Quarterly report pursuant to Section 13 or 15(d)

SUBSEQUENT EVENTS (Tables)

v3.21.2
SUBSEQUENT EVENTS (Tables)
6 Months Ended
Jun. 30, 2021
Subsequent Events [Abstract]  
Schedule of Natural Gas Basis Swap Positions
Below is a summary of the Company's natural gas basis swap positions as of June 30, 2021.
Gulfport Pays Gulfport Receives Daily Volume Weighted Average Fixed Spread
Natural Gas (MMBtu/day)
Remaining 2021 Rex Zone 3 NYMEX Plus Fixed Spread 66,576  $ (0.16)
2022 Rex Zone 3 NYMEX Plus Fixed Spread 24,658  $ (0.10)
Subsequent to June 30, 2021 and as of July 31, 2021, the Company entered into the following natural gas and oil derivative contracts:
Type of Derivative Instrument Index Daily Volume Weighted
Average Price
Natural Gas (MMBtu/day)
April 2022 - December 2022 Fixed price swap NYMEX Henry Hub 80,073  $2.99
January 2023 - March 2023 Fixed price swap NYMEX Henry Hub 20,000 
$3.13
Oil (Bbl/day)
January 2022 - December 2022 Fixed price swap NYMEX WTI 1,104 
$65.54