerivativeInstrumentsAndHedgesNoncurrent
521000 USD
CY2012Q4 us-gaap Derivative Instruments And Hedges Noncurrent
DerivativeInstrumentsAndHedgesNoncurrent
0 USD
CY2013Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
12280000 USD
CY2012Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
10442000 USD
CY2012Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
0 USD
CY2013Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
11366000 USD
CY2012 us-gaap Development Costs
DevelopmentCosts
0 USD
CY2013 us-gaap Development Costs
DevelopmentCosts
0 USD
us-gaap Development Costs
DevelopmentCosts
0 USD
CY2011 us-gaap Development Costs
DevelopmentCosts
0 USD
CY2013Q4 us-gaap Development Costs Cumulative
DevelopmentCostsCumulative
0 USD
CY2012 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
-3465000 USD
CY2011 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
0 USD
CY2013 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
0 USD
CY2012 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves10 Percent Annual Discount For Estimated Timing Of Cash Flows
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves10PercentAnnualDiscountForEstimatedTimingOfCashFlows
96013000 USD
CY2013 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves10 Percent Annual Discount For Estimated Timing Of Cash Flows
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves10PercentAnnualDiscountForEstimatedTimingOfCashFlows
280976000 USD
CY2011 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves10 Percent Annual Discount For Estimated Timing Of Cash Flows
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves10PercentAnnualDiscountForEstimatedTimingOfCashFlows
260788000 USD
CY2012 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Cash Inflows
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureCashInflows
954833000 USD
CY2013 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Cash Inflows
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureCashInflows
1657708000 USD
CY2011 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Cash Inflows
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureCashInflows
1594050000 USD
CY2013 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Development Costs1
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureDevelopmentCosts1
-272500000 USD
CY2012 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Development Costs1
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureDevelopmentCosts1
-159113000 USD
CY2011 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Development Costs1
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureDevelopmentCosts1
-306810000 USD
CY2012 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Income Tax Expense1
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureIncomeTaxExpense1
-114867000 USD
CY2013 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Income Tax Expense1
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureIncomeTaxExpense1
-172691000 USD
CY2011 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Income Tax Expense1
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CY2012 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Net Cash Flows
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureNetCashFlows
444654000 USD
CY2013 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Net Cash Flows
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureNetCashFlows
859442000 USD
CY2011 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Net Cash Flows
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureNetCashFlows
637469000 USD
CY2011 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Production Costs1
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureProductionCosts1
-295383000 USD
CY2013 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Production Costs1
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureProductionCosts1
-274428000 USD
CY2012 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Production Costs1
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureProductionCosts1
-147024000 USD
CY2012 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Standardized Measure
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesStandardizedMeasure
348641000 USD
CY2013 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Standardized Measure
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesStandardizedMeasure
578466000 USD
CY2013Q4 us-gaap Due From Affiliate Current
DueFromAffiliateCurrent
USD
CY2011 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Standardized Measure
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesStandardizedMeasure
376681000 USD
CY2012Q4 us-gaap Due From Affiliate Current
DueFromAffiliateCurrent
0 USD
CY2012Q4 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
34848000 USD
CY2013Q4 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
2617000 USD
CY2012Q4 us-gaap Equity Method Investment Summarized Financial Information Noncurrent Liabilities
EquityMethodInvestmentSummarizedFinancialInformationNoncurrentLiabilities
23521000 USD
CY2013Q4 us-gaap Due To Affiliate Current
DueToAffiliateCurrent
0 USD
CY2012Q4 us-gaap Due To Affiliate Current
DueToAffiliateCurrent
0 USD
CY2012 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.22
CY2011 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.22
CY2013 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.98
CY2013Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.57
CY2013Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.61
CY2012Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.45
CY2013Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.52
CY2012Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.01
CY2012Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.48
CY2013Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.30
CY2012Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.28
CY2013 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.97
CY2011 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.20
CY2012 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.21
CY2013Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.56
CY2012Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.28
CY2012Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.48
CY2013Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.61
CY2013Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.52
CY2012Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.01
CY2012Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.45
CY2013Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.30
CY2013Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
19200000 USD
CY2013 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y7M24D
CY2011 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
870000 USD
CY2013 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
1276000 USD
CY2012 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
820000 USD
CY2013 us-gaap Equity Method Investment Net Sales Proceeds
EquityMethodInvestmentNetSalesProceeds
-192737000 USD
CY2012 us-gaap Equity Method Investment Net Sales Proceeds
EquityMethodInvestmentNetSalesProceeds
0 USD
CY2011 us-gaap Equity Method Investment Net Sales Proceeds
EquityMethodInvestmentNetSalesProceeds
0 USD
CY2013Q4 us-gaap Equity Method Investment Summarized Financial Information Current Assets
EquityMethodInvestmentSummarizedFinancialInformationCurrentAssets
84107000 USD
CY2012Q4 us-gaap Equity Method Investment Summarized Financial Information Current Assets
EquityMethodInvestmentSummarizedFinancialInformationCurrentAssets
68459000 USD
CY2013Q4 us-gaap Equity Method Investment Summarized Financial Information Current Liabilities
EquityMethodInvestmentSummarizedFinancialInformationCurrentLiabilities
112406000 USD
CY2012Q4 us-gaap Equity Method Investment Summarized Financial Information Current Liabilities
