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In addition, the Company entered into natural gas basis swap positions. As of March 31, 2022, the Company had the following natural gas swap positions open:
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Gulfport Pays |
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Gulfport Receives |
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Daily Volume |
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Weