Oklahoma City’s Gulfport Energy Corporation named a new President and CEO who’ll formally start his new job this week.
The company announced the naming of John Reinhart as President and Chief Executive Officer as well as Director effective Jan. 24, 2023.
Tim Cutt, who has served as Chief Executive Officer and Chairman since 2021, will retain his position of Chairman of the Board of Directors.
“I am pleased to welcome John to Gulfport,” Cutt said. “John has a proven track record of instilling a culture anchored on driving operational excellence, accountability, transparency and safety and he will bring strong leadership during this time of great opportunity for our Company.”
“I am excited to join the Gulfport team,” Reinhart said. “The Company is at a pivotal stage in its evolution and I look forward to working alongside our teams in optimizing corporate, financial and operational achievements that will build on the solid foundation that has been established.”
“Gulfport and our shareholders greatly benefited from Tim’s steady leadership during such a critical time for our Company,” Lead Independent Director David Wolf added.
“Tim helped transform Gulfport, building a team and culture which has positioned Gulfport for continued sustainable success. We thank him for his service and are grateful he will continue to lead our Board as we welcome John to our company.”
Reinhart joins Gulfport with more than two decades of oil and gas industry leadership experience. Most recently, he served as President and Chief Executive Officer of Montage Resources Corporation where he led actions that positioned Montage as an attractive strategic partner with sufficient scale, low debt profile and achievement of top-quartile operational and financial metrics.
Reinhart previously served as President and Chief Executive Officer of Blue Ridge Mountain Resources and as Chief Operating Officer at Ascent Resources. He started his oil and gas career at SLB before joining Chesapeake Energy Corporation, where he held operations roles with increasing responsibility. Reinhart began his career in the United States Army, serving tours in Panama and Iraq.
Gulfport is an independent company focused on the exploration, acquisition and production of natural gas, crude oil and NGL. Its primary focus has been in the Appalachia and Anadarko basins. The company’s principal properties are in eastern Ohio’s Utica formation and in central Oklahoma where it targets the SCOOP Woodford and SCOOP Springer formations.