EquityMethodInvestmentSummarizedFinancialInformationCurrentLiabilities
74308000 USD
CY2011 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
6375000 USD
CY2013 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
17350000 USD
CY2012 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
1943000 USD
CY2013Q4 us-gaap Equity Method Investment Summarized Financial Information Noncurrent Assets
EquityMethodInvestmentSummarizedFinancialInformationNoncurrentAssets
1107579000 USD
CY2012Q4 us-gaap Equity Method Investment Summarized Financial Information Noncurrent Assets
EquityMethodInvestmentSummarizedFinancialInformationNoncurrentAssets
887884000 USD
CY2013Q4 us-gaap Equity Method Investment Summarized Financial Information Noncurrent Liabilities
EquityMethodInvestmentSummarizedFinancialInformationNoncurrentLiabilities
110095000 USD
CY2012 us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
39918000 USD
CY2011 us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
16955000 USD
CY2013 us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
162401000 USD
CY2013Q4 us-gaap Equity Method Investments
EquityMethodInvestments
440068000 USD
CY2012Q4 us-gaap Equity Method Investments
EquityMethodInvestments
381484000 USD
CY2013Q2 us-gaap Escrow Deposit
EscrowDeposit
-10000000 USD
CY2012 us-gaap Exploration Costs
ExplorationCosts
0 USD
us-gaap Exploration Costs
ExplorationCosts
0 USD
CY2011 us-gaap Exploration Costs
ExplorationCosts
0 USD
CY2013 us-gaap Exploration Costs
ExplorationCosts
0 USD
CY2013Q4 us-gaap Exploration Costs Cumulative
ExplorationCostsCumulative
0 USD
CY2011 us-gaap Extensions Discoveries Additions And Improved Recovery Less Related Costs
ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts
107110000 USD
CY2012 us-gaap Extensions Discoveries Additions And Improved Recovery Less Related Costs
ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts
151654000 USD
CY2013 us-gaap Extensions Discoveries Additions And Improved Recovery Less Related Costs
ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts
130826000 USD
CY2012Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
4476000 USD
CY2013Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
6093000 USD
CY2012 us-gaap Gain Loss On Cash Flow Hedge Ineffectiveness Net
GainLossOnCashFlowHedgeIneffectivenessNet
-144000 USD
CY2013 us-gaap Gain Loss On Cash Flow Hedge Ineffectiveness Net
GainLossOnCashFlowHedgeIneffectivenessNet
-18189000 USD
CY2011 us-gaap Gain Loss On Cash Flow Hedge Ineffectiveness Net
GainLossOnCashFlowHedgeIneffectivenessNet
25000 USD
CY2012 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-5702000 USD
CY2011 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
0 USD
CY2013 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
0 USD
CY2012 us-gaap Gain Loss On Fair Value Hedge Ineffectiveness Net
GainLossOnFairValueHedgeIneffectivenessNet
-100000 USD
CY2013 us-gaap Gain Loss On Fair Value Hedge Ineffectiveness Net
GainLossOnFairValueHedgeIneffectivenessNet
-18200000 USD
CY2011 us-gaap Gain Loss On Sale Of Oil And Gas Property
GainLossOnSaleOfOilAndGasProperty
0 USD
CY2013 us-gaap Gain Loss On Sale Of Oil And Gas Property
GainLossOnSaleOfOilAndGasProperty
-508000 USD
CY2012 us-gaap Gain Loss On Sale Of Oil And Gas Property
GainLossOnSaleOfOilAndGasProperty
7300000 USD
CY2013 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
0 USD
CY2012 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
7300000 USD
CY2011 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
0 USD
CY2012 us-gaap Gas Gathering Transportation Marketing And Processing Costs
GasGatheringTransportationMarketingAndProcessingCosts
443000 USD
CY2013 us-gaap Gas Gathering Transportation Marketing And Processing Costs
GasGatheringTransportationMarketingAndProcessingCosts
11030000 USD
CY2011 us-gaap Gas Gathering Transportation Marketing And Processing Costs
GasGatheringTransportationMarketingAndProcessingCosts
279000 USD
CY2012Q4 us-gaap Gas Imbalance Payable Current And Noncurrent
GasImbalancePayableCurrentAndNoncurrent
400000 USD
CY2013Q4 us-gaap Gas Imbalance Payable Current And Noncurrent
GasImbalancePayableCurrentAndNoncurrent
0 USD
CY2012 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
13808000 USD
CY2011 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8074000 USD
CY2013 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
22519000 USD
CY2011 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
108422000 USD
CY2013 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
153192000 USD
CY2012 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
71836000 USD
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
98199000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
251328000 USD
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
108332000 USD
CY2012 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.28
CY2011 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
2.22
CY2013 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.98
CY2012 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.27
CY2013 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.97
CY2011 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
2.20
CY2011 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2012 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.06
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2012 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.06
CY2011 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2011 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-1418000 USD
CY2012 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
8322000 USD
CY2013 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
213058000 USD
CY2012 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
8322000 USD
CY2011 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-1418000 USD
CY2013 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
212714000 USD
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
98136000 USD
CY2011 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-90000 USD
CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
26363000 USD
CY2012Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
15514000 USD
CY2013Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
21027000 USD
CY2012Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2012Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2013Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
28195000 USD
CY2013Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
25514000 USD
CY2013Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
23400000 USD
CY2012Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10849000 USD
CY2011 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
37916000 USD
CY2013 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
87965000 USD
CY2012 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
34370000 USD
CY2011 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-146000 USD
CY2013 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
0 USD
CY2011 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-42087000 USD
CY2012 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
292000 USD
CY2013 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
874000 USD
CY2011 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
4227000 USD
CY2012 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1493000 USD
CY2013 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
9297000 USD
CY2011 us-gaap Income Taxes Paid
IncomeTaxesPaid
1000 USD
CY2013 us-gaap Income Taxes Paid
IncomeTaxesPaid
2761000 USD
CY2012 us-gaap Income Taxes Paid
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4523000 USD
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179000 USD
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1075000 USD
