2024 Q1 Form 10-K Financial Statement

#000162828024007527 Filed on February 28, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $283.2M $489.1M $1.792B
YoY Change -61.27% -50.22% 34.6%
Cost Of Revenue $25.07M $24.87M $348.6M
YoY Change -71.39% -22.28% -2.41%
Gross Profit $258.2M $464.2M $1.443B
YoY Change -59.89% -51.16% 48.18%
Gross Profit Margin 91.15% 94.91% 80.54%
Selling, General & Admin $95.82M $100.1M $387.2M
YoY Change -0.55% -6.13% -1.35%
% of Gross Profit 37.12% 21.56% 26.83%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $80.02M $81.01M $319.7M
YoY Change 1.17% 3.26% 19.4%
% of Gross Profit 31.0% 17.45% 22.16%
Operating Expenses $176.4M $181.7M $709.7M
YoY Change 0.11% -2.18% 7.04%
Operating Profit $81.77M $282.5M $974.8M
YoY Change -84.35% -63.06% 79.49%
Interest Expense -$15.00M -$14.67M $57.07M
YoY Change -209.07% -8.87% -4.52%
% of Operating Profit -18.35% -5.19% 5.85%
Other Income/Expense, Net $125.0K $7.490M -$29.09M
YoY Change -73.23% -20343.24% -39.93%
Pretax Income $66.89M $275.3M $945.8M
YoY Change -87.21% -63.22% 91.18%
Income Tax $14.85M $29.59M -$525.2M
% Of Pretax Income 22.21% 10.75% -55.53%
Net Earnings $43.40M $212.6M $1.471B
YoY Change -91.7% -66.01% 197.33%
Net Earnings / Revenue 15.32% 43.48% 82.1%
Basic Earnings Per Share $2.39 $67.24
Diluted Earnings Per Share $2.33 $11.31 $66.46
COMMON SHARES
Basic Shares Outstanding 18.19M shares 18.63M shares 18.65M shares
Diluted Shares Outstanding 18.60M shares 18.90M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.209M $1.929M $1.929M
YoY Change 137.25% -73.43% -73.43%
Cash & Equivalents $8.209M $1.929M $1.929M
Short-Term Investments
Other Short-Term Assets $233.9M $250.2M $250.2M
YoY Change 62.15% 162.99% 162.99%
Inventory
Prepaid Expenses
Receivables $111.4M $122.5M $144.7M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $353.5M $396.8M $396.8M
YoY Change 21.52% -1.36% -1.36%
LONG-TERM ASSETS
Property, Plant & Equipment $2.317B $2.252B $2.267B
YoY Change 8.76% 9.46% 8.74%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $583.9M $31.49M $604.2M
YoY Change 2858.2% 48.24% 1164.94%
Total Long-Term Assets $2.901B $2.871B $2.871B
YoY Change 29.71% 34.64% 34.64%
TOTAL ASSETS
Total Short-Term Assets $353.5M $396.8M $396.8M
Total Long-Term Assets $2.901B $2.871B $2.871B
Total Assets $3.254B $3.268B $3.268B
YoY Change 28.77% 28.93% 28.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $290.1M $43.52M $309.5M
YoY Change 423.56% -90.05% -29.23%
Accrued Expenses $9.949M $12.96M $12.96M
YoY Change -20.93% 4.39% 4.39%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change
Total Short-Term Liabilities $337.7M $344.5M $344.5M
YoY Change -28.37% -56.58% -56.58%
LONG-TERM LIABILITIES
Long-Term Debt $636.4M $667.4M $667.4M
YoY Change 15.88% -3.86% -3.86%
Other Long-Term Liabilities $48.41M $49.88M $49.88M
YoY Change -63.87% -69.93% -69.93%
Total Long-Term Liabilities $684.8M $717.3M $717.3M
YoY Change 0.24% -16.6% -16.6%
TOTAL LIABILITIES
Total Short-Term Liabilities $337.7M $344.5M $344.5M
Total Long-Term Liabilities $684.8M $717.3M $717.3M
Total Liabilities $1.023B $1.062B $1.062B
YoY Change -11.44% -35.78% -35.78%
SHAREHOLDERS EQUITY
Retained Earnings $1.899B $1.848B
YoY Change 110.14% 383.92%
Common Stock $2.000K $2.000K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $0.00
YoY Change -100.0%
Treasury Stock Shares
Shareholders Equity $2.232B $2.162B $2.206B
YoY Change
Total Liabilities & Shareholders Equity $3.254B $3.268B $3.268B
YoY Change 28.77% 28.93% 28.93%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $43.40M $212.6M $1.471B
YoY Change -91.7% -66.01% 197.33%
Depreciation, Depletion And Amortization $80.02M $81.01M $319.7M
YoY Change 1.17% 3.26% 19.4%
Cash From Operating Activities $188.0M $155.5M $723.2M
YoY Change -38.16% -17.3% -2.15%
INVESTING ACTIVITIES
Capital Expenditures $118.1M $116.3M $537.4M
YoY Change -9.4% -9.73% 16.62%
Acquisitions
YoY Change
Other Investing Activities -$806.0K -$1.067M $2.526M
YoY Change -225.16% 464.55% 188.69%
Cash From Investing Activities -$119.0M -$117.2M -$537.2M
YoY Change -7.49% -9.11% 17.22%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -62.79M -44.68M -$191.3M
YoY Change -64.98% -25.59% -30.89%
NET CHANGE
Cash From Operating Activities 188.0M 155.5M $723.2M
Cash From Investing Activities -119.0M -117.2M -$537.2M
Cash From Financing Activities -62.79M -44.68M -$191.3M
Net Change In Cash 6.280M -6.430M -$5.330M
YoY Change -265.31% 525.49% -233.28%
FREE CASH FLOW
Cash From Operating Activities $188.0M $155.5M $723.2M
Capital Expenditures $118.1M $116.3M $537.4M
Free Cash Flow $69.88M $39.22M $185.8M
YoY Change -59.76% -33.76% -33.23%

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us-gaap Net Income Loss
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us-gaap Depreciation Depletion And Amortization
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us-gaap Impairment Of Oil And Gas Properties
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gpor Impairment Of Other Properties And Equipment
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gpor Impairment Of Other Properties And Equipment
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CY2023 us-gaap Income Loss From Equity Method Investments
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IncomeLossFromEquityMethodInvestments
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us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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us-gaap Income Loss From Equity Method Investments
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us-gaap Gains Losses On Extinguishment Of Debt
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us-gaap Gains Losses On Extinguishment Of Debt
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us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
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CY2023 gpor Cash Settlement On Derivative Instruments
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us-gaap Deferred Income Tax Expense Benefit
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us-gaap Share Based Compensation
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Payments To Acquire Oil And Gas Property
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us-gaap Payments To Acquire Oil And Gas Property
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us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Payments Of Financing Costs
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us-gaap Payments Of Financing Costs
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us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
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us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
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us-gaap Proceeds From Payments For Other Financing Activities
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us-gaap Proceeds From Payments For Other Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023 us-gaap Number Of Reportable Segments
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CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
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CY2022 us-gaap Impairment Of Oil And Gas Properties
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CY2023Q4 gpor Unproved Oil And Gas Property Full Cost Method Gross
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CY2022Q4 gpor Unproved Oil And Gas Property Full Cost Method Gross
UnprovedOilAndGasPropertyFullCostMethodGross
178500000 usd
CY2023Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
0 usd
CY2023 gpor Accounts Receivable Collection Period
AccountsReceivableCollectionPeriod
P30D
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:12pt;margin-top: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>The preparation of financial statements in conformity with GAAP 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. Although management believes these estimates are reasonable, actual results could differ from these estimates.
CY2023 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="margin-bottom:12pt;margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Reclassification</span></div><div style="margin-bottom:12pt;margin-top:12pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain reclassifications have been made to prior period financial statements and related disclosures to conform to current period presentation. These reclassifications have no impact on previous reported total assets, total liabilities, net income (loss) or total operating cash flows.</span></div>
CY2023 gpor Payments For Reorganization Items
PaymentsForReorganizationItems
0 usd
CY2022 gpor Payments For Reorganization Items
PaymentsForReorganizationItems
0 usd
gpor Payments For Reorganization Items
PaymentsForReorganizationItems
85706000 usd
gpor Payments For Reorganization Items
PaymentsForReorganizationItems
87199000 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
57967000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
57685000 usd
us-gaap Interest Paid Net
InterestPaidNet
33295000 usd
us-gaap Interest Paid Net
InterestPaidNet
7272000 usd
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-9381000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
CY2023 gpor Increase Decreasein Accounts Receivable Oiland Natural Gas
IncreaseDecreaseinAccountsReceivableOilandNaturalGas
-155925000 usd
CY2022 gpor Increase Decreasein Accounts Receivable Oiland Natural Gas
IncreaseDecreaseinAccountsReceivableOilandNaturalGas
45550000 usd
gpor Increase Decreasein Accounts Receivable Oiland Natural Gas
IncreaseDecreaseinAccountsReceivableOilandNaturalGas
52143000 usd
gpor Increase Decreasein Accounts Receivable Oiland Natural Gas
IncreaseDecreaseinAccountsReceivableOilandNaturalGas
60832000 usd
CY2023 gpor Increase Decreasein Accounts Receivable Joint Operationsand Other
IncreaseDecreaseinAccountsReceivableJointOperationsandOther
743000 usd
CY2022 gpor Increase Decreasein Accounts Receivable Joint Operationsand Other
IncreaseDecreaseinAccountsReceivableJointOperationsandOther
1095000 usd
gpor Increase Decreasein Accounts Receivable Joint Operationsand Other
IncreaseDecreaseinAccountsReceivableJointOperationsandOther
5178000 usd
gpor Increase Decreasein Accounts Receivable Joint Operationsand Other
IncreaseDecreaseinAccountsReceivableJointOperationsandOther
3005000 usd
CY2023 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-126329000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
59879000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-72912000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
79193000 usd
CY2023 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
215000 usd
CY2022 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-4863000 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-13559000 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-135471000 usd
CY2023 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-63000 usd
CY2022 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-1330000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-3630000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-3067000 usd
CY2023 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
-28701000 usd
CY2022 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
-19427000 usd
us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
113044000 usd
us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
-153894000 usd
CY2023 gpor Capitalized Stock Based Compensation
CapitalizedStockBasedCompensation
4046000 usd
CY2022 gpor Capitalized Stock Based Compensation
CapitalizedStockBasedCompensation
2948000 usd
gpor Capitalized Stock Based Compensation
CapitalizedStockBasedCompensation
1101000 usd
gpor Capitalized Stock Based Compensation
CapitalizedStockBasedCompensation
930000 usd
CY2023 us-gaap Asset Retirement Obligation Period Increase Decrease
AssetRetirementObligationPeriodIncreaseDecrease
588000 usd
CY2022 us-gaap Asset Retirement Obligation Period Increase Decrease
AssetRetirementObligationPeriodIncreaseDecrease
2169000 usd
us-gaap Asset Retirement Obligation Period Increase Decrease
AssetRetirementObligationPeriodIncreaseDecrease
7964000 usd
us-gaap Asset Retirement Obligation Period Increase Decrease
AssetRetirementObligationPeriodIncreaseDecrease
546000 usd
CY2023 gpor Asset Retirement Obligation Liabilities Settled And Divestitures
AssetRetirementObligationLiabilitiesSettledAndDivestitures
1267000 usd
CY2022 gpor Asset Retirement Obligation Liabilities Settled And Divestitures
AssetRetirementObligationLiabilitiesSettledAndDivestitures
7000 usd
gpor Asset Retirement Obligation Liabilities Settled And Divestitures
AssetRetirementObligationLiabilitiesSettledAndDivestitures
0 usd
gpor Asset Retirement Obligation Liabilities Settled And Divestitures
AssetRetirementObligationLiabilitiesSettledAndDivestitures
0 usd
CY2023 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
-5077000 usd
CY2022 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
2072000 usd
us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
7762000 usd
us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
0 usd
CY2023 us-gaap Stock Issued1
StockIssued1
0 usd
CY2022 us-gaap Stock Issued1
StockIssued1
28220000 usd
us-gaap Stock Issued1
StockIssued1
23893000 usd
us-gaap Stock Issued1
StockIssued1
0 usd
CY2023 gpor Foreign Currency Translation Gain Loss On Investment In Equity Method Investment
ForeignCurrencyTranslationGainLossOnInvestmentInEquityMethodInvestment
0 usd
CY2022 gpor Foreign Currency Translation Gain Loss On Investment In Equity Method Investment
ForeignCurrencyTranslationGainLossOnInvestmentInEquityMethodInvestment
0 usd
gpor Foreign Currency Translation Gain Loss On Investment In Equity Method Investment
ForeignCurrencyTranslationGainLossOnInvestmentInEquityMethodInvestment
0 usd
gpor Foreign Currency Translation Gain Loss On Investment In Equity Method Investment
ForeignCurrencyTranslationGainLossOnInvestmentInEquityMethodInvestment
2570000 usd
CY2023Q4 gpor Revenue Payable And Suspense Current
RevenuePayableAndSuspenseCurrent
148598000 usd
CY2022Q4 gpor Revenue Payable And Suspense Current
RevenuePayableAndSuspenseCurrent
222991000 usd
CY2023Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
43517000 usd
CY2022Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
37807000 usd
CY2023Q4 gpor Accrued Capital Expenditures
AccruedCapitalExpenditures
38322000 usd
CY2022Q4 gpor Accrued Capital Expenditures
AccruedCapitalExpenditures
36464000 usd
CY2023Q4 gpor Accrued Transportation Gathering Processing And Compression
AccruedTransportationGatheringProcessingAndCompression
32849000 usd
CY2022Q4 gpor Accrued Transportation Gathering Processing And Compression
AccruedTransportationGatheringProcessingAndCompression
56138000 usd
CY2023Q4 gpor Accrued Contract Damages And Treasury Shares Current
AccruedContractDamagesAndTreasurySharesCurrent
1996000 usd
CY2022Q4 gpor Accrued Contract Damages And Treasury Shares Current
AccruedContractDamagesAndTreasurySharesCurrent
40996000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
44250000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
42988000 usd
CY2023Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
