2020 Q4 Form 10-K Financial Statement

#000162828021004026 Filed on March 05, 2021

View on sec.gov

Income Statement

Concept 2020 Q4 2019 Q4 2019 Q3
Revenue $244.7M $336.5M $341.7M
YoY Change -27.27% -19.11% -5.32%
Cost Of Revenue $23.37M $24.32M $135.0M
YoY Change -3.91% -34.48% 71.08%
Gross Profit $221.4M $256.9M $206.7M
YoY Change -13.85% -32.18% -26.7%
Gross Profit Margin 90.45% 76.37% 60.5%
Selling, General & Admin $134.3M $79.49M $148.2M
YoY Change 68.97% -3.86% 56.4%
% of Gross Profit 60.68% 30.94% 71.69%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $45.38M $143.5M $163.3M
YoY Change -68.37% 7.2% 36.15%
% of Gross Profit 20.5% 55.83% 78.97%
Operating Expenses $180.5M $223.7M $304.0M
YoY Change -19.32% 2.83% 22.89%
Operating Profit $19.63M -$1.444B -$571.0M
YoY Change -101.36% -1022.93% -595.98%
Interest Expense -$20.34M -$84.30M $35.56M
YoY Change -75.87% 221.54% 6.93%
% of Operating Profit -103.6%
Other Income/Expense, Net -$12.50M $32.00K -$57.89M
YoY Change -39159.38% -103.03% 214.2%
Pretax Income -$165.6M -$1.499B -$628.8M
YoY Change -88.95% -1218.6% -760.9%
Income Tax $0.00 $315.8M -$144.0M
% Of Pretax Income
Net Earnings -$165.6M -$1.815B -$484.8M
YoY Change -90.88% -1454.28% -609.51%
Net Earnings / Revenue -67.65% -539.35% -141.86%
Basic Earnings Per Share -$1.03 -$11.36 -$3.04
Diluted Earnings Per Share -$1.03 -$11.36 -$3.04
COMMON SHARES
Basic Shares Outstanding 160.8M shares 159.7M shares 159.5M shares
Diluted Shares Outstanding 159.5M shares

Balance Sheet

Concept 2020 Q4 2019 Q4 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $89.86M $6.060M $10.12M
YoY Change 1382.85% -88.41% -91.87%
Cash & Equivalents $89.86M $6.060M $10.12M
Short-Term Investments
Other Short-Term Assets $187.8M $130.6M $140.2M
YoY Change 43.77% 316.44% 374.53%
Inventory
Prepaid Expenses
Receivables $119.9M $121.2M $112.7M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $409.8M $305.9M $304.3M
YoY Change 33.96% -3.31% -13.32%
LONG-TERM ASSETS
Property, Plant & Equipment $2.086B $3.464B $5.585B
YoY Change -39.77% -36.79% 1.12%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $24.82M $32.04M $73.96M
YoY Change -22.56% -86.43% -68.19%
Other Assets $18.37M $15.54M $11.65M
YoY Change 18.22% 12.58% -31.61%
Total Long-Term Assets $2.130B $3.577B $5.969B
YoY Change -40.45% -37.63% 3.19%
TOTAL ASSETS
Total Short-Term Assets $409.8M $305.9M $304.3M
Total Long-Term Assets $2.130B $3.577B $5.969B
Total Assets $2.540B $3.883B $6.273B
YoY Change -34.59% -35.83% 2.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $244.9M $415.2M $439.0M
YoY Change -41.02% -19.9% -24.63%
Accrued Expenses $0.00 $35.05M $33.87M
YoY Change -100.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $253.7M $631.0K $622.0K
YoY Change 40112.84% -3.07% -3.86%
Total Short-Term Liabilities $510.3M $451.2M $473.9M
YoY Change 13.1% -16.36% -26.62%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $1.978B $2.077B
YoY Change -100.0% -5.21% -1.15%
Other Long-Term Liabilities $2.330B $135.9M $160.4M
YoY Change 1614.78%
Total Long-Term Liabilities $36.60M $2.117B $2.077B
YoY Change -98.27% 1.45% -1.15%
TOTAL LIABILITIES
Total Short-Term Liabilities $510.3M $451.2M $473.9M
Total Long-Term Liabilities $36.60M $2.117B $2.077B
Total Liabilities $2.840B $2.568B $2.714B
YoY Change 10.6% -5.69% -4.54%
SHAREHOLDERS EQUITY
Retained Earnings -$4.473B -$2.848B -$596.9M
YoY Change 57.07% 236.86% -39.05%
Common Stock $1.607M $1.597M $1.597M
YoY Change 0.63% -2.02% -7.79%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$300.5M $1.315B $3.123B
YoY Change
Total Liabilities & Shareholders Equity $2.540B $3.883B $6.273B
YoY Change -34.59% -35.83% 2.25%

Cashflow Statement

Concept 2020 Q4 2019 Q4 2019 Q3
OPERATING ACTIVITIES
Net Income -$165.6M -$1.815B -$484.8M
YoY Change -90.88% -1454.28% -609.51%
Depreciation, Depletion And Amortization $45.38M $143.5M $163.3M
YoY Change -68.37% 7.2% 36.15%
Cash From Operating Activities -$104.7M $106.6M $217.6M
YoY Change -198.18% -31.41% -1.01%
INVESTING ACTIVITIES
Capital Expenditures -$28.72M -$73.85M -$138.6M
YoY Change -61.11% -39.82% -30.08%
Acquisitions
YoY Change
Other Investing Activities $4.826M $37.73M $10.19M
YoY Change -87.21% 8735.13% 145.5%
Cash From Investing Activities -$23.89M -$36.12M -$128.4M
YoY Change -33.86% -70.46% -33.83%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 167.4M -74.58M -99.82M
YoY Change -324.47% -29.28% 391.78%
NET CHANGE
Cash From Operating Activities -104.7M 106.6M 217.6M
Cash From Investing Activities -23.89M -36.12M -128.4M
Cash From Financing Activities 167.4M -74.58M -99.82M
Net Change In Cash 38.82M -4.064M -10.65M
YoY Change -1055.17% -94.38% -296.77%
FREE CASH FLOW
Cash From Operating Activities -$104.7M $106.6M $217.6M
Capital Expenditures -$28.72M -$73.85M -$138.6M
Free Cash Flow -$75.98M $180.5M $356.2M
YoY Change -142.1% -35.12% -14.79%

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CY2020 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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CY2019 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-3725000 USD
CY2018 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1542000 USD
CY2020 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-255238000 USD
CY2019 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-306228000 USD
CY2018 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
31532000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1617843000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-2009921000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
430491000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7290000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-7563000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-69000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-1625133000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
-2002358000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
430560000 USD
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-10.14
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-12.49
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.46
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-10.14
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-12.49
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.45
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
160231335 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
160341125 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
174675840 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
160231335 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
160341125 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
175398706 shares
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-1625133000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
-2002358000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
430560000 USD
CY2020 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
3833000 USD
CY2019 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
9193000 USD
CY2018 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-15487000 USD
CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
3833000 USD
CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
9193000 USD
CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-15487000 USD
CY2020 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-1621300000 USD
CY2019 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-1993165000 USD
CY2018 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
415073000 USD
CY2018 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0 USD