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:16px;padding-top:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CONTINGENCIES</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:6px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Louisiana Department of Revenue (&#8220;LDR&#8221;) is disputing Gulfport&#8217;s severance tax payments to the State of Louisiana from the sale of oil under fixed price contracts during the years 2005 through 2007. The LDR maintains that Gulfport paid approximately </font><font style="font-family:inherit;font-size:10pt;">$1.8 million</font><font style="font-family:inherit;font-size:10pt;"> less in severance taxes under fixed price terms than the severance taxes Gulfport would have had to pay had it paid severance taxes on the oil at the contracted market rates only. Gulfport has denied any liability to the LDR for underpayment of severance taxes and has maintained that it was entitled to enter into the fixed price contracts with unrelated third parties and pay severance taxes based upon the proceeds received under those contracts. Gulfport has maintained its right to contest any final assessment or suit for collection if brought by the State. On April&#160;20, 2009, the LDR filed a lawsuit in the 15</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">th</sup></font><font style="font-family:inherit;font-size:10pt;"> Judicial District Court, Lafayette Parish, in Louisiana against Gulfport seeking </font><font style="font-family:inherit;font-size:10pt;">$2.3 million</font><font style="font-family:inherit;font-size:10pt;"> in severance taxes, plus interest and court costs. Gulfport filed a response denying any liability to the LDR for underpayment of severance taxes. The LDR had taken no further action on this lawsuit since filing its petition other than propounding discovery requests to which Gulfport has responded. Since serving discovery requests on the LDR and receiving the LDR's responses in 2012, there has been no further activity on the case and no trial date has been set. </font></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In December 2010, the LDR filed </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> identical lawsuits against Gulfport in different venues (the 15th Judicial District Court and the 19th Judicial Court) to recover allegedly underpaid severance taxes on crude oil for the period January&#160;1, 2007 through December&#160;31, 2010, together with a claim for attorney&#8217;s fees. The petitions do not make any specific claim for damages or unpaid taxes. As with the lawsuit filed by the LDR in 2009 discussed in the paragraph above, Gulfport denies all liability and will vigorously defend the lawsuit. The LDR filed motions to stay the lawsuits before Gulfport filed any responsive pleadings. After years of no activity on either of these lawsuits, the LDR recently moved to dismiss one of the identical lawsuits it filed in the 19th Judicial District Court in 2010, amended the petition it filed in the 15th Judicial District Court in 2010 and served discovery requests on Gulfport. The LDR asserts that Gulfport underpaid severance taxes by nearly </font><font style="font-family:inherit;font-size:10pt;">$12 million</font><font style="font-family:inherit;font-size:10pt;"> from 2007 to 2010. The LDR also asserts that Gulfport owes an additional </font><font style="font-family:inherit;font-size:10pt;">$4.4 million</font><font style="font-family:inherit;font-size:10pt;"> and may be subject to additional penalties. In 2013, the LDR asserted that Gulfport owes additional severance taxes in connection with the cash settlements it received to terminate forward sales contracts. The LDR's claims are still in their infancy and there has been no formal discovery. Gulfport maintains that the LDR's claims are not well-grounded in fact or law and intends to aggressively defend the lawsuits. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;"></font><font style="font-family:inherit;font-size:10pt;">On July&#160;30, 2010,&#160;</font><font style="font-family:inherit;font-size:10pt;">six</font><font style="font-family:inherit;font-size:10pt;">&#160;individuals and&#160;</font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;">&#160;limited liability company sued&#160;</font><font style="font-family:inherit;font-size:10pt;">15</font><font style="font-family:inherit;font-size:10pt;">&#160;oil and gas companies in Cameron Parish Louisiana for surface contamination in areas where the defendants operated in an action entitled&#160;Reeds et al. v. BP American Production Company et al.,38th Judicial District. No.&#160;10-18714. The plaintiffs&#8217; original petition for damages, which did not name Gulfport as a defendant, alleges that the plaintiffs&#8217; property located in Cameron Parish, Louisiana within the Hackberry oil field is contaminated as a result of historic oil and gas exploration and production activities. The plaintiffs allege that the defendants conducted, directed and participated in various oil and gas exploration and production activities on their property which allegedly have contaminated or otherwise caused damage to the property, and have sued the defendants for alleged breaches of oil, gas and mineral leases, as well as for alleged negligence, trespass, failure to warn, strict liability, punitive damages, lease liability, contract liability, unjust enrichment, restoration damages, assessment and response costs and stigma damages.&#160;On December&#160;7, 2010, Gulfport was served with a copy of the plaintiffs&#8217; first supplemental and amending petition which added&#160;</font><font style="font-family:inherit;font-size:10pt;">four</font><font style="font-family:inherit;font-size:10pt;">&#160;additional plaintiffs and&#160;</font><font style="font-family:inherit;font-size:10pt;">six</font><font style="font-family:inherit;font-size:10pt;">&#160;additional defendants, including Gulfport, bringing the total number of defendants to&#160;</font><font style="font-family:inherit;font-size:10pt;">21</font><font style="font-family:inherit;font-size:10pt;">.&#160;It also increased the total acreage at issue in this litigation from&#160;</font><font style="font-family:inherit;font-size:10pt;">240</font><font style="font-family:inherit;font-size:10pt;"> acres to approximately&#160;</font><font style="font-family:inherit;font-size:10pt;">1,700</font><font style="font-family:inherit;font-size:10pt;">&#160;acres.&#160;In addition to the damages sought in the original petition, the plaintiffs now also seek: damages sufficient to cover the cost of conducting a comprehensive environmental assessment of all present and yet unidentified pollution and contamination of their property; the cost to restore the property to its pre-polluted original condition; damages for mental anguish and annoyance, discomfort and inconvenience caused by the nuisance created by defendants; land loss and subsidence damages and the cost of backfilling canals and other excavations; damages for loss of use of land and lost profits and income; attorney fees and expenses and damages for evaluation and remediation of any contamination that threatens groundwater.&#160;In addition to Gulfport, current defendants include ExxonMobil Oil Corporation, Mobil Exploration&#160;&amp; Producing North America Inc., Chevron U.S.A. Inc., The Superior Oil Company, Union Oil Company of California, BP America Production Company, Tempest Oil Company, Inc., ConocoPhillips Company, Continental Oil Company, WM. T. Burton Industries, Inc., Freeport Sulphur Company, Eagle Petroleum Company, U.S. Oil of Louisiana, M&amp;S Oil Company, and Empire Land Corporation, Inc. of Delaware. On January&#160;21, 2011, Gulfport filed a pleading challenging the legal sufficiency of the petitions on several grounds and requesting that they either be dismissed or that plaintiffs be required to amend such petitions.&#160;In response to the pleadings filed by Gulfport and similar pleadings filed by other defendants, the plaintiffs filed a third amending petition with exhibits which expands the description of the property at issue, attaches numerous aerial photos and identifies the mineral leases at issue. In response, Gulfport and numerous defendants re-urged their pleadings challenging the legal sufficiency of the petitions. Some of the defendants&#8217; grounds for challenging the plaintiffs&#8217; petitions were heard by the court on May&#160;25, 2011 and were denied. The court signed the written judgment on December&#160;9, 2011. Gulfport noticed its intent to seek supervisory review on December&#160;19, 2011 and the trial court fixed a return date of January&#160;11, 2012 for the filing of the writ application. Gulfport filed its supervisory writ, which was denied by the Louisiana Third Circuit Court of Appeal and the Louisiana Supreme Court. The parties engaged in a non-binding mediation in July 2013 and discussion are on-going. At this time, the parties are continuing to conduct discovery. The trial date has been continued to July 2014. </font></div><div style="line-height:120%;padding-bottom:16px;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Due to the early stages of the LDR and Reed litigation, the outcome is uncertain and management cannot determine the amount of loss, if any, that may result. In each case, management has determined the possibility of loss is remote. However, litigation is inherently uncertain. Adverse decisions in one or more of the above matters could have a material adverse effect on the Company&#8217;s financial condition or results of operations and management cannot determine the amount of loss, if any, that may result.</font></div><div style="line-height:120%;padding-bottom:16px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has been named as a defendant in various other lawsuits related to its business. In each such case, management has determined that the possibility of loss is remote. The resolution of these matters is not expected to have a material adverse effect on the Company's financial condition or results of operations in future periods.</font></div><div style="line-height:120%;padding-top:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Concentration of Credit Risk</font></div><div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Gulfport operates in the oil and gas industry principally in the state of Louisiana with sales to refineries, re-sellers such as pipeline companies, and local distribution companies. While certain of these customers are affected by periodic downturns in the economy in general or in their specific segment of the oil and gas industry, Gulfport believes that its level of credit-related losses due to such economic fluctuations has been immaterial and will continue to be immaterial to the Company&#8217;s results of operations in the long term.</font></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company maintains cash balances at several banks. Accounts at each institution are insured by the Federal Deposit Insurance Corporation up to </font><font style="font-family:inherit;font-size:10pt;">$250,000</font><font style="font-family:inherit;font-size:10pt;">. At </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2013</font><font style="font-family:inherit;font-size:10pt;">, Gulfport held cash in excess of insured limits in these banks totaling </font><font style="font-family:inherit;font-size:10pt;">$457.7 million</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">During the year ended </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2013</font><font style="font-family:inherit;font-size:10pt;">, Gulfport sold approximately </font><font style="font-family:inherit;font-size:10pt;">99%</font><font style="font-family:inherit;font-size:10pt;"> of its oil production to Shell Trading Company (&#8220;Shell&#8221;), </font><font style="font-family:inherit;font-size:10pt;">100%</font><font style="font-family:inherit;font-size:10pt;"> of its natural gas liquids production to Markwest Utica and </font><font style="font-family:inherit;font-size:10pt;">32%</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">31%</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">17%</font><font style="font-family:inherit;font-size:10pt;"> of its natural gas production to Sequent Energy Management, L.P., Hess and Interstate Gas Supply, Inc., respectively. During the year ended </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2012</font><font style="font-family:inherit;font-size:10pt;">, Gulfport sold approximately </font><font style="font-family:inherit;font-size:10pt;">92%</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">8%</font><font style="font-family:inherit;font-size:10pt;"> of its oil production to Shell and Diamondback O&amp;G, respectively, </font><font style="font-family:inherit;font-size:10pt;">91%</font><font style="font-family:inherit;font-size:10pt;"> of its natural gas liquids production to Diamondback O&amp;G, and </font><font style="font-family:inherit;font-size:10pt;">41%</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">18%</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">16%</font><font style="font-family:inherit;font-size:10pt;"> of its natural gas production to Noble Americas Gas, Hess and Chevron, respectively. During the year ended </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2011</font><font style="font-family:inherit;font-size:10pt;">, Gulfport sold approximately </font><font style="font-family:inherit;font-size:10pt;">93%</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">7%</font><font style="font-family:inherit;font-size:10pt;"> of its oil production to Shell and Diamondback O&amp;G, respectively, </font><font style="font-family:inherit;font-size:10pt;">100%</font><font style="font-family:inherit;font-size:10pt;"> of its natural gas liquids production to Diamondback O&amp;G and </font><font style="font-family:inherit;font-size:10pt;">50%</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">27%</font><font style="font-family:inherit;font-size:10pt;">, and </font><font style="font-family:inherit;font-size:10pt;">22%</font><font style="font-family:inherit;font-size:10pt;"> of its natural gas production to Hilcorp Energy Company, Chevron, and Diamondback O&amp;G, respectively.</font></div></div>
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OperatingIncomeLoss
97263000 USD
CY2012Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
25875000 USD
CY2013Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
2926000 USD
CY2013Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
22456000 USD
CY2013 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
213000 USD
CY2011 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
52000 USD
CY2012 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
132000 USD
CY2013 us-gaap Operating Leases Rent Expense Sublease Rentals1
OperatingLeasesRentExpenseSubleaseRentals1
45000 USD
CY2012 us-gaap Operating Leases Rent Expense Sublease Rentals1
OperatingLeasesRentExpenseSubleaseRentals1
7000 USD
CY2011 us-gaap Operating Leases Rent Expense Sublease Rentals1
OperatingLeasesRentExpenseSubleaseRentals1
0 USD
CY2013 us-gaap Origination Of Notes Receivable From Related Parties
OriginationOfNotesReceivableFromRelatedParties
875000 USD
CY2012 us-gaap Origination Of Notes Receivable From Related Parties
OriginationOfNotesReceivableFromRelatedParties
0 USD
CY2011 us-gaap Origination Of Notes Receivable From Related Parties
OriginationOfNotesReceivableFromRelatedParties
3182000 USD
CY2013Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
17851000 USD
CY2012Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