309532000 usd
CY2022Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
437384000 usd
CY2023 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
17800000 usd
CY2023Q1 us-gaap Litigation Settlement Expense
LitigationSettlementExpense
1000000 usd
CY2023Q4 us-gaap Litigation Settlement Expense
LitigationSettlementExpense
8300000 usd
CY2023 gpor Proceeds From Plan Of Reorganization Recoupment Of Collateral
ProceedsFromPlanOfReorganizationRecoupmentOfCollateral
5000000 usd
CY2022 us-gaap Noninterest Income Other Operating Income
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11500000 usd
CY2022 us-gaap Litigation Settlement Expense
LitigationSettlementExpense
5100000 usd
CY2022 us-gaap Litigation Settlement Amount Awarded From Other Party
LitigationSettlementAmountAwardedFromOtherParty
5200000 usd
CY2021Q2 us-gaap Reorganization Value
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2300000000 usd
CY2021Q2 gpor Reorganization Post Petition Liabilities And Allowed Claims
ReorganizationPostPetitionLiabilitiesAndAllowedClaims
3100000000 usd
CY2021Q2 gpor Enterprise Value
EnterpriseValue
1600000000 usd
CY2021Q2 gpor Enterprise Value
EnterpriseValue
1600000000 usd
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1526000 usd
CY2021Q2 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
852751000 usd
CY2021Q2 gpor Stockholders Equity Including Mezzanine Equity
StockholdersEquityIncludingMezzanineEquity
748775000 usd
CY2021Q2 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
55000000 usd
CY2021Q2 gpor Enterprise Value
EnterpriseValue
1600000000 usd
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1526000 usd
CY2021Q2 us-gaap Other Liabilities Current
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686489000 usd
CY2021Q2 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
19084000 usd
CY2021Q2 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
54109000 usd
CY2021Q2 us-gaap Reorganization Value
ReorganizationValue
2252990000 usd
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1526000 usd
CY2021Q2 us-gaap Restricted Cash Current
RestrictedCashCurrent
57891000 usd
CY2021Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
180711000 usd
CY2021Q2 us-gaap Oil And Gas Joint Interest Billing Receivables Current
OilAndGasJointInterestBillingReceivablesCurrent
15431000 usd
CY2021Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
25295000 usd
CY2021Q2 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
3465000 usd
CY2021Q2 us-gaap Assets Current
AssetsCurrent
284319000 usd
CY2021Q2 gpor Proved Oil And Gas Property Full Cost Method Gross
ProvedOilAndGasPropertyFullCostMethodGross
1697408000 usd
CY2021Q2 gpor Unproved Oil And Gas Property Full Cost Method Gross
UnprovedOilAndGasPropertyFullCostMethodGross
230174000 usd
CY2021Q2 gpor Property Plantand Equipment Other Than Oil And Gas Property Gross
PropertyPlantandEquipmentOtherThanOilAndGasPropertyGross
6893000 usd
CY2021Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1934475000 usd
CY2021Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
0 usd
CY2021Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1934475000 usd
CY2021Q2 us-gaap Equity Method Investments
EquityMethodInvestments
0 usd
CY2021Q2 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
8183000 usd
CY2021Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
47000 usd
CY2021Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
25966000 usd
CY2021Q2 gpor Total Other Assets
TotalOtherAssets
34196000 usd
CY2021Q2 us-gaap Assets
Assets
2252990000 usd
CY2021Q2 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
506799000 usd
CY2021Q2 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
98900000 usd
CY2021Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
38000 usd
CY2021Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
60000000 usd
CY2021Q2 us-gaap Liabilities Current
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665737000 usd
CY2021Q2 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
80742000 usd
CY2021Q2 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
19084000 usd
CY2021Q2 us-gaap Operating Lease Liability Noncurrent
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CY2021Q2 us-gaap Long Term Debt Noncurrent
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792751000 usd
CY2021Q2 us-gaap Liabilities Noncurrent
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892586000 usd
CY2021Q2 us-gaap Liabilities
Liabilities
1558323000 usd
CY2021Q2 us-gaap Commitments And Contingencies
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CY2021Q2 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
55000000 usd
CY2021Q2 us-gaap Common Stock Value
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2000 usd
CY2021Q2 us-gaap Common Stock Value
CommonStockValue
2000 usd
CY2021Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
693774000 usd
CY2021Q2 us-gaap Treasury Stock Value
TreasuryStockValue
54109000 usd
CY2021Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
0 usd
CY2021Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
0 usd
CY2021Q2 us-gaap Stockholders Equity
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639667000 usd
CY2021Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2252990000 usd
CY2021Q2 us-gaap Liabilities Subject To Compromise
LiabilitiesSubjectToCompromise
2224449000 usd
us-gaap Debtor Reorganization Items Legal And Advisory Professional Fees
DebtorReorganizationItemsLegalAndAdvisoryProfessionalFees
81565000 usd
us-gaap Debtor Reorganization Items Gain Loss On Settlement Of Other Claims Net1
DebtorReorganizationItemsGainLossOnSettlementOfOtherClaimsNet1
575182000 usd
gpor Debtor Reorganization Items Elimination Predecessor Accumulated Other Comprehensive Income
DebtorReorganizationItemsEliminationPredecessorAccumulatedOtherComprehensiveIncome
40430000 usd
us-gaap Debtor Reorganization Items Debtor In Possession Facility Financing Costs
DebtorReorganizationItemsDebtorInPossessionFacilityFinancingCosts
3150000 usd
us-gaap Debtor Reorganization Items Other Expense Income
DebtorReorganizationItemsOtherExpenseIncome
22383000 usd
us-gaap Reorganization Items
ReorganizationItems
-266898000 usd
CY2023Q4 gpor Proved Oil And Gas Property Full Cost Method Gross
ProvedOilAndGasPropertyFullCostMethodGross
2904519000 usd
CY2022Q4 gpor Proved Oil And Gas Property Full Cost Method Gross
ProvedOilAndGasPropertyFullCostMethodGross
2418666000 usd
CY2023Q4 gpor Unproved Oil And Gas Property Full Cost Method Gross
UnprovedOilAndGasPropertyFullCostMethodGross
204233000 usd
CY2022Q4 gpor Unproved Oil And Gas Property Full Cost Method Gross
UnprovedOilAndGasPropertyFullCostMethodGross
178472000 usd
CY2023Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
8779000 usd
CY2022Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
5977000 usd
CY2023Q4 us-gaap Land
Land
386000 usd
CY2022Q4 us-gaap Land
Land
386000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3117917000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2603501000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
865618000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
545771000 usd
CY2022Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