CY2020 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0 USD
CY2019 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0 USD
CY2017Q4 us-gaap Stockholders Equity
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3101614000 USD
CY2018 us-gaap Net Income Loss
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430560000 USD
CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-15487000 USD
CY2018 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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11332000 USD
CY2018 us-gaap Stock Repurchased And Retired During Period Value
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200251000 USD
CY2018 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 USD
CY2018Q4 us-gaap Stockholders Equity
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3327768000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
-2002358000 USD
CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
9193000 USD
CY2019 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
10677000 USD
CY2019 us-gaap Stock Repurchased And Retired During Period Value
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30688000 USD
CY2019 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 USD
CY2019Q4 us-gaap Stockholders Equity
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CY2020 us-gaap Net Income Loss
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-1625133000 USD
CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
3833000 USD
CY2020 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
6444000 USD
CY2020 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
236000 USD
CY2020 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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0 USD
CY2020Q4 us-gaap Stockholders Equity
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-300500000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-1625133000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
-2002358000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
430560000 USD
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
239744000 USD
CY2019 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
550108000 USD
CY2018 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
486664000 USD
CY2020 us-gaap Impairment Of Oil And Gas Properties
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1357099000 USD
CY2019 us-gaap Impairment Of Oil And Gas Properties
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2039770000 USD
CY2018 us-gaap Impairment Of Oil And Gas Properties
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0 USD
CY2020 us-gaap Income Loss From Equity Method Investments
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-11055000 USD
CY2019 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-210289000 USD
CY2018 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
49625000 USD
CY2020 gpor Gain Losson Extinguishmentof Debt Net
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49579000 USD
CY2019 gpor Gain Losson Extinguishmentof Debt Net
GainLossonExtinguishmentofDebtNet
48630000 USD
CY2018 gpor Gain Losson Extinguishmentof Debt Net
GainLossonExtinguishmentofDebtNet
0 USD
CY2020 us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
65291000 USD
CY2019 us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
208360000 USD
CY2018 us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
-123479000 USD
CY2020 gpor Cash Settlement On Derivative Instruments
CashSettlementOnDerivativeInstruments
159394000 USD
CY2019 gpor Cash Settlement On Derivative Instruments
CashSettlementOnDerivativeInstruments
123130000 USD
CY2018 gpor Cash Settlement On Derivative Instruments
CashSettlementOnDerivativeInstruments
-58428000 USD
CY2020 gpor Non Cash Reorganization Items
NonCashReorganizationItems
21956000 USD
CY2019 gpor Non Cash Reorganization Items
NonCashReorganizationItems
0 USD
CY2018 gpor Non Cash Reorganization Items
NonCashReorganizationItems
0 USD
CY2020 gpor Deferred Income Tax Expense Benefit Including Discontinued Operations
DeferredIncomeTaxExpenseBenefitIncludingDiscontinuedOperations
7290000 USD
CY2019 gpor Deferred Income Tax Expense Benefit Including Discontinued Operations
DeferredIncomeTaxExpenseBenefitIncludingDiscontinuedOperations
-7563000 USD
CY2018 gpor Deferred Income Tax Expense Benefit Including Discontinued Operations
DeferredIncomeTaxExpenseBenefitIncludingDiscontinuedOperations
1208000 USD
CY2020 gpor Equity Method Investment Realized Gain Losson Disposaland Other Assets
EquityMethodInvestmentRealizedGainLossonDisposalandOtherAssets
0 USD
CY2019 gpor Equity Method Investment Realized Gain Losson Disposaland Other Assets
EquityMethodInvestmentRealizedGainLossonDisposalandOtherAssets
220000 USD
CY2018 gpor Equity Method Investment Realized Gain Losson Disposaland Other Assets
EquityMethodInvestmentRealizedGainLossonDisposalandOtherAssets
124768000 USD
CY2020 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
0 USD
CY2019 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
2457000 USD
CY2018 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
3206000 USD
CY2020 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
31984000 USD
CY2019 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
15178000 USD
CY2018 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
17039000 USD
CY2020 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
-6785000 USD
CY2019 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
-50192000 USD
CY2018 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
43064000 USD
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
95304000 USD
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
723993000 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
786271000 USD
CY2020 us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
367287000 USD
CY2019 us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
720057000 USD
CY2018 us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
899083000 USD
CY2020 us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
50971000 USD
CY2019 us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
48527000 USD
CY2018 us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
5114000 USD
CY2020 us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
0 USD
CY2019 us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
0 USD
CY2018 us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
226487000 USD
CY2020 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
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CY2019 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
3241000 USD
CY2018 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
9392000 USD
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
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-314587000 USD
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-674771000 USD
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2020 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
383290000 USD
CY2019 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
877000000 USD
CY2018 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
220000000 USD
CY2020 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
713701000 USD
CY2019 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
952000000 USD
CY2018 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
265000000 USD
CY2020 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
90000000 USD
CY2019 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
0 USD
CY2018 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
0 USD