13295000 USD
CY2013 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-12223000 USD
CY2011 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-1865000 USD
CY2012 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
1355000 USD
CY2013 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-9100000 USD
CY2011 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
4431000 USD
CY2012 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-6092000 USD
CY2012 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
500000 USD
CY2013Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
0 USD
CY2012Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
354000 USD
CY2011 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
301000 USD
CY2012 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
325000 USD
CY2011 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
-4720000 USD
CY2012 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
-1517000 USD
CY2013 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-10290000 USD
CY2011 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-4720000 USD
CY2012 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-1005000 USD
CY2013 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
-500000 USD
CY2011 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
0 USD
CY2012 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-8452000 USD
CY2011 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
1576000 USD
CY2013 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-4419000 USD
CY2012 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
-4300000 USD
CY2013 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
4300000 USD
CY2011 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
0 USD
CY2013 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
528000 USD
CY2012 us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
9175000 USD
CY2013 us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
1283000 USD
CY2011 us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
981000 USD
CY2012 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
147307000 USD
CY2011 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
34621000 USD
CY2013 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
47014000 USD
CY2011 us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
287292000 USD
CY2013 us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
808183000 USD
CY2012 us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
757192000 USD
CY2012 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
638000 USD
CY2013 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
2322000 USD
CY2011 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
415000 USD
CY2013 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.12
CY2012 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.12
CY2013Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2012Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2013Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2012Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2013Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2012Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2013Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2012Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2012Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2013Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2013Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
2581000 USD
CY2012Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1506000 USD
CY2012 us-gaap Previously Estimated Development Costs Incurred During Period
PreviouslyEstimatedDevelopmentCostsIncurredDuringPeriod
-10211000 USD
CY2012 us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
63590000 USD
CY2013 us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
0 USD
CY2011 us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
1384000 USD
CY2012 us-gaap Proceeds From Sale Of Other Property Plant And Equipment
ProceedsFromSaleOfOtherPropertyPlantAndEquipment
140000 USD
CY2011 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
307154000 USD
CY2011 us-gaap Previously Estimated Development Costs Incurred During Period
PreviouslyEstimatedDevelopmentCostsIncurredDuringPeriod
-41193000 USD
CY2013 us-gaap Previously Estimated Development Costs Incurred During Period
PreviouslyEstimatedDevelopmentCostsIncurredDuringPeriod
-43478000 USD
CY2013 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Reclassification</font></div><div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain reclassifications have been made to prior period financial statements to conform to current period presentation.</font></div></div>
CY2012 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
427091000 USD
CY2013 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
766495000 USD
CY2011 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
CY2012 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
296835000 USD
CY2013 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
CY2013 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
USD
CY2012 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
158500000 USD
CY2011 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
48000000 USD
CY2011 us-gaap Proceeds From Sale Of Other Property Plant And Equipment
ProceedsFromSaleOfOtherPropertyPlantAndEquipment
0 USD
CY2013 us-gaap Proceeds From Sale Of Other Property Plant And Equipment
ProceedsFromSaleOfOtherPropertyPlantAndEquipment
113000 USD
CY2012Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1619752000 USD
CY2013Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2488309000 USD
CY2013Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1703592000 USD
CY2012Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
953868000 USD
CY2013Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
11131000 USD
CY2012Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
8662000 USD
CY2013 us-gaap Repayments Of Debt
RepaymentsOfDebt
149000 USD
CY2011 us-gaap Repayments Of Debt
RepaymentsOfDebt
97634000 USD
CY2012 us-gaap Repayments Of Debt
RepaymentsOfDebt
158639000 USD
CY2013 us-gaap Results Of Operations Depreciation Depletion And Amortization And Valuation Provisions
ResultsOfOperationsDepreciationDepletionAndAmortizationAndValuationProvisions
118118000 USD
CY2013 us-gaap Results Of Operations Income Tax Expense
ResultsOfOperationsIncomeTaxExpense
49447000 USD
CY2013 us-gaap Results Of Operations Oil And Gas Producing Activities Net Income Excluding Corporate Overhead And Interest Costs
ResultsOfOperationsOilAndGasProducingActivitiesNetIncomeExcludingCorporateOverheadAndInterestCosts
29994000 USD
CY2011 us-gaap Results Of Operations Depreciation Depletion And Amortization And Valuation Provisions
ResultsOfOperationsDepreciationDepletionAndAmortizationAndValuationProvisions
61965000 USD
CY2012 us-gaap Results Of Operations Depreciation Depletion And Amortization And Valuation Provisions
ResultsOfOperationsDepreciationDepletionAndAmortizationAndValuationProvisions
90230000 USD
CY2011 us-gaap Results Of Operations Income Before Income Taxes
ResultsOfOperationsIncomeBeforeIncomeTaxes
119758000 USD
CY2013 us-gaap Results Of Operations Income Before Income Taxes
ResultsOfOperationsIncomeBeforeIncomeTaxes
79441000 USD
CY2012 us-gaap Results Of Operations Income Before Income Taxes
ResultsOfOperationsIncomeBeforeIncomeTaxes
104663000 USD
CY2012 us-gaap Results Of Operations Income Tax Expense
ResultsOfOperationsIncomeTaxExpense
26363000 USD
CY2011 us-gaap Results Of Operations Income Tax Expense
ResultsOfOperationsIncomeTaxExpense
-90000 USD
CY2012 us-gaap Results Of Operations Oil And Gas Producing Activities Net Income Excluding Corporate Overhead And Interest Costs
ResultsOfOperationsOilAndGasProducingActivitiesNetIncomeExcludingCorporateOverheadAndInterestCosts
