Gulfport Energy Corp. (NASDAQ: GPOR) said Nov. 1 that Michael G. Moore stepped down as president and CEO and will be replaced on an interim basis by the Oklahoma City-based company’s current COO Donnie Moore.
Michael Moore was named CEO of Gulfport in 2014. Prior to that, had served as the company’s CFO and secretary since joining Gulfport in 2000.
In addition to stepping down, Michael Moore also resigned from his position on the Gulfport board. His resignation, effective Oct. 29, was not a result of any disagreement with Gulfport or the company’s operations, according to a filing with the U.S. Securities and Exchange Commission.
Gulfport said its board has engaged an executive recruiting firm to undertake a nationwide search for a CEO to lead the company for the long term.
In the meantime, Interim CEO Donnie Moore joined Gulfport as COO in January 2018. He had previously been with Noble Energy Inc. (NYSE: NBL), where he served as vice president of Noble’s Texas operations for the Eagle Ford and Delaware Basin assets.
David L. Houston, chairman of the Gulfport board, said in a statement: “Donnie has the full and unanimous support of the board of directors to lead the company forward immediately and seamlessly. Since joining Gulfport this year, Donnie has brought to bear his nearly three decades of exceptional management and technical experience in the E&P industry to drive efficient execution of Gulfport’s operations. His talent in marshaling and focusing the skills and efforts of Gulfport’s employees has earned him respect across our organization.”
Gulfport is an independent natural gas and oil company with significant acreage positions in the Utica Shale of Eastern Ohio and the Scoop Woodford and Springer plays in Oklahoma. The company has assets along the Louisiana Gulf Coast and the Alberta oil sands in Canada plus a roughly 22% equity interest in Mammoth Energy Services Inc. (NASDAQ: TUSK).
Recommended Reading
Hamm: Interior, DOE Leadership is a ‘Dream Team’
2025-02-06 - Harold Hamm, U.S. energy policy influencer and founder of wildcatter Continental Resources, said his top choices of Interior Secretary Doug Burgum and newly confirmed Energy Secretary Chris Wright will be a “dream team of unimaginable proportions.”
The Evolving Federal State of Energy Under Trump 2.0
2025-03-04 - What happens when the Trump wrecking ball swings into the bureaucratic web of everything that touches oil and gas?
DOE Approves Non-FTA Permit Extension for Golden Pass LNG
2025-03-05 - Golden Pass LNG will become the ninth U.S. LNG export facility following the U.S. Department of Energy’s approval for an extension of its non-free trade agreement permit.
As Energy Secretary, Wright Would Remove Barriers to Projects
2025-01-15 - Liberty Energy CEO Chris Wright, Trump’s nominee to head the Department of Energy, said removing bureaucratic barriers to project development would be a top priority during a Senate confirmation hearing on Jan. 15.
Burgum: Yes to US Power Supply, Reliability; No on Sage Grouse
2025-01-16 - Interior Secretary nominee Doug Burgum said the sage grouse is neither endangered nor threatened; he'll hold federal leases as scheduled; and worries the U.S. is short of electric power and at risk of losing the “AI arms race” to China and other adversaries.