Gulfport Energy Corp. seized Wall Street attention recently when it announced results for its first Utica shale well that turned in the highest rate yet for the play.

After a 60-day “rest” period, the Wagner 1-28H had a peak rate of 4,650 barrels of oil equivalent per day (boe/d), assuming full ethane recovery (3,750 boe/d, assuming ethane rejection). The Wagner well is the first of several to follow Gulfport’s practice of undertaking drilling and completion operations and then allowing the wells to “rest” for 60 days before the flowing process. ...