78300000 USD
CY2011 us-gaap Results Of Operations Oil And Gas Producing Activities Net Income Excluding Corporate Overhead And Interest Costs
ResultsOfOperationsOilAndGasProducingActivitiesNetIncomeExcludingCorporateOverheadAndInterestCosts
119848000 USD
CY2013 us-gaap Results Of Operations Production Or Lifting Costs
ResultsOfOperationsProductionOrLiftingCosts
64666000 USD
CY2011 us-gaap Results Of Operations Production Or Lifting Costs
ResultsOfOperationsProductionOrLiftingCosts
47230000 USD
CY2012 us-gaap Results Of Operations Production Or Lifting Costs
ResultsOfOperationsProductionOrLiftingCosts
53708000 USD
CY2011 us-gaap Results Of Operations Revenue From Oil And Gas Producing Activities
ResultsOfOperationsRevenueFromOilAndGasProducingActivities
228953000 USD
CY2013 us-gaap Results Of Operations Revenue From Oil And Gas Producing Activities
ResultsOfOperationsRevenueFromOilAndGasProducingActivities
262225000 USD
CY2012 us-gaap Results Of Operations Revenue From Oil And Gas Producing Activities
ResultsOfOperationsRevenueFromOilAndGasProducingActivities
248601000 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
246110000 USD
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
92918000 USD
CY2012 us-gaap Revenues
Revenues
248926000 USD
CY2011 us-gaap Revenues
Revenues
229254000 USD
CY2013 us-gaap Revenues
Revenues
262753000 USD
CY2013Q1 us-gaap Revenues
Revenues
55000000 USD
CY2012Q3 us-gaap Revenues
Revenues
60537000 USD
CY2012Q2 us-gaap Revenues
Revenues
66325000 USD
CY2012Q4 us-gaap Revenues
Revenues
56603000 USD
CY2013Q4 us-gaap Revenues
Revenues
68067000 USD
CY2012Q1 us-gaap Revenues
Revenues
65461000 USD
CY2013Q2 us-gaap Revenues
Revenues
70434000 USD
CY2013Q3 us-gaap Revenues
Revenues
69252000 USD
CY2011 us-gaap Revisions Of Previous Quantity Estimates
RevisionsOfPreviousQuantityEstimates
-112553000 USD
CY2013 us-gaap Revisions Of Previous Quantity Estimates
RevisionsOfPreviousQuantityEstimates
-3591000 USD
CY2012 us-gaap Revisions Of Previous Quantity Estimates
RevisionsOfPreviousQuantityEstimates
-10504000 USD
CY2013 us-gaap Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts
197559000 USD
CY2011 us-gaap Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts
181723000 USD
CY2012 us-gaap Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts
194893000 USD
CY2013 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
765095000 USD
CY2011 us-gaap Share Based Compensation
ShareBasedCompensation
772000 USD
CY2013 us-gaap Share Based Compensation
ShareBasedCompensation
6297000 USD
CY2012 us-gaap Share Based Compensation
ShareBasedCompensation
2813000 USD
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
210241 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
3.50
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
4797000 USD
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
2308000 USD
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
628000 USD
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
0 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
0 shares
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
0 shares
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
0.00
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
0.00
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
0.00
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
0 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
0 shares
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
0 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.00
CY2011 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
306161000 USD
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.00
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.00
CY2010Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
6621000 USD
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
10678000 USD
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
12538000 USD
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
8172000 USD
CY2010Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
458241 shares
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
356241 shares
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
335241 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
210241 shares
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
6.37
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
6.51
CY2010Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
7.23
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
3.50
CY2011 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
9.74
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
8.80
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
11.20
CY2013Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
210241 shares
CY2013Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
210241 shares
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
P10Y
CY2013Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
12538000 USD
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P1Y0M26D
CY2011 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y4M28D
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P2Y4M21D
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P1Y0M26D
CY2010 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y5M23D
CY2012 us-gaap Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Period Increase Decrease
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease
-28040000 USD
CY2013 us-gaap Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Period Increase Decrease
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease
229825000 USD
CY2011 us-gaap Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Period Increase Decrease
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease
61194000 USD
CY2013 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
125000 shares
CY2011 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
102000 shares
CY2012 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
21000 shares
CY2012 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
426907000 USD
CY2012 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 USD
CY2013 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 USD
CY2011 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 USD
CY2012 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
184000 USD
CY2013 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1400000 USD
CY2011 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
993000 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
1126408000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
2050238000 USD
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
632350000 USD
CY2010Q4 us-gaap Stockholders Equity
StockholdersEquity
211056000 USD
CY2013 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
26933000 USD
CY2011 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
26054000 USD
CY2012 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
28957000 USD
CY2012Q4 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
30000 shares
CY2013Q4 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
30000 shares
CY2012Q4 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
9388000 USD
CY2013Q4 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
9341000 USD
CY2013 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates</font></div><div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates, judgments and assumptions that affect the reported amounts of assets and liabilities as of the date of the financial statements and revenues and expenses during the reporting period. Actual results could differ materially from those estimates. Significant estimates with regard to these financial statements include the estimate of proved oil and gas reserve quantities and the related present value of estimated future net cash flows there from, the amount and timing of asset retirement obligations, the realization of deferred tax assets and the realization of future net operating loss carryforwards available as reductions of income tax expense. The estimate of the Company&#8217;s oil and gas reserves is used to compute depletion, depreciation, amortization and impairment of oil and gas properties.</font></div></div>