33171000 usd
CY2021Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
28264000 usd
CY2023 us-gaap Asset Retirement Obligation Liabilities Incurred
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588000 usd
CY2022 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
96000 usd
CY2023 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
604000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
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2252299000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2057730000 usd
CY2023 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
0 usd
CY2022 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
0 usd
us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
0 usd
us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
117800000 usd
CY2023 gpor Capitalized General And Administrative Costs
CapitalizedGeneralAndAdministrativeCosts
22800000 usd
CY2022 gpor Capitalized General And Administrative Costs
CapitalizedGeneralAndAdministrativeCosts
20200000 usd
gpor Capitalized General And Administrative Costs
CapitalizedGeneralAndAdministrativeCosts
11900000 usd
gpor Capitalized General And Administrative Costs
CapitalizedGeneralAndAdministrativeCosts
8000000 usd
CY2023 gpor Depletion Per Mcf Of Gas Equivalent
DepletionPerMCFOfGasEquivalent
0.83
CY2022 gpor Depletion Per Mcf Of Gas Equivalent
DepletionPerMCFOfGasEquivalent
0.74
gpor Depletion Per Mcf Of Gas Equivalent
DepletionPerMCFOfGasEquivalent
0.69
gpor Depletion Per Mcf Of Gas Equivalent
DepletionPerMCFOfGasEquivalent
0.45
CY2023 us-gaap Acquisition Costs
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58002000 usd
CY2022 us-gaap Acquisition Costs
AcquisitionCosts
17288000 usd
us-gaap Acquisition Costs
AcquisitionCosts
8687000 usd
us-gaap Acquisition Costs
AcquisitionCosts
117270000 usd
CY2023Q4 us-gaap Acquisition Costs Cumulative
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201247000 usd
CY2023 us-gaap Exploration Costs
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0 usd
CY2022 us-gaap Exploration Costs
ExplorationCosts
0 usd
us-gaap Exploration Costs
ExplorationCosts
0 usd
us-gaap Exploration Costs
ExplorationCosts
0 usd
CY2023Q4 us-gaap Exploration Costs Cumulative
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0 usd
CY2023 us-gaap Development Costs
DevelopmentCosts
535000 usd
CY2022 us-gaap Development Costs
DevelopmentCosts
6000 usd
us-gaap Development Costs
DevelopmentCosts
15000 usd
us-gaap Development Costs
DevelopmentCosts
0 usd
CY2023Q4 us-gaap Development Costs Cumulative
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556000 usd
CY2023 gpor Interest Cost Capitalized Not Subjectto Amortization
InterestCostCapitalizedNotSubjecttoAmortization
2430000 usd
CY2022 gpor Interest Cost Capitalized Not Subjectto Amortization
InterestCostCapitalizedNotSubjecttoAmortization
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gpor Interest Cost Capitalized Not Subjectto Amortization
InterestCostCapitalizedNotSubjecttoAmortization
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gpor Interest Cost Capitalized Not Subjectto Amortization
InterestCostCapitalizedNotSubjecttoAmortization
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CY2023Q4 us-gaap Accumulated Capitalized Interest Costs
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2430000 usd
CY2023 us-gaap Capitalized Costs Of Unproved Properties Excluded From Amortization
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortization
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CY2022 us-gaap Capitalized Costs Of Unproved Properties Excluded From Amortization
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us-gaap Capitalized Costs Of Unproved Properties Excluded From Amortization
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8702000 usd
us-gaap Capitalized Costs Of Unproved Properties Excluded From Amortization
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117270000 usd
CY2023Q4 us-gaap Capitalized Costs Of Unproved Properties Excluded From Amortization Cumulative
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative
204233000 usd
CY2023Q4 us-gaap Capitalized Costs Of Unproved Properties Excluded From Amortization Cumulative
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative
204233000 usd
CY2022Q4 us-gaap Capitalized Costs Of Unproved Properties Excluded From Amortization Cumulative
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative
178472000 usd
CY2023 gpor Non Producing Leases Extension Term
NonProducingLeasesExtensionTerm
P5Y
CY2023 gpor Non Producing Leases Extension Term
NonProducingLeasesExtensionTerm
P5Y
CY2022 us-gaap Asset Retirement Obligation Liabilities Settled
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0 usd
CY2023 gpor Asset Retirement Obligation Removed Due To Divestiture
AssetRetirementObligationRemovedDueToDivestiture
919000 usd
CY2022 gpor Asset Retirement Obligation Removed Due To Divestiture
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7000 usd
CY2023 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
2782000 usd
CY2022 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
2746000 usd
CY2023 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
-5077000 usd
CY2022 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
2072000 usd
CY2023Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
29941000 usd
CY2022Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
33171000 usd
CY2023Q4 us-gaap Deferred Finance Costs Net
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618000 usd
CY2022Q4 us-gaap Deferred Finance Costs Net
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845000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
667382000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
694155000 usd
CY2023Q4 us-gaap Long Term Debt Current
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0 usd
CY2022Q4 us-gaap Long Term Debt Current
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0 usd
CY2023Q4 us-gaap Long Term Debt Noncurrent
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667382000 usd
CY2022Q4 us-gaap Long Term Debt Noncurrent
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694155000 usd
CY2023Q4 us-gaap Debtor In Possession Financing Letters Of Credit Outstanding
DebtorInPossessionFinancingLettersOfCreditOutstanding
262500000 usd
CY2023Q4 us-gaap Debtor In Possession Financing Amount Arranged
DebtorInPossessionFinancingAmountArranged
105000000 usd
CY2023Q4 us-gaap Debtor In Possession Financing Borrowings Outstanding
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157500000 usd
CY2023 us-gaap Interest Paid Net
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CY2022 us-gaap Interest Paid Net
InterestPaidNet
57685000 usd
us-gaap Interest Paid Net
InterestPaidNet
33295000 usd
us-gaap Interest Paid Net
InterestPaidNet
7272000 usd
CY2023 gpor Debt Instrument Increase Decrease Accrued Interest
DebtInstrumentIncreaseDecreaseAccruedInterest
-7000 usd
CY2022 gpor Debt Instrument Increase Decrease Accrued Interest
DebtInstrumentIncreaseDecreaseAccruedInterest
-826000 usd
gpor Debt Instrument Increase Decrease Accrued Interest
DebtInstrumentIncreaseDecreaseAccruedInterest
6061000 usd
gpor Debt Instrument Increase Decrease Accrued Interest
DebtInstrumentIncreaseDecreaseAccruedInterest
-1503000 usd
CY2023 us-gaap Interest Costs Capitalized
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4147000 usd
CY2022 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
0 usd
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
0 usd
CY2023 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3256000 usd
CY2022 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2914000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1663000 usd
us-gaap Amortization Of Financing Costs
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CY2023 gpor Interest Income Expense Other
InterestIncomeExpenseOther
0 usd
CY2022 gpor Interest Income Expense Other
InterestIncomeExpenseOther
0 usd
gpor Interest Income Expense Other
InterestIncomeExpenseOther
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gpor Interest Income Expense Other
InterestIncomeExpenseOther
1610000 usd
CY2023 us-gaap Interest Expense
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57069000 usd
CY2022 us-gaap Interest Expense
InterestExpense
59773000 usd
us-gaap Interest Expense
InterestExpense
40853000 usd
us-gaap Interest Expense
InterestExpense
4159000 usd
CY2023 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
4100000 usd
CY2021Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
42000000 shares
CY2021Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2021Q2 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
110000 shares
CY2021Q2 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
0.0001
CY2021Q2 us-gaap Temporary Equity Liquidation Preference Per Share
TemporaryEquityLiquidationPreferencePerShare
1000
CY2021Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
55000 shares
us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.10
gpor Preferred Stock Dividend Rate Percentage Paid In Kind
PreferredStockDividendRatePercentagePaidInKind
0.15
CY2021Q2 us-gaap Preferred Stock Convertible Conversion Price
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14.00
CY2021Q2 gpor Preferred Stock Value Outstanding Payment Period
PreferredStockValueOutstandingPaymentPeriod
P3D
CY2023 us-gaap Dividends Preferred Stock Cash
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4800000 usd
CY2022 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
5400000 usd
gpor Temporary Equity Stock Issued During Period Shares New Issues
TemporaryEquityStockIssuedDuringPeriodSharesNewIssues
3071 shares
us-gaap Dividends Preferred Stock Paidinkind
DividendsPreferredStockPaidinkind
55000 usd
us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
1500000 usd
CY2022Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
52295 shares
CY2021Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
57896 shares
CY2021Q2 us-gaap Temporary Equity Shares Outstanding
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55000 shares
CY2023 gpor Temporary Equity Stock Issued During Period Shares New Issues
TemporaryEquityStockIssuedDuringPeriodSharesNewIssues
0 shares
CY2022 gpor Temporary Equity Stock Issued During Period Shares New Issues
TemporaryEquityStockIssuedDuringPeriodSharesNewIssues
0 shares
gpor Temporary Equity Stock Issued During Period Shares New Issues
TemporaryEquityStockIssuedDuringPeriodSharesNewIssues
3071 shares
CY2023 us-gaap Stock Issued During Period Shares Conversion Of Units
StockIssuedDuringPeriodSharesConversionOfUnits
-8081 shares
CY2022 us-gaap Stock Issued During Period Shares Conversion Of Units
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-5601 shares
us-gaap Stock Issued During Period Shares Conversion Of Units
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-175 shares
CY2023Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
44214 shares
CY2022Q4 us-gaap Temporary Equity Shares Outstanding
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52295 shares
CY2021Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
57896 shares
CY2021Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
42000000 shares
CY2021Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2021Q2 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
110000 shares
CY2021Q2 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
0.0001
CY2021Q2 us-gaap Temporary Equity Liquidation Preference Per Share
TemporaryEquityLiquidationPreferencePerShare
1000
CY2021Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
19800000 shares
CY2023Q2 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
263158 shares
CY2023Q2 gpor Stock Repurchased During Period Average Price Per Share
StockRepurchasedDuringPeriodAveragePricePerShare
95.00
CY2021Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
100000000 usd
CY2023Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
650000000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
10000 usd
CY2023Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
459000 shares
CY2023Q1 us-gaap Stock Repurchased During Period Value
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32873000 usd
CY2023Q1 gpor Stock Repurchased During Period Average Price Per Share
StockRepurchasedDuringPeriodAveragePricePerShare
71.61
CY2023Q2 us-gaap Stock Repurchased During Period Shares
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442000 shares
CY2023Q2 us-gaap Stock Repurchased During Period Value
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41358000 usd
CY2023Q2 gpor Stock Repurchased During Period Average Price Per Share
StockRepurchasedDuringPeriodAveragePricePerShare
93.67
CY2023Q3 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
76000 shares
CY2023Q3 us-gaap Stock Repurchased During Period Value
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8681000 usd
CY2023Q3 gpor Stock Repurchased During Period Average Price Per Share
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113.97
CY2023Q4 us-gaap Stock Repurchased During Period Shares
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490000 shares
CY2023Q4 us-gaap Stock Repurchased During Period Value
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65968000 usd
CY2023Q4 gpor Stock Repurchased During Period Average Price Per Share
StockRepurchasedDuringPeriodAveragePricePerShare
134.72
CY2023 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
1467000 shares
CY2023 us-gaap Stock Repurchased During Period Value
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148880000 usd
CY2023 gpor Stock Repurchased During Period Average Price Per Share
StockRepurchasedDuringPeriodAveragePricePerShare
101.53
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
4400000 shares
us-gaap Stock Repurchased During Period Value
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399600000 usd
gpor Stock Repurchased During Period Average Price Per Share
StockRepurchasedDuringPeriodAveragePricePerShare
91.53
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4400000 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
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122500000 usd
CY2022Q4 us-gaap Accounts Receivable Net Current
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278400000 usd
CY2023 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.