CY2020 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
90000000 USD
CY2019 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
0 USD
CY2018 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
0 USD
CY2020 us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
22827000 USD
CY2019 us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
138786000 USD
CY2018 us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
0 USD
CY2020 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
2988000 USD
CY2019 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 USD
CY2018 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 USD
CY2020 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2019 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
30000000 USD
CY2018 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
200251000 USD
CY2020 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-1512000 USD
CY2019 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-1673000 USD
CY2018 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-1406000 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
303084000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-95459000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-156657000 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
83801000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-46237000 USD
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-47260000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6060000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
52297000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
99557000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
89861000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6060000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
52297000 USD
CY2020 gpor Decrease In Capital Spending Percentage
DecreaseInCapitalSpendingPercentage
0.50
CY2020 gpor Accounts Receivable Collection Period
AccountsReceivableCollectionPeriod
P30D
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0 USD
CY2020 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
1400000000 USD
CY2020 gpor Conversion Ratio Gas To Barrels Of Oil
ConversionRatioGasToBarrelsOfOil
6 bbl
CY2020Q4 us-gaap Capitalized Costs Of Unproved Properties Excluded From Amortization Cumulative
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative
1500000000 USD
CY2019Q4 us-gaap Capitalized Costs Of Unproved Properties Excluded From Amortization Cumulative
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative
1700000000 USD
CY2017Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-39190000 USD
CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-54677000 USD
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-45484000 USD
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-41651000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
0 USD
CY2020 gpor Accounts Receivable Collection Period
AccountsReceivableCollectionPeriod
P30D
CY2018 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0 USD
CY2020 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:12pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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, the fair value determination of acquired assets and liabilities and the realization of future net operating loss carryforwards available as reductions of income tax expense. The estimate of the Company’s oil and gas reserves is used to compute depletion, depreciation, amortization and impairment of oil and gas properties.</span></div>
CY2020 gpor Payments For Reorganization Items
PaymentsForReorganizationItems
24553000 USD
CY2019 gpor Payments For Reorganization Items
PaymentsForReorganizationItems
0 USD
CY2018 gpor Payments For Reorganization Items
PaymentsForReorganizationItems
0 USD
CY2020 us-gaap Interest Paid Net
InterestPaidNet
84823000 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
142664000 USD
CY2018 us-gaap Interest Paid Net
InterestPaidNet
132995000 USD
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 USD
CY2019 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-1794000 USD
CY2018 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 USD
CY2020 gpor Capitalized Stock Based Compensation
CapitalizedStockBasedCompensation
2860000 USD
CY2019 gpor Capitalized Stock Based Compensation
CapitalizedStockBasedCompensation
5766000 USD
CY2018 gpor Capitalized Stock Based Compensation
CapitalizedStockBasedCompensation
4533000 USD
CY2020 us-gaap Asset Retirement Obligation Period Increase Decrease
AssetRetirementObligationPeriodIncreaseDecrease
2358000 USD
CY2019 us-gaap Asset Retirement Obligation Period Increase Decrease
AssetRetirementObligationPeriodIncreaseDecrease
6883000 USD
CY2018 us-gaap Asset Retirement Obligation Period Increase Decrease
AssetRetirementObligationPeriodIncreaseDecrease
1452000 USD
CY2020 gpor Asset Retirement Obligation Removed Due To Divestiture
AssetRetirementObligationRemovedDueToDivestiture
2213000 USD
CY2019 gpor Asset Retirement Obligation Removed Due To Divestiture
AssetRetirementObligationRemovedDueToDivestiture
30146000 USD
CY2018 gpor Asset Retirement Obligation Removed Due To Divestiture
AssetRetirementObligationRemovedDueToDivestiture
0 USD
CY2020 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
907000 USD
CY2019 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
3372000 USD
CY2018 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
4470000 USD
CY2020 gpor Transfer Of Debt To Dip Credit Facility
TransferOfDebtToDIPCreditFacility
157500000 USD
CY2019 gpor Transfer Of Debt To Dip Credit Facility
TransferOfDebtToDIPCreditFacility
0 USD
CY2018 gpor Transfer Of Debt To Dip Credit Facility
TransferOfDebtToDIPCreditFacility
0 USD
CY2020 gpor Noncash Or Part Noncash Acquisition Contingent Consideration
NoncashOrPartNoncashAcquisitionContingentConsideration
23090000 USD
CY2019 gpor Noncash Or Part Noncash Acquisition Contingent Consideration
NoncashOrPartNoncashAcquisitionContingentConsideration
-1137000 USD
CY2018 gpor Noncash Or Part Noncash Acquisition Contingent Consideration
NoncashOrPartNoncashAcquisitionContingentConsideration
0 USD
CY2020 gpor Foreign Currency Translation Gain Loss On Investment In Equity Method Investment
ForeignCurrencyTranslationGainLossOnInvestmentInEquityMethodInvestment
3833000 USD
CY2019 gpor Foreign Currency Translation Gain Loss On Investment In Equity Method Investment
ForeignCurrencyTranslationGainLossOnInvestmentInEquityMethodInvestment
9193000 USD
CY2018 gpor Foreign Currency Translation Gain Loss On Investment In Equity Method Investment
ForeignCurrencyTranslationGainLossOnInvestmentInEquityMethodInvestment
-15487000 USD
CY2020 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="margin-bottom:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Reclassifications</span></div><div style="margin-bottom:12pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">In the fourth quarter of 2020, the Company updated the presentation of certain costs on its consolidated statements of operations to better align its cost reporting with industry peers. In particular, the Company created a new expense line item titled “Taxes other than income” in its consolidated statement of operations. This new line item includes production taxes, property taxes and certain other non-income tax related costs incurred. Prior period amounts have been reclassified to align to this new approach. The reclassifications have no impact on previously reported total assets, liabilities, net (loss) income or total operating cash flows.</span></div>
CY2019 us-gaap Revenues
Revenues
1563126000 USD