CY2012 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
484134 shares
CY2013 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
485963 shares
CY2011 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
452123 shares
CY2011 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
49206963 shares
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
56417488 shares
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
77861646 shares
CY2011 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
48754840 shares
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
77375683 shares
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
55933354 shares
CY2013 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
0 USD
CY2012 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
1143000 USD
CY2011 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
0 USD
CY2013 gpor Accounts Receivable Collection Period
AccountsReceivableCollectionPeriod
P30D
CY2011Q1 gpor Affiliates Participation In Acquisition Ratio
AffiliatesParticipationInAcquisitionRatio
0.5
CY2013 gpor Capitalized General And Administrative Costs
CapitalizedGeneralAndAdministrativeCosts
14900000 USD
CY2011 gpor Capitalized General And Administrative Costs
CapitalizedGeneralAndAdministrativeCosts
5400000 USD
CY2012 gpor Capitalized General And Administrative Costs
CapitalizedGeneralAndAdministrativeCosts
9100000 USD
CY2013 gpor Capitalized Stock Based Compensation
CapitalizedStockBasedCompensation
4198000 USD
CY2011 gpor Capitalized Stock Based Compensation
CapitalizedStockBasedCompensation
515000 USD
CY2012 gpor Capitalized Stock Based Compensation
CapitalizedStockBasedCompensation
1875000 USD
CY2012Q4 gpor Certificates Of Deposit Securing Letter Of Credit
CertificatesOfDepositSecuringLetterOfCredit
275000 USD
CY2013Q4 gpor Certificates Of Deposit Securing Letter Of Credit
CertificatesOfDepositSecuringLetterOfCredit
275000 USD
CY2012 gpor Change In Production Rates And Other
ChangeInProductionRatesAndOther
58165000 USD
CY2011 gpor Change In Production Rates And Other
ChangeInProductionRatesAndOther
76149000 USD
CY2013 gpor Change In Production Rates And Other
ChangeInProductionRatesAndOther
186473000 USD
CY2012Q1 gpor Class Of Warrant Or Right Expired
ClassOfWarrantOrRightExpired
8875 shares
CY2013 gpor Conversion Ratio Gas To Barrels Of Oil
ConversionRatioGasToBarrelsOfOil
6
CY2013 gpor Costs Incurred Recompletions Of Oil And Gas Properties
CostsIncurredRecompletionsOfOilAndGasProperties
44633000 USD
CY2012 gpor Costs Incurred Recompletions Of Oil And Gas Properties
CostsIncurredRecompletionsOfOilAndGasProperties
24643000 USD
CY2011 gpor Costs Incurred Recompletions Of Oil And Gas Properties
CostsIncurredRecompletionsOfOilAndGasProperties
17259000 USD
CY2012Q4 gpor Cumulative Capitalization Of General And Administrative Costs Incurred And Capitalized To Full Cost Pool
CumulativeCapitalizationOfGeneralAndAdministrativeCostsIncurredAndCapitalizedToFullCostPool
32600000 USD
CY2013Q4 gpor Cumulative Capitalization Of General And Administrative Costs Incurred And Capitalized To Full Cost Pool
CumulativeCapitalizationOfGeneralAndAdministrativeCostsIncurredAndCapitalizedToFullCostPool
47500000 USD
CY2013Q3 gpor Debt Instrument Covenant Compliance Earnings Before Income Tax Depreciation Depletion Amortization And Exploration Expenses Ratio
DebtInstrumentCovenantComplianceEarningsBeforeIncomeTaxDepreciationDepletionAmortizationAndExplorationExpensesRatio
3.00
CY2013Q3 gpor Debt Instrument Covenant Compliance Reasonable Transaction Expense Ratio
DebtInstrumentCovenantComplianceReasonableTransactionExpenseRatio
2.00
CY2013 gpor Debt Instrument Increase Decrease Accrued Interest
DebtInstrumentIncreaseDecreaseAccruedInterest
-969000 USD
CY2012 gpor Debt Instrument Increase Decrease Accrued Interest
DebtInstrumentIncreaseDecreaseAccruedInterest
4155000 USD
CY2011 gpor Debt Instrument Increase Decrease Accrued Interest
DebtInstrumentIncreaseDecreaseAccruedInterest
-132000 USD
CY2013 gpor Deferred Income Tax Expense Benefit Including Discontinued Operations
DeferredIncomeTaxExpenseBenefitIncludingDiscontinuedOperations
84951000 USD
CY2012 gpor Deferred Income Tax Expense Benefit Including Discontinued Operations
DeferredIncomeTaxExpenseBenefitIncludingDiscontinuedOperations
24120000 USD
CY2011 gpor Deferred Income Tax Expense Benefit Including Discontinued Operations
DeferredIncomeTaxExpenseBenefitIncludingDiscontinuedOperations
-372000 USD
CY2012Q4 gpor Deferred Tax Assets Investment In Noncontrolled Affiliates
DeferredTaxAssetsInvestmentInNoncontrolledAffiliates
0 USD
CY2011Q4 gpor Deferred Tax Assets Investment In Noncontrolled Affiliates
DeferredTaxAssetsInvestmentInNoncontrolledAffiliates
78000 USD
CY2013Q4 gpor Deferred Tax Assets Investment In Noncontrolled Affiliates
DeferredTaxAssetsInvestmentInNoncontrolledAffiliates
0 USD
CY2011Q4 gpor Deferred Tax Assets Non Oil And Gas Property Basis Difference
DeferredTaxAssetsNonOilAndGasPropertyBasisDifference
103000 USD
CY2013Q4 gpor Deferred Tax Assets Non Oil And Gas Property Basis Difference
DeferredTaxAssetsNonOilAndGasPropertyBasisDifference
0 USD
CY2012Q4 gpor Deferred Tax Assets Non Oil And Gas Property Basis Difference
DeferredTaxAssetsNonOilAndGasPropertyBasisDifference
0 USD
CY2013Q4 gpor Deferred Tax Liabilities Non Oil And Gass Property Basis Difference
DeferredTaxLiabilitiesNonOilAndGassPropertyBasisDifference
249000 USD
CY2011Q4 gpor Deferred Tax Liabilities Non Oil And Gass Property Basis Difference
DeferredTaxLiabilitiesNonOilAndGassPropertyBasisDifference
0 USD
CY2012Q4 gpor Deferred Tax Liabilities Non Oil And Gass Property Basis Difference
DeferredTaxLiabilitiesNonOilAndGassPropertyBasisDifference
227000 USD
CY2011Q4 gpor Deferred Tax Liability Oil And Gas Property Basis Difference
DeferredTaxLiabilityOilAndGasPropertyBasisDifference
35637000 USD
CY2013Q4 gpor Deferred Tax Liability Oil And Gas Property Basis Difference
DeferredTaxLiabilityOilAndGasPropertyBasisDifference
72173000 USD
CY2011 gpor Gas Sales
GasSales
3838000 USD
CY2012Q4 gpor Deferred Tax Liability Oil And Gas Property Basis Difference
DeferredTaxLiabilityOilAndGasPropertyBasisDifference
15049000 USD
CY2011 gpor Depletion Per Barrel Of Oil Equivalent
DepletionPerBarrelOfOilEquivalent
26.56 USD
CY2012 gpor Depletion Per Barrel Of Oil Equivalent
DepletionPerBarrelOfOilEquivalent
35.07 USD
CY2013 gpor Depletion Per Barrel Of Oil Equivalent
DepletionPerBarrelOfOilEquivalent
28.68 USD
CY2013Q4 gpor Derivative Receivable
DerivativeReceivable
4493000 USD
CY2012Q4 gpor Derivative Receivable
DerivativeReceivable
0 USD
CY2012 gpor Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Production Taxes
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureProductionTaxes
89175000 USD
CY2011 gpor Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Production Taxes
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureProductionTaxes
124739000 USD
CY2013 gpor Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Production Taxes
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureProductionTaxes
78647000 USD
CY2012Q4 gpor Employment Agreement Notice Period Allowed For Termination
EmploymentAgreementNoticePeriodAllowedForTermination
P90D
CY2012Q4 gpor Employment Agreement Subsequent Extension
EmploymentAgreementSubsequentExtension
P1Y
CY2012Q4 gpor Employment Agreement Term
EmploymentAgreementTerm
P3Y
CY2012 gpor Foreign Currency Translation Gain Loss On Investment In Equity Method Investment