CY2023 gpor Number Of Lease Contract
NumberOfLeaseContract
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CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
13439000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
836000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
561000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
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CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
14846000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
547000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
14299000 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
13752000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
535000 usd
CY2023 us-gaap Variable Lease Cost
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0 usd
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
0 usd
CY2023 us-gaap Short Term Lease Cost
ShortTermLeaseCost
28691000 usd
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
31987000 usd
CY2023 us-gaap Lease Cost
LeaseCost
42443000 usd
CY2022 us-gaap Lease Cost
LeaseCost
32522000 usd
CY2023 us-gaap Operating Lease Payments
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6390000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
601000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y2M23D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0670
CY2023 us-gaap Current State And Local Tax Expense Benefit
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CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
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us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
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us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
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CY2023 us-gaap Current Federal Tax Expense Benefit
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CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 usd
us-gaap Current Federal Tax Expense Benefit
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CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-26704000 usd
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 usd
us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 usd
us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-39000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
945760000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
494701000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-112868000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
243026000 usd
CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
198610000 usd
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
103887000 usd
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-23702000 usd
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
51036000 usd
CY2023 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-2581000 usd
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
2227000 usd
us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
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us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
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CY2023 gpor Effective Income Tax Rate Reconciliation Bankruptcy Adjustments
EffectiveIncomeTaxRateReconciliationBankruptcyAdjustments
0 usd
CY2022 gpor Effective Income Tax Rate Reconciliation Bankruptcy Adjustments
EffectiveIncomeTaxRateReconciliationBankruptcyAdjustments
0 usd
gpor Effective Income Tax Rate Reconciliation Bankruptcy Adjustments
EffectiveIncomeTaxRateReconciliationBankruptcyAdjustments
44748000 usd
gpor Effective Income Tax Rate Reconciliation Bankruptcy Adjustments
EffectiveIncomeTaxRateReconciliationBankruptcyAdjustments
-111285000 usd
CY2023 gpor Effective Income Tax Rate Reconciliation Remeasurement Of State Deferred Tax Asset
EffectiveIncomeTaxRateReconciliationRemeasurementOfStateDeferredTaxAsset
0 usd
CY2022 gpor Effective Income Tax Rate Reconciliation Remeasurement Of State Deferred Tax Asset
EffectiveIncomeTaxRateReconciliationRemeasurementOfStateDeferredTaxAsset
13869000 usd
gpor Effective Income Tax Rate Reconciliation Remeasurement Of State Deferred Tax Asset
EffectiveIncomeTaxRateReconciliationRemeasurementOfStateDeferredTaxAsset
-7966000 usd
gpor Effective Income Tax Rate Reconciliation Remeasurement Of State Deferred Tax Asset
EffectiveIncomeTaxRateReconciliationRemeasurementOfStateDeferredTaxAsset
0 usd
CY2023 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
-5592000 usd
CY2022 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
-17075000 usd
us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
0 usd
us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
0 usd
CY2023 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
1982000 usd
CY2022 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
1117000 usd
us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
2841000 usd
us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
445000 usd
CY2023 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
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CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
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us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
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us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
64320000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-39000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2023 us-gaap Effective Income Tax Rate Continuing Operations
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-0.56
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
us-gaap Effective Income Tax Rate Continuing Operations
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0.0003
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Effective Income Tax Rate Continuing Operations
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
399017000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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346455000 usd
CY2023Q4 gpor Deferred Tax Asset Oiland Gas Property Basis Difference
DeferredTaxAssetOilandGasPropertyBasisDifference
143769000 usd
CY2022Q4 gpor Deferred Tax Asset Oiland Gas Property Basis Difference
DeferredTaxAssetOilandGasPropertyBasisDifference
269206000 usd
CY2023Q4 us-gaap Deferred Tax Assets Investment In Subsidiaries
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68114000 usd
CY2022Q4 us-gaap Deferred Tax Assets Investment In Subsidiaries
DeferredTaxAssetsInvestmentInSubsidiaries
66502000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
1262000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
1484000 usd
CY2023Q4 us-gaap Deferred Tax Assets Hedging Transactions
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0 usd
CY2022Q4 us-gaap Deferred Tax Assets Hedging Transactions
DeferredTaxAssetsHedgingTransactions
73198000 usd
CY2023Q4 us-gaap Deferred Tax Assets Other
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52730000 usd
CY2022Q4 us-gaap Deferred Tax Assets Other
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52107000 usd
CY2023Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
664892000 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
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808952000 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
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CY2023Q4 us-gaap Deferred Tax Assets Net
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579135000 usd
CY2022Q4 us-gaap Deferred Tax Assets Net
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5620000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities Derivatives
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50448000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Derivatives
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CY2023Q4 gpor Deferred Tax Liabilities Right Of Use Asset
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3003000 usd
CY2022Q4 gpor Deferred Tax Liabilities Right Of Use Asset
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5615000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities Other
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528000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Other
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5000 usd
CY2023Q4 us-gaap Deferred Income Tax Liabilities
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53979000 usd
CY2022Q4 us-gaap Deferred Income Tax Liabilities
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5620000 usd
CY2023Q4 us-gaap Deferred Tax Assets Liabilities Net
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525156000 usd
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
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CY2022Q4 us-gaap Operating Loss Carryforwards
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655000000 usd
CY2023Q4 gpor Operating Loss Carryforwards Not Subject To Expiration
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1400000000 usd
CY2023Q4 us-gaap Unrecognized Tax Benefits
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CY2023 us-gaap Net Income Loss
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CY2022 us-gaap Net Income Loss
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494701000 usd
us-gaap Net Income Loss
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us-gaap Net Income Loss
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250994000 usd
CY2023 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
4840000 usd
CY2022 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
5444000 usd
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
4573000 usd
us-gaap Preferred Stock Dividends And Other Adjustments
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0 usd
CY2023 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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212360000 usd
CY2022 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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76401000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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0 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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0 usd
CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
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1253716000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
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412856000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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us-gaap Net Income Loss Available To Common Stockholders Basic
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250994000 usd
CY2023 us-gaap Dilutive Securities
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2475000 usd
CY2022 us-gaap Dilutive Securities
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512000 usd
us-gaap Dilutive Securities
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0 usd
us-gaap Dilutive Securities
DilutiveSecurities
0 usd