CY2019 us-gaap Cost Of Revenue
CostOfRevenue
508843000 USD
CY2019 us-gaap Costs And Expenses
CostsAndExpenses
3266819000 USD
CY2018 us-gaap Revenues
Revenues
1551701000 USD
CY2018 us-gaap Cost Of Revenue
CostOfRevenue
486845000 USD
CY2018 us-gaap Costs And Expenses
CostsAndExpenses
1152742000 USD
CY2020Q4 gpor Debtor In Possession Financing Percentage Of Lenders Involved
DebtorInPossessionFinancingPercentageOfLendersInvolved
0.95
CY2020 gpor Holders Of An Allowed General Unsecured Claim Percentage Of New Common Stock Received
HoldersOfAnAllowedGeneralUnsecuredClaimPercentageOfNewCommonStockReceived
0.94
CY2020 gpor Holders Of An Allowed General Unsecured Claim Percentage Of New Common Stock Received
HoldersOfAnAllowedGeneralUnsecuredClaimPercentageOfNewCommonStockReceived
0.94
CY2020Q4 us-gaap Debtor In Possession Financing Letters Of Credit Outstanding
DebtorInPossessionFinancingLettersOfCreditOutstanding
262500000 USD
CY2020Q4 us-gaap Debtor In Possession Financing Amount Arranged
DebtorInPossessionFinancingAmountArranged
105000000 USD
CY2020Q4 us-gaap Debtor In Possession Financing Borrowings Outstanding
DebtorInPossessionFinancingBorrowingsOutstanding
157500000 USD
CY2020 us-gaap Debtor Reorganization Items Debtor In Possession Facility Financing Costs
DebtorReorganizationItemsDebtorInPossessionFacilityFinancingCosts
3000000.0 USD
CY2020Q4 gpor Liabilities Subject To Compromise Debt
LiabilitiesSubjectToCompromiseDebt
2005219000 USD
CY2020Q4 us-gaap Liabilities Subject To Compromise Accounts Payable And Accrued Liabilities
LiabilitiesSubjectToCompromiseAccountsPayableAndAccruedLiabilities
164939000 USD
CY2020Q4 gpor Liabilities Subject To Compromise Asset Retirement Obligation
LiabilitiesSubjectToCompromiseAssetRetirementObligation
63566000 USD
CY2020Q4 gpor Liabilities Subject To Compromise Accrued Interest
LiabilitiesSubjectToCompromiseAccruedInterest
55634000 USD
CY2020Q4 us-gaap Liabilities Subject To Compromise Other Liabilities
LiabilitiesSubjectToCompromiseOtherLiabilities
4122000 USD
CY2020Q4 us-gaap Liabilities Subject To Compromise
LiabilitiesSubjectToCompromise
2293480000 USD
CY2020 us-gaap Contractual Interest Expense On Prepetition Liabilities Not Recognized In Statement Of Operations
ContractualInterestExpenseOnPrepetitionLiabilitiesNotRecognizedInStatementOfOperations
15300000 USD
CY2020 us-gaap Debtor Reorganization Items Provision For Expected Allowed Claims
DebtorReorganizationItemsProvisionForExpectedAllowedClaims
104943000 USD
CY2020 us-gaap Debtor Reorganization Items Legal And Advisory Professional Fees
DebtorReorganizationItemsLegalAndAdvisoryProfessionalFees
24905000 USD
CY2020 us-gaap Debtor Reorganization Items Write Off Of Deferred Financing Costs And Debt Discounts
DebtorReorganizationItemsWriteOffOfDeferredFinancingCostsAndDebtDiscounts
21956000 USD
CY2020 us-gaap Debtor Reorganization Items Debtor In Possession Facility Financing Costs
DebtorReorganizationItemsDebtorInPossessionFacilityFinancingCosts
2988000 USD
CY2020 us-gaap Debtor Reorganization Items Gain Loss On Settlement Of Other Claims Net1
DebtorReorganizationItemsGainLossOnSettlementOfOtherClaimsNet1
-2433000 USD
CY2020 us-gaap Reorganization Items
ReorganizationItems
152359000 USD
CY2020Q4 us-gaap Oil And Gas Property Full Cost Method Gross
OilAndGasPropertyFullCostMethodGross
10816909000 USD
CY2019Q4 us-gaap Oil And Gas Property Full Cost Method Gross
OilAndGasPropertyFullCostMethodGross
10595735000 USD
CY2020Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
85530000 USD
CY2019Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
91198000 USD
CY2020Q4 us-gaap Land
Land
3008000 USD
CY2019Q4 us-gaap Land
Land
5521000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
10905447000 USD
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
10692454000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
8819178000 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
7228660000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2086269000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3463794000 USD
CY2020 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
1400000000 USD
CY2019 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
2000000000.0 USD
CY2018 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
0 USD
CY2020 gpor Capitalized General And Administrative Costs
CapitalizedGeneralAndAdministrativeCosts
25000000.0 USD
CY2019 gpor Capitalized General And Administrative Costs
CapitalizedGeneralAndAdministrativeCosts
30100000 USD
CY2018 gpor Capitalized General And Administrative Costs
CapitalizedGeneralAndAdministrativeCosts
37700000 USD
CY2020 gpor Depletionper Mc Fof Gas Equivalent
DepletionperMCFofGasEquivalent
0.61 usd_per_mcf
CY2019 gpor Depletionper Mc Fof Gas Equivalent
DepletionperMCFofGasEquivalent
1.08 usd_per_mcf
CY2018 gpor Depletionper Mc Fof Gas Equivalent
DepletionperMCFofGasEquivalent
0.96 usd_per_mcf
CY2020 us-gaap Acquisition Costs
AcquisitionCosts
18485000 USD
CY2019 us-gaap Acquisition Costs
AcquisitionCosts
8067000 USD
CY2018 us-gaap Acquisition Costs
AcquisitionCosts
98876000 USD
CY2017 us-gaap Acquisition Costs
AcquisitionCosts
1330895000 USD
CY2020Q4 us-gaap Acquisition Costs Cumulative
AcquisitionCostsCumulative
1456323000 USD
CY2020 us-gaap Exploration Costs
ExplorationCosts
0 USD
CY2019 us-gaap Exploration Costs
ExplorationCosts
0 USD
CY2018 us-gaap Exploration Costs
ExplorationCosts
0 USD
CY2017 us-gaap Exploration Costs
ExplorationCosts
0 USD
CY2020Q4 us-gaap Exploration Costs Cumulative
ExplorationCostsCumulative
0 USD
CY2020 us-gaap Development Costs
DevelopmentCosts
0 USD
CY2019 us-gaap Development Costs
DevelopmentCosts
0 USD
CY2018 us-gaap Development Costs
DevelopmentCosts
0 USD
CY2017 us-gaap Development Costs
DevelopmentCosts
0 USD
CY2020Q4 us-gaap Development Costs Cumulative
DevelopmentCostsCumulative
0 USD
CY2020 gpor Interest Cost Capitalized Not Subjectto Amortization
InterestCostCapitalizedNotSubjecttoAmortization
0 USD
CY2019 gpor Interest Cost Capitalized Not Subjectto Amortization
InterestCostCapitalizedNotSubjecttoAmortization
121000 USD
CY2018 gpor Interest Cost Capitalized Not Subjectto Amortization
InterestCostCapitalizedNotSubjecttoAmortization
172000 USD
CY2017 gpor Interest Cost Capitalized Not Subjectto Amortization
InterestCostCapitalizedNotSubjecttoAmortization
427000 USD
CY2020Q4 us-gaap Accumulated Capitalized Interest Costs
AccumulatedCapitalizedInterestCosts
720000 USD
CY2020 us-gaap Capitalized Costs Of Unproved Properties Excluded From Amortization
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortization
18485000 USD
CY2019 us-gaap Capitalized Costs Of Unproved Properties Excluded From Amortization
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortization
8188000 USD
CY2018 us-gaap Capitalized Costs Of Unproved Properties Excluded From Amortization
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortization
99048000 USD
CY2017 us-gaap Capitalized Costs Of Unproved Properties Excluded From Amortization
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortization
1331322000 USD
CY2020Q4 us-gaap Capitalized Costs Of Unproved Properties Excluded From Amortization Cumulative
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative
1457043000 USD
CY2020Q4 us-gaap Capitalized Costs Of Unproved Properties Excluded From Amortization Cumulative
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative
1457043000 USD
CY2019Q4 us-gaap Capitalized Costs Of Unproved Properties Excluded From Amortization Cumulative
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative
1700000000 USD