ForeignCurrencyTranslationGainLossOnInvestmentInEquityMethodInvestment
1355000 USD
CY2011 gpor Foreign Currency Translation Gain Loss On Investment In Equity Method Investment
ForeignCurrencyTranslationGainLossOnInvestmentInEquityMethodInvestment
-855000 USD
CY2013 gpor Foreign Currency Translation Gain Loss On Investment In Equity Method Investment
ForeignCurrencyTranslationGainLossOnInvestmentInEquityMethodInvestment
-12223000 USD
CY2013 gpor Foreign Currency Translation Gain Loss On Note Receivable Related Party
ForeignCurrencyTranslationGainLossOnNoteReceivableRelatedParty
0 USD
CY2011 gpor Foreign Currency Translation Gain Loss On Note Receivable Related Party
ForeignCurrencyTranslationGainLossOnNoteReceivableRelatedParty
-1085000 USD
CY2012 gpor Foreign Currency Translation Gain Loss On Note Receivable Related Party
ForeignCurrencyTranslationGainLossOnNoteReceivableRelatedParty
0 USD
CY2012 gpor Future Development Costs Estimated To Be Spent In Year One
FutureDevelopmentCostsEstimatedToBeSpentInYearOne
135400000 USD
CY2012 gpor Future Development Costs Estimated To Be Spent In Year Three
FutureDevelopmentCostsEstimatedToBeSpentInYearThree
8500000 USD
CY2012 gpor Future Development Costs Estimated To Be Spent In Year Two
FutureDevelopmentCostsEstimatedToBeSpentInYearTwo
68700000 USD
CY2013 gpor Gas And Oil Area Reserve
GasAndOilAreaReserve
243000 acre
CY2013 gpor Gas Sales
GasSales
21015000 USD
CY2012 gpor Gas Sales
GasSales
3225000 USD
CY2012 gpor Increase Decrease In Asset Retirement Obligation
IncreaseDecreaseInAssetRetirementObligation
-2271000 USD
CY2011 gpor Increase Decrease In Asset Retirement Obligation
IncreaseDecreaseInAssetRetirementObligation
-248000 USD
CY2013 gpor Increase Decrease In Asset Retirement Obligation
IncreaseDecreaseInAssetRetirementObligation
-2465000 USD
CY2011 gpor Interest Cost Capitalized Not Subjectto Amortization
InterestCostCapitalizedNotSubjecttoAmortization
0 USD
CY2013 gpor Interest Cost Capitalized Not Subjectto Amortization
InterestCostCapitalizedNotSubjecttoAmortization
5980000 USD
gpor Interest Cost Capitalized Not Subjectto Amortization
InterestCostCapitalizedNotSubjecttoAmortization
0 USD
CY2012 gpor Interest Cost Capitalized Not Subjectto Amortization
InterestCostCapitalizedNotSubjecttoAmortization
0 USD
CY2013 gpor Interest Cost Capitalized Undeveloped Properties
InterestCostCapitalizedUndevelopedProperties
7132000 USD
CY2013 gpor Interest Expense Debt Other
InterestExpenseDebtOther
11000 USD
CY2011 gpor Interest Expense Debt Other
InterestExpenseDebtOther
29000 USD
CY2012 gpor Interest Expense Debt Other
InterestExpenseDebtOther
57000 USD
CY2013 gpor Interest Income Note Receivable
InterestIncomeNoteReceivable
26000 USD
CY2011 gpor Interest Income Note Receivable
InterestIncomeNoteReceivable
147000 USD
CY2012 gpor Interest Income Note Receivable
InterestIncomeNoteReceivable
2000 USD
CY2013 gpor Natural Gas Liquids Sales
NaturalGasLiquidsSales
17081000 USD
CY2011 gpor Natural Gas Liquids Sales
NaturalGasLiquidsSales
3090000 USD
CY2012 gpor Natural Gas Liquids Sales
NaturalGasLiquidsSales
2668000 USD
CY2013 gpor Net Changes In Prices Production Costs And Development
NetChangesInPricesProductionCostsAndDevelopment
65573000 USD
CY2011 gpor Net Changes In Prices Production Costs And Development
NetChangesInPricesProductionCostsAndDevelopment
136071000 USD
CY2012 gpor Net Changes In Prices Production Costs And Development
NetChangesInPricesProductionCostsAndDevelopment
108941000 USD
CY2011 gpor Oil And Condensate Sales
OilAndCondensateSales
222025000 USD
CY2012 gpor Oil And Condensate Sales
OilAndCondensateSales
242708000 USD
CY2012 gpor Oil And Gas Property Full Cost Method Gross Period Decrease
OilAndGasPropertyFullCostMethodGrossPeriodDecrease
213000000 USD
CY2013Q4 gpor Other Assets Other
OtherAssetsOther
77000 USD
CY2013 gpor Number Of Financial Institutions
NumberOfFinancialInstitutions
4 financial_institution
CY2012 gpor Number Of Financial Institutions
NumberOfFinancialInstitutions
4 financial_institution
CY2013 gpor Number Of Purchasers
NumberOfPurchasers
1 purchaser
CY2013 gpor Oil And Condensate Sales
OilAndCondensateSales
224129000 USD
CY2012Q4 gpor Other Assets Other
OtherAssetsOther
USD
CY2013Q4 gpor Plugging And Abandonment Escrow Account
PluggingAndAbandonmentEscrowAccount
3105000 USD
CY2012Q4 gpor Plugging And Abandonment Escrow Account
PluggingAndAbandonmentEscrowAccount
3113000 USD
CY2012Q4 gpor Prepaid Drilling Costs
PrepaidDrillingCosts
515000 USD
CY2013Q4 gpor Prepaid Drilling Costs
PrepaidDrillingCosts
526000 USD
CY2013 gpor Production Delivered Under Fixed Price Swaps Percentage
ProductionDeliveredUnderFixedPriceSwapsPercentage
0.48
CY2013 gpor Proved Developed And Undeveloped Reserve Increase Decrease In Reserves
ProvedDevelopedAndUndevelopedReserveIncreaseDecreaseInReserves
27805000 MBoe
CY2012 gpor Proved Developed And Undeveloped Reserve Increase Decrease In Reserves
ProvedDevelopedAndUndevelopedReserveIncreaseDecreaseInReserves
6675000 MBoe
CY2012 gpor Proved Developed And Undeveloped Reserve Revisions Of Previous Estimates
ProvedDevelopedAndUndevelopedReserveRevisionsOfPreviousEstimates
442000 MBoe
CY2011 gpor Results Of Operations Income Tax Expense Current
ResultsOfOperationsIncomeTaxExpenseCurrent
282000 USD
CY2013 gpor Results Of Operations Income Tax Expense Current
ResultsOfOperationsIncomeTaxExpenseCurrent
0 USD
CY2012 gpor Results Of Operations Income Tax Expense Current
ResultsOfOperationsIncomeTaxExpenseCurrent
730000 USD
CY2012 gpor Results Of Operations Income Tax Expense Deferred
ResultsOfOperationsIncomeTaxExpenseDeferred
25633000 USD
CY2013 gpor Results Of Operations Income Tax Expense Deferred
ResultsOfOperationsIncomeTaxExpenseDeferred
49447000 USD
CY2011 gpor Results Of Operations Income Tax Expense Deferred
ResultsOfOperationsIncomeTaxExpenseDeferred
-372000 USD
CY2011Q1 gpor Right Of Refusal Period Allowed
RightOfRefusalPeriodAllowed
P6M
CY2013Q4 gpor Sales Commitment Volume
SalesCommitmentVolume
183000
CY2012 gpor Total Costs Incurred In Oil And Gas Properties Acquisition And Development Activities
TotalCostsIncurredInOilAndGasPropertiesAcquisitionAndDevelopmentActivities
755926000 USD
CY2011 gpor Total Costs Incurred In Oil And Gas Properties Acquisition And Development Activities
TotalCostsIncurredInOilAndGasPropertiesAcquisitionAndDevelopmentActivities
265654000 USD
CY2013 gpor Total Costs Incurred In Oil And Gas Properties Acquisition And Development Activities
TotalCostsIncurredInOilAndGasPropertiesAcquisitionAndDevelopmentActivities
820637000 USD
CY2012Q4 gpor Total Other Assets
TotalOtherAssets
394779000 USD
CY2013Q4 gpor Total Other Assets
TotalOtherAssets
458440000 USD
CY2013 gpor Write Off Of Loan Commitment Fees
WriteOffOfLoanCommitmentFees
0 USD
CY2011 gpor Write Off Of Loan Commitment Fees
WriteOffOfLoanCommitmentFees
0 USD
CY2012 gpor Write Off Of Loan Commitment Fees
WriteOffOfLoanCommitmentFees
1143000 USD
CY2013 dei Amendment Flag
AmendmentFlag
false
CY2013 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2013 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2013 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013 dei Document Period End Date
DocumentPeriodEndDate
2013-12-31
CY2013 dei Document Type
DocumentType
10-K
CY2013 dei Entity Central Index Key
EntityCentralIndexKey
0000874499
CY2014Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
85217533 shares
CY2013 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2013 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2013Q2 dei Entity Public Float
EntityPublicFloat
3651716766540 USD
CY2013 dei Entity Registrant Name
EntityRegistrantName
GULFPORT ENERGY CORP
CY2013 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2013 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes

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