CY2023 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
1256191000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Diluted
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413368000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
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us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
250994000 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
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18645000 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20185000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20545000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
160834000 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18902000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20347000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20545000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
160834000 shares
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
67.24
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
20.45
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-5.71
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.56
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
66.46
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
20.32
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-5.71
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.56
CY2023Q4 gpor Derivative Instruments Number Of Counterparties
DerivativeInstrumentsNumberOfCounterparties
12 counterparty
CY2023 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
740319000 usd
CY2022 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-999747000 usd
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-556819000 usd
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-137239000 usd
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
280792000 usd
CY2023Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
30866000 usd
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
249926000 usd
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
40565000 usd
CY2023Q4 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
30866000 usd
CY2023Q4 us-gaap Derivative Liability Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
9699000 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
114033000 usd
CY2022Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
80345000 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
33688000 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
461926000 usd
CY2022Q4 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
80345000 usd
CY2022Q4 us-gaap Derivative Liability Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
381581000 usd
CY2023 us-gaap Restructuring Charges
RestructuringCharges
4800000 usd
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
1300000 usd
us-gaap Restructuring Charges
RestructuringCharges
2900000 usd
CY2021Q4 us-gaap Restructuring And Related Cost Number Of Positions Eliminated Inception To Date Percent
RestructuringAndRelatedCostNumberOfPositionsEliminatedInceptionToDatePercent
0.03
CY2023 srt Proved Developed And Undeveloped Reserves Extensions Discoveries And Additions
ProvedDevelopedAndUndevelopedReservesExtensionsDiscoveriesAndAdditions
996000000 bbl
CY2023 srt Proved Developed And Undeveloped Reserves Sales Of Minerals In Place
ProvedDevelopedAndUndevelopedReservesSalesOfMineralsInPlace
0 bbl
CY2023 srt Proved Developed And Undeveloped Reserves Revisions Of Previous Estimates Increase Decrease
ProvedDevelopedAndUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease
445000000 bbl
CY2023 srt Proved Developed And Undeveloped Reserves Production
ProvedDevelopedAndUndevelopedReservesProduction
385000000 bbl
CY2023Q4 srt Proved Developed And Undeveloped Reserves Net
ProvedDevelopedAndUndevelopedReservesNet
4214000000 bbl
CY2020Q4 srt Proved Developed Reserves Volume
ProvedDevelopedReservesVolume
1527000000 bbl
CY2023Q4 us-gaap Business Combination Contingent Consideration Asset
BusinessCombinationContingentConsiderationAsset
2900000 usd
CY2023 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Asset1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAsset1
-1400000 usd
CY2022 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Asset1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAsset1
-400000 usd
CY2023 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
600000 usd
CY2022 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
100000 usd
CY2023 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
1
CY2023 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.06
CY2023 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
1549000 usd
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
1386000 usd
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
683000 usd
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
721000 usd
CY2023 us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:14.5pt">CONTINGENCIES </span><div style="margin-bottom:12pt;margin-top: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 a number of litigation and regulatory proceedings 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. In accordance with ASC Topic 450, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Contingencies</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, an accrual is recorded for a material loss contingency when its occurrence is probable and damages are reasonably estimable based on the anticipated most likely outcome or the minimum amount within a range of possible outcomes.</span></div><div style="margin-bottom:12pt;margin-top:12pt"><span style="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;margin-top:12pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As part of its Chapter 11 Cases and restructuring efforts, the Company filed motions to reject certain firm transportation agreements between the Company and affiliates of TC Energy Corporation ("TC") and Rover Pipeline LLC ("Rover"). During the third quarter of 2021, Gulfport finalized a settlement agreement with TC that was approved by the Bankruptcy Court on September 21, 2021. Pursuant to the settlement agreement, Gulfport and TC agreed that the firm transportation contracts between them would be rejected without any further payment or obligation by either party, and TC assigned its damages claims from such rejection to Gulfport. In exchange, Gulfport agreed to make a payment of $43.8 million in cash to TC. The $43.8 million was paid on October 7, 2021. Gulfport expects to receive distributions for a significant portion of such amounts through future distributions with respect to the assigned claims pursuant to the terms of the Plan that became effective in May 2021. Any future distributions will be recognized once received by Gulfport. In February 2022, Gulfport received an initial distribution of $11.5 million from the above-mentioned claim, which is included in Other, net in the accompanying consolidated statements of operations.</span></div><div style="margin-bottom:12pt;margin-top:12pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the first quarter of 2023, Gulfport finalized a settlement agreement with Rover that was approved by the Bankruptcy Court on February 21, 2023. Pursuant to the settlement agreement, Gulfport and Rover agreed that the firm transportation contracts between them would be rejected. The Bankruptcy Court Order provided Rover will: (a) receive an allowed $85.9 million Class 4A General Unsecured Claim (the “Rover Unsecured Claim”), (b) receive an administrative claim of $1.0 million payable by Gulfport, and (c) draw the full amount of its credit assurance. Gulfport paid the $1.0 million administrative claim during the first quarter, and has no further obligations to Rover. The Rover Unsecured Claim will receive distributions under the Plan payable from the liquidating trust, not Gulfport. On February 24, 2023, Gulfport received an additional $17.8 million interim distribution for its TC claim. On December 22, 2023, Gulfport received its final $8.3 million distribution for its TC claim. These payments are included in Other, net in the accompanying consolidated statements of operations.</span></div><div style="margin-bottom:12pt;margin-top: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, along with other oil and gas companies, have been named as a defendant in a number of lawsuits where Plaintiffs assert their respective leases are limited to the Marcellus and Utica shale geological formations and allege that Defendants have willfully trespassed and illegally produced oil, natural gas, and other hydrocarbon products beyond these respective formations. They also allege that Defendants engaged in conversion and were unjustly enriched. Plaintiffs seek the full value of any production from below the Marcellus and Utica shale formations, unspecified damages from the diminution of value to their mineral estate, unspecified punitive damages, and the payment of reasonable attorney fees, legal expenses, and interest. On April 27, 2021, the Bankruptcy Court for the Southern District of Texas approved a settlement agreement in which the plaintiffs fully released the Company from all claims that accrued and any damages related to the period before the effective date of the Company’s Chapter 11 plan, which occurred on May 17, 2021. The plaintiffs are continuing to pursue alleged damages after May 17, 2021.</span></div><div style="margin-bottom:12pt;margin-top: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;margin-top: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;margin-top: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;margin-top: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. Gulfport and its subsidiaries have implemented various policies, programs, procedures, training and audits to reduce and mitigate environmental risks. The Company conducts periodic reviews, on a company-wide basis, to assess changes in its 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, it may, among other things, exclude a property from the transaction, require the seller to remediate the property to its satisfaction in an acquisition or agree to assume liability for the remediation of the property.</span></div><div style="margin-bottom:12pt;margin-top: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;margin-top: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;margin-top: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;margin-top: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;margin-top: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, 2023, Gulfport held no cash in excess of insured limits in these banks.</span></div>During the year ended December 31, 2023, one customer accounted for approximately 12% of the Company's total sales. During the year ended December 31, 2022, two customers accounted for approximately 31% of the Company's total sales. During the Prior Successor Period, two customers accounted for approximately 30% of the Company's total sales. During the Prior Predecessor Period, three customers accounted for approximately 37% 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.