CY2020 gpor Non Producing Leases Extension Term
NonProducingLeasesExtensionTerm
P5Y
CY2020 gpor Non Producing Leases Extension Term
NonProducingLeasesExtensionTerm
P5Y
CY2019Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
60355000 USD
CY2018Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
79952000 USD
CY2020 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
2358000 USD
CY2019 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
5935000 USD
CY2020 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
0 USD
CY2019 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
273000 USD
CY2020 gpor Asset Retirement Obligation Removed Due To Divestiture
AssetRetirementObligationRemovedDueToDivestiture
2213000 USD
CY2019 gpor Asset Retirement Obligation Removed Due To Divestiture
AssetRetirementObligationRemovedDueToDivestiture
30146000 USD
CY2020 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
3066000 USD
CY2019 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
3939000 USD
CY2020 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
0 USD
CY2019 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
948000 USD
CY2020Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
63566000 USD
CY2019Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
60355000 USD
CY2020Q4 gpor Liabilities Subject To Compromise Asset Retirement Obligation
LiabilitiesSubjectToCompromiseAssetRetirementObligation
63566000 USD
CY2019Q4 gpor Liabilities Subject To Compromise Asset Retirement Obligation
LiabilitiesSubjectToCompromiseAssetRetirementObligation
0 USD
CY2020Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
0 USD
CY2019Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
60355000 USD
CY2020Q4 us-gaap Equity Method Investments
EquityMethodInvestments
24816000 USD
CY2019Q4 us-gaap Equity Method Investments
EquityMethodInvestments
32044000 USD
CY2020 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-11055000 USD
CY2019 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-210148000 USD
CY2018 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
49904000 USD
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
0 USD
CY2019Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
23751000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
2258962000 USD
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
1978651000 USD
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
253743000 USD
CY2019Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
631000 USD
CY2020Q4 gpor Liabilities Subject To Compromise Debt
LiabilitiesSubjectToCompromiseDebt
2005219000 USD
CY2019Q4 gpor Liabilities Subject To Compromise Debt
LiabilitiesSubjectToCompromiseDebt
0 USD
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
0 USD
CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1978020000 USD
CY2020 us-gaap Debtor Reorganization Items Write Off Of Deferred Financing Costs And Debt Discounts
DebtorReorganizationItemsWriteOffOfDeferredFinancingCostsAndDebtDiscounts
22000000.0 USD
CY2020Q4 us-gaap Debtor In Possession Financing Letters Of Credit Outstanding
DebtorInPossessionFinancingLettersOfCreditOutstanding
262500000 USD
CY2020Q4 us-gaap Debtor In Possession Financing Amount Arranged
DebtorInPossessionFinancingAmountArranged
105000000 USD
CY2020Q4 us-gaap Debtor In Possession Financing Borrowings Outstanding
DebtorInPossessionFinancingBorrowingsOutstanding
157500000 USD
CY2020 us-gaap Debtor Reorganization Items Debtor In Possession Facility Financing Costs
DebtorReorganizationItemsDebtorInPossessionFacilityFinancingCosts
3000000.0 USD
CY2020Q4 gpor Debtor In Possession Financing Termination Number Of Business Days After Petition Date
DebtorInPossessionFinancingTerminationNumberOfBusinessDaysAfterPetitionDate
3 day
CY2020Q4 gpor Debtor In Possession Financing Termination Number Of Days After The Entry Of The Interim Order
DebtorInPossessionFinancingTerminationNumberOfDaysAfterTheEntryOfTheInterimOrder
35 day
CY2020 us-gaap Debtor Reorganization Items Write Off Of Deferred Financing Costs And Debt Discounts
DebtorReorganizationItemsWriteOffOfDeferredFinancingCostsAndDebtDiscounts
22000000.0 USD
CY2020 us-gaap Interest Paid Net
InterestPaidNet
84823000 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
142664000 USD
CY2018 us-gaap Interest Paid Net
InterestPaidNet
132995000 USD
CY2020 gpor Debt Instrument Increase Decrease Accrued Interest
DebtInstrumentIncreaseDecreaseAccruedInterest
30600000 USD
CY2019 gpor Debt Instrument Increase Decrease Accrued Interest
DebtInstrumentIncreaseDecreaseAccruedInterest
-3834000 USD
CY2018 gpor Debt Instrument Increase Decrease Accrued Interest
DebtInstrumentIncreaseDecreaseAccruedInterest
7266000 USD
CY2020 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
907000 USD
CY2019 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
3372000 USD
CY2018 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
4470000 USD
CY2020 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
5563000 USD
CY2019 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
6328000 USD
CY2018 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
6121000 USD
CY2020 us-gaap Interest Expense
InterestExpense
120079000 USD
CY2019 us-gaap Interest Expense
InterestExpense
141786000 USD
CY2018 us-gaap Interest Expense
InterestExpense
141912000 USD
CY2018Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
100000000 USD
CY2018Q2 gpor Stock Repurchase Program Additional Authorized Amount
StockRepurchaseProgramAdditionalAuthorizedAmount
100000000 USD
CY2018Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
200000000 USD
CY2018 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
20700000 shares
CY2018 gpor Stock Repurchasedand Retired During Period Value Net Of Tax
StockRepurchasedandRetiredDuringPeriodValueNetOfTax
200000000.0 USD
CY2019 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
100000 shares
CY2019Q1 us-gaap Stock Repurchase Program Period In Force1
StockRepurchaseProgramPeriodInForce1
P24M
CY2020 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
200000 shares
CY2020 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
200000 USD
CY2019 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
700000 USD
CY2020 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
12500000 shares
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
16300000 USD
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10700000 USD
CY2018 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
11300000 USD
CY2020 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
2900000 USD
CY2019 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
5800000 USD
CY2018 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
4500000 USD
CY2020Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
119900000 USD
CY2019Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
121200000 USD
CY2020 us-gaap Revenue Performance Obligation Description Of Timing
RevenuePerformanceObligationDescriptionOfTiming
However, settlement statements for certain sales may be received for 30 to 90 days after the date production is delivered, and as a result, the Company is required to estimate the amount of production that was delivered to the purchaser and the price that will be received for the sale of the product.
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
160341125 shares
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
129000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
115000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
90000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
30000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
364000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
22000 USD
CY2020Q4 gpor Liabilities Subject To Compromise Operating Lease Liability
LiabilitiesSubjectToCompromiseOperatingLeaseLiability
342000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
0 USD
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
9658000 USD
CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
24960000 USD
CY2020 gpor Operating Lease Cost Related Party
OperatingLeaseCostRelatedParty
0 USD
CY2019 gpor Operating Lease Cost Related Party
OperatingLeaseCostRelatedParty
22440000 USD
CY2020 us-gaap Variable Lease Cost
VariableLeaseCost
586000 USD
CY2019 us-gaap Variable Lease Cost
VariableLeaseCost
2172000 USD
CY2020 gpor Variable Lease Cost Related Party
VariableLeaseCostRelatedParty
0 USD
CY2019 gpor Variable Lease Cost Related Party
VariableLeaseCostRelatedParty
66924000 USD
CY2020 us-gaap Short Term Lease Cost
ShortTermLeaseCost
9361000 USD
CY2019 us-gaap Short Term Lease Cost
ShortTermLeaseCost
834000 USD
CY2020 us-gaap Lease Cost
LeaseCost
19605000 USD
CY2019 us-gaap Lease Cost
LeaseCost
117330000 USD
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
140000 USD
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
182000 USD
CY2020 us-gaap Operating Lease Payments Use
OperatingLeasePaymentsUse
10272000 USD
CY2019 us-gaap Operating Lease Payments Use
OperatingLeasePaymentsUse
24263000 USD
CY2020 gpor Operating Lease Payments Use Related Party
OperatingLeasePaymentsUseRelatedParty
6800000 USD
CY2019 gpor Operating Lease Payments Use Related Party
OperatingLeasePaymentsUseRelatedParty
84750000 USD
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y10D
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0422
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
0 USD
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
0 USD
CY2018 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-1530000 USD
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-273000 USD
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-7000 USD
CY2018 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
253000 USD
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
7563000 USD
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-7556000 USD
CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
1530000 USD
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0 USD
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0 USD
CY2018 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-322000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7290000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-7563000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-69000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1617843000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-2009921000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
430491000 USD
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-339747000 USD
CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-422083000 USD
CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
90403000 USD
CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-14696000 USD
CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-28316000 USD
CY2018 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-511000 USD
CY2020 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
10800000 USD
CY2019 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
3372000 USD
CY2018 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
1078000 USD
CY2020 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
350933000 USD
CY2018 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-91039000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7290000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-7563000 USD
CY2019 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
439464000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-69000 USD
CY2020Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
392318000 USD
CY2019Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
269851000 USD
CY2018Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
164363000 USD
CY2020Q4 gpor Deferred Tax Asset Oiland Gas Property Basis Difference
DeferredTaxAssetOilandGasPropertyBasisDifference
463705000 USD
CY2019Q4 gpor Deferred Tax Asset Oiland Gas Property Basis Difference
DeferredTaxAssetOilandGasPropertyBasisDifference
289850000 USD
CY2018Q4 gpor Deferred Tax Asset Oiland Gas Property Basis Difference
DeferredTaxAssetOilandGasPropertyBasisDifference
3595000 USD
CY2020Q4 us-gaap Deferred Tax Assets Investment In Subsidiaries
DeferredTaxAssetsInvestmentInSubsidiaries
61078000 USD
CY2019Q4 us-gaap Deferred Tax Assets Investment In Subsidiaries
DeferredTaxAssetsInvestmentInSubsidiaries
58951000 USD
CY2018Q4 us-gaap Deferred Tax Assets Investment In Subsidiaries
DeferredTaxAssetsInvestmentInSubsidiaries
8620000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
1223000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
1440000 USD
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
616000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards General Business
DeferredTaxAssetsTaxCreditCarryforwardsGeneralBusiness
370000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards General Business
DeferredTaxAssetsTaxCreditCarryforwardsGeneralBusiness
370000 USD
CY2018Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards General Business
DeferredTaxAssetsTaxCreditCarryforwardsGeneralBusiness
369000 USD
CY2020Q4 us-gaap Deferred Tax Assets Charitable Contribution Carryforwards
DeferredTaxAssetsCharitableContributionCarryforwards
318000 USD
CY2019Q4 us-gaap Deferred Tax Assets Charitable Contribution Carryforwards
DeferredTaxAssetsCharitableContributionCarryforwards
297000 USD
CY2018Q4 us-gaap Deferred Tax Assets Charitable Contribution Carryforwards
DeferredTaxAssetsCharitableContributionCarryforwards
269000 USD
CY2020Q4 us-gaap Deferred Tax Assets Hedging Transactions
DeferredTaxAssetsHedgingTransactions
7656000 USD
CY2019Q4 us-gaap Deferred Tax Assets Hedging Transactions
DeferredTaxAssetsHedgingTransactions
11219000 USD
CY2018Q4 us-gaap Deferred Tax Assets Hedging Transactions
DeferredTaxAssetsHedgingTransactions
2761000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
DeferredTaxAssetsTaxCreditCarryforwardsForeign
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CONTINGENCIES<div style="margin-bottom:12pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Litigation and Regulatory Proceedings</span></div><div style="margin-bottom:12pt;text-indent:18pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company is involved in a number of litigation and regulatory proceedings that may result in material liabilities, including those described below. Many of these proceedings are in early stages, and many of them seek or may seek damages and penalties, the amount of which is indeterminate. The Company's total accrued liabilities in respect of litigation and regulatory proceedings is determined on a case-by-case basis and represents an estimate of probable losses after considering, among other factors, the progress of each case or proceeding, its experience and the experience of others in similar cases or proceedings, and the opinions and views of legal counsel. Significant judgment is required in making these estimates and their final liabilities may ultimately be materially different.</span></div><div style="margin-bottom:12pt;text-indent:18pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company, along with a number of other oil and gas companies, has been named as a defendant in two separate complaints, one filed by the State of Louisiana and the Parish of Cameron in the 38th Judicial District Court for the Parish of Cameron on February 9, 2016 and the other filed by the State of Louisiana and the District Attorney for the 15</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">th</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Judicial District </span></div><div style="margin-bottom:12pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">of the State of Louisiana in the 15</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">th</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Judicial District Court for the Parish of Vermilion on July 29, 2016 (together, the "Complaints"). The Complaints allege that certain of the defendants’ operations violated the State and Local Coastal Resources Management Act of 1978, as amended, and the rules, regulations, orders and ordinances adopted thereunder (the "CZM Laws") by causing substantial damage to land and </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">waterbodies located in the coastal zone of the relevant Parish. The plaintiffs seek damages and other appropriate relief under the CZM Laws, including the payment of costs necessary to clear, re-vegetate, detoxify and otherwise restore the affected coastal zone of the relevant Parish to its original condition, actual restoration of such coastal zone to its original condition, and the payment of reasonable attorney fees and legal expenses and interest. The United States District Court for the Western District of Louisiana issued orders remanding the cases to their respective state court, and the defendants have appealed the remand orders to the 5th Circuit Court of Appeals.</span></div><div style="margin-bottom:12pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In July 2019, Pigeon Land Company, Inc., a successor in interest to certain of the Company's legacy Louisiana properties, filed an action against the Company and a number of other oil and gas companies in the 16th Judicial District Court for the Parish of Iberia in Louisiana. The suit alleged negligence, strict liability and various violations of Louisiana statutes relating to property damage in connection with the historic development of the Company's Louisiana properties and sought unspecified damages (including punitive damages), an injunction to return the affected property to its original condition, and the payment of reasonable attorney fees and legal expenses and interest. This matter was voluntarily dismissed without prejudice on December 8, 2020.</span></div><div style="margin-bottom:12pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In September 2019, a stockholder of Mammoth Energy filed a derivative action on behalf of Mammoth Energy against members of Mammoth Energy’s board of directors, including a director designated by the Company, and its significant stockholders, including the Company, in the United States District Court for the Western District of Oklahoma. In January 2020, plaintiffs consolidated actions against the same defendants in the United States District Court for the District of Delaware.  The consolidated and amended complaint alleges, among other things, that the Company breached its fiduciary duties and misappropriated information as a controlling shareholder of Mammoth Energy in connection with Mammoth Energy’s activities in Puerto Rico following Hurricane Maria and the Company's secondary offering of Mammoth Energy common stock in June 2018. The complaint seeks unspecified damages, the payment of reasonable attorney fees and legal expenses and interest and to force Mammoth Energy and its board of directors to make specified corporate governance reforms.</span></div><div style="margin-bottom:12pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In October 2019, Kelsie Wagner, in her capacity as trustee of various trusts and on behalf of the trusts and other similarly situated royalty owners, filed an action against us in the District Court of Grady County, Oklahoma.  The suit alleged that the Company underpaid royalty owners and seeks unspecified damages for violations of the Oklahoma Production Revenue Standards Act and fraud. This matter is settled in principal and a voluntary dismissal without prejudice is anticipated.</span></div><div style="margin-bottom:12pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In March 2020, Robert F. Woodley, individually and on behalf of all others similarly situated, filed a federal securities class action against the Company, David M. Wood, Keri Crowell and Quentin R. Hicks in the United States District Court for the Southern District of New York. The complaint alleges that the Company made materially false and misleading statements regarding the Company’s business and operations in violation of the federal securities laws and seeks unspecified damages, the payment of reasonable attorneys’ fees, expert fees and other costs, pre-judgment and post-judgment interest, and such other and further relief that may be deemed just and proper.</span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:107%">In June 2020, Sam L. Carter, derivatively on behalf of the Company, filed an action against certain of our current and former executive officers and directors in the United States District Court for the District of Delaware. The complaint alleged that the defendants breached their fiduciary duties to the Company in connection with certain alleged materially false and misleading statements regarding our business and operations in violation of the federal securities laws. The complaint sought to recover unspecified damages from the defendants, the implementation of specified corporate governance reforms, reasonable attorneys’ and experts’ fees, costs and expenses, and such other relief as may be deemed just and proper. The complaint was voluntarily dismissed without prejudice on October 6, 2020.</span></div><div><span><br/></span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:107%">The Company filed a lawsuit against Stingray Pressure Pumping LLC, a subsidiary of Mammoth Energy (“Stingray”), for breach of contract and to terminate the Master Services Agreement for pressure pumping services, effective as of October 1, 2014, as amended (the “Master Services Agreement”), between Stingray and the Company. In March 2020, Stingray filed a counterclaim against the Company in the Superior Court of the State of Delaware. The counterclaim alleges that the Company has breached the Master Services Agreement. The counterclaim seeks actual damages, and Stingray filed claims in the Chapter 11 proceedings totaling $43.4 million related to breach of contract damages, attorneys' fees and interest.</span></div><div><span><br/></span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:107%">In April 2020, Bryon Lefort, individually and on behalf of similarly situated individuals, filed an action against the Company in the United States District Court for the Southern District of Ohio Eastern Division. The complaint alleges that the Company violated the Fair Labor Standards Act (“FLSA”), the Ohio Wage Act and the Ohio Prompt Pay Act by classifying the plaintiffs as independent contractors and paying them a daily rate with no overtime compensation for hours worked in excess of 40 hours per week. The complaint seeks to recover unpaid regular and overtime wages, liquidated damages in an amount equal </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:107%">to six of all unpaid overtime compensation, the payment of reasonable attorney fees and legal expenses and pre-judgment and post-judgment interest, and such other damages that may be owed to the workers.