CY2021Q4 us-gaap Litigation Settlement Amount Awarded To Other Party
LitigationSettlementAmountAwardedToOtherParty
43800000 usd
CY2021Q4 us-gaap Litigation Settlement Amount Awarded To Other Party
LitigationSettlementAmountAwardedToOtherParty
43800000 usd
CY2022Q1 us-gaap Litigation Settlement Amount Awarded To Other Party
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85900000 usd
CY2023Q1 us-gaap Litigation Settlement Expense
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CY2023Q1 us-gaap Litigation Settlement Expense
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CY2023Q1 us-gaap Litigation Settlement Amount Awarded From Other Party
LitigationSettlementAmountAwardedFromOtherParty
17800000 usd
CY2023Q4 us-gaap Litigation Settlement Amount Awarded From Other Party
LitigationSettlementAmountAwardedFromOtherParty
8300000 usd
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2904519000 usd
CY2022Q4 us-gaap Capitalized Costs Proved Properties
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2418666000 usd
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178472000 usd
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3108752000 usd
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CY2022Q4 us-gaap Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities
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543780000 usd
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2246499000 usd
CY2022Q4 us-gaap Capitalized Costs Oil And Gas Producing Activities Net
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2053358000 usd
CY2023 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties
CostsIncurredAcquisitionOfOilAndGasProperties
93905000 usd
CY2022 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties
CostsIncurredAcquisitionOfOilAndGasProperties
29675000 usd
us-gaap Costs Incurred Acquisition Of Oil And Gas Properties
CostsIncurredAcquisitionOfOilAndGasProperties
13411000 usd
us-gaap Costs Incurred Acquisition Of Oil And Gas Properties
CostsIncurredAcquisitionOfOilAndGasProperties
3922000 usd
CY2023 us-gaap Costs Incurred Development Costs
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419431000 usd
CY2022 us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
441458000 usd
us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
191193000 usd
us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
112986000 usd
CY2023 us-gaap Costs Incurred Exploration Costs
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0 usd
CY2022 us-gaap Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
0 usd
us-gaap Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
0 usd
us-gaap Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
0 usd
CY2023 gpor Total Costs Incurred In Oil And Gas Properties Acquisition And Development Activities
TotalCostsIncurredInOilAndGasPropertiesAcquisitionAndDevelopmentActivities
513336000 usd
CY2022 gpor Total Costs Incurred In Oil And Gas Properties Acquisition And Development Activities
TotalCostsIncurredInOilAndGasPropertiesAcquisitionAndDevelopmentActivities
471133000 usd
gpor Total Costs Incurred In Oil And Gas Properties Acquisition And Development Activities
TotalCostsIncurredInOilAndGasPropertiesAcquisitionAndDevelopmentActivities
204604000 usd
gpor Total Costs Incurred In Oil And Gas Properties Acquisition And Development Activities
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116908000 usd
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
0 usd
CY2022 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
0 usd
CY2023 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
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us-gaap Interest Costs Capitalized
InterestCostsCapitalized
200000 usd
CY2023 gpor Capitalized General And Administrative Costs
CapitalizedGeneralAndAdministrativeCosts
22800000 usd
CY2022 gpor Capitalized General And Administrative Costs
CapitalizedGeneralAndAdministrativeCosts
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gpor Capitalized General And Administrative Costs
CapitalizedGeneralAndAdministrativeCosts
11900000 usd
gpor Capitalized General And Administrative Costs
CapitalizedGeneralAndAdministrativeCosts
8000000 usd
CY2021Q4 srt Proved Developed Reserves Volume
ProvedDevelopedReservesVolume
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CY2022Q4 srt Proved Developed Reserves Volume
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CY2022Q4 srt Proved Developed Reserves Volume
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CY2023 us-gaap Results Of Operations Revenue From Oil And Gas Producing Activities
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CY2022 us-gaap Results Of Operations Revenue From Oil And Gas Producing Activities
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us-gaap Results Of Operations Revenue From Oil And Gas Producing Activities
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us-gaap Results Of Operations Revenue From Oil And Gas Producing Activities
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CY2023 us-gaap Results Of Operations Production Or Lifting Costs
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CY2022 us-gaap Results Of Operations Production Or Lifting Costs
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us-gaap Results Of Operations Production Or Lifting Costs
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us-gaap Results Of Operations Production Or Lifting Costs
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CY2023 us-gaap Results Of Operations Depreciation Depletion And Amortization And Valuation Provisions
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CY2022 us-gaap Results Of Operations Depreciation Depletion And Amortization And Valuation Provisions
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us-gaap Results Of Operations Depreciation Depletion And Amortization And Valuation Provisions
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us-gaap Results Of Operations Depreciation Depletion And Amortization And Valuation Provisions
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CY2023 us-gaap Impairment Of Oil And Gas Properties
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CY2022 us-gaap Impairment Of Oil And Gas Properties
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us-gaap Impairment Of Oil And Gas Properties
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us-gaap Impairment Of Oil And Gas Properties
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us-gaap Results Of Operations Income Tax Expense
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us-gaap Results Of Operations Income Tax Expense
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CY2023 us-gaap Results Of Operations Oil And Gas Producing Activities Net Income Excluding Corporate Overhead And Interest Costs
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1582235000 usd
us-gaap Results Of Operations Oil And Gas Producing Activities Net Income Excluding Corporate Overhead And Interest Costs
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540864000 usd
us-gaap Results Of Operations Oil And Gas Producing Activities Net Income Excluding Corporate Overhead And Interest Costs
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164454000 usd
CY2023 gpor Depletion Per Mcf Of Gas Equivalent
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0.83
CY2022 gpor Depletion Per Mcf Of Gas Equivalent
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gpor Depletion Per Mcf Of Gas Equivalent
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0.69
gpor Depletion Per Mcf Of Gas Equivalent
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0.45
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2588000000 bbl
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CY2021 srt Proved Developed And Undeveloped Reserves Extensions Discoveries And Additions
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CY2022 srt Proved Developed And Undeveloped Reserves Extensions Discoveries And Additions
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439000000 bbl
CY2022 srt Proved Developed And Undeveloped Reserves Sales Of Minerals In Place
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0 bbl
CY2022 srt Proved Developed And Undeveloped Reserves Revisions Of Previous Estimates Increase Decrease
ProvedDevelopedAndUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease
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CY2022 srt Proved Developed And Undeveloped Reserves Production
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359000000 bbl
CY2022Q4 srt Proved Developed And Undeveloped Reserves Net
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4048000000 bbl
CY2023 srt Proved Developed And Undeveloped Reserves Purchases Of Minerals In Place
ProvedDevelopedAndUndevelopedReservesPurchasesOfMineralsInPlace
0 bbl
CY2023Q4 srt Proved Developed Reserves Volume
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2203000000 bbl
CY2020Q4 srt Proved Undeveloped Reserve Volume
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1061000000 bbl
CY2021Q4 srt Proved Undeveloped Reserve Volume
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1733000000 bbl
CY2022Q4 srt Proved Undeveloped Reserve Volume
ProvedUndevelopedReserveVolume
1752000000 bbl
CY2023Q4 srt Proved Undeveloped Reserve Volume
ProvedUndevelopedReserveVolume
2011000000 bbl
CY2023 srt Proved Developed And Undeveloped Reserve Extension And Discovery Energy
ProvedDevelopedAndUndevelopedReserveExtensionAndDiscoveryEnergy
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