</span></div><div><span><br/></span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:107%">In August 2020, Muskie filed an action against the Company in the Superior Court of the State of Delaware for breach of contract. The complaint alleges that the Company breached its obligation to purchase a certain amount of proppant sand each month or make designated shortfall payments under the Sand Supply Agreement, effective October 1, 2014, as amended (the “Sand Supply Agreement”), between Muskie and the Company, and seeks payment of unpaid shortfall payments, and Muskie filed a claim in the Chapter 11 proceedings for $3.4 million.</span></div><div><span><br/></span></div><div style="margin-bottom:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">SEC Investigation</span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">The SEC has commenced an investigation with respect to certain actions by former Company management, including alleged improper personal use of Company assets, and potential violations by former management and the Company of the Sarbanes-Oxley Act of 2002 in connection with such actions. On February 24, 2021, without admitting or denying any of findings contained in the order, Gulfport resolved the SEC investigation through an administrative order that Gulfport violated Sections 13(a), 13(b)(2)(A), 13(b)(2)(B) and 14(a) of the Exchange Act and Rules 12b-20, 13a-1, 14a-3 and 14a-9. Under the administrative order and pursuant to Section 21C of the Exchange Act, Gulfport agreed to cease and desist from committing or causing any violations and any future violations of Sections 13(a), 13(b)(2)(A), 13(b)(2)(B) and 14(a) of the Exchange Act and Rules 12b-20, 13a-1, 14a-3 and 14a-9 thereunder. Based on the company’s extensive cooperation and prompt remedial efforts, the SEC did not impose a monetary penalty.</span></div><div style="text-indent:18pt"><span><br/></span></div><div style="margin-bottom:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Business Operations</span></div><div style="margin-bottom:12pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company is involved in various lawsuits and disputes incidental to its business operations, including commercial disputes, personal injury claims, royalty claims, property damage claims and contract actions. </span></div><div style="margin-bottom:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Environmental Contingencies</span></div><div style="margin-bottom:12pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The nature of the oil and gas business carries with it certain environmental risks for Gulfport and its subsidiaries. They have implemented various policies, programs, procedures, training and audits to reduce and mitigate such environmental risks. They conduct periodic reviews, on a company-wide basis, to assess changes in their environmental risk profile. Environmental reserves are established for environmental liabilities for which economic losses are probable and reasonably estimable. The Company manages its exposure to environmental liabilities in acquisitions by using an evaluation process that seeks to identify pre-existing contamination or compliance concerns and address the potential liability. Depending on the extent of an identified environmental concern, they may, among other things, exclude a property from the transaction, require the seller to remediate the property to their satisfaction in an acquisition or agree to assume liability for the remediation of the property.</span></div><div style="margin-bottom:12pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company received several Finding of Violation ("FOVs") from the USEPA alleging violations of the Clean Air Act in Ohio.  The Company entered into a settlement with the Department of Justice and USEPA agreeing to pay $1.7 million and invest in improvements at 17 well pads. The settlement was filed with the U.S. District Court for the Southern District of Ohio in January 2020 and was fully paid in October 2020.</span></div><div style="margin-bottom:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Other Matters</span></div><div style="margin-bottom:12pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Based on management’s current assessment, they are of the opinion that no pending or threatened lawsuit or dispute relating to its business operations is likely to have a material adverse effect on their future consolidated financial position, results of operations or cash flows. The final resolution of such matters could exceed amounts accrued, however, and actual results could differ materially from management’s estimates.</span></div><div style="margin-bottom:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Concentration of Credit Risk</span></div><div style="margin-bottom:12pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Gulfport operates in the oil and natural gas industry principally in the states of Ohio and Oklahoma with sales to refineries, re-sellers such as marketers, and other end users. 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’s results of operations in the long term.</span></div><div style="margin-bottom:12pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company maintains cash balances at several banks. Accounts at each institution are insured by the Federal Deposit Insurance Corporation. At December 31, 2020, Gulfport held no cash in excess of insured limits in these banks.</span></div>During the year ended December 31, 2020, one customer accounted for approximately 12% of the Company's total sales. During the year ended December 31, 2019, one customer accounted for approximately 14% of the Company's total sales. During the year ended December 31, 2018, two customers accounted for approximately 17% and 10% of the Company's total sales. The Company does not believe that the loss of any of these customers would have a material adverse effect on its natural gas, oil and condensate and NGL sales as alternative customers are readily available.
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Revenues
336468000 USD
CY2019Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
93011000 USD
CY2019Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
218456000 USD
CY2019Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-570955000 USD
CY2019Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-1444205000 USD
CY2019Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2019Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-179331000 USD
CY2019Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-144047000 USD
CY2019Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
315815000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
62242000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
234956000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
-484802000 USD
CY2019Q4 us-gaap Net Income Loss
NetIncomeLoss
-1814754000 USD
CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.38
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.47
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.04
CY2019Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-11.36
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.38
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.47
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-3.04
CY2019Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-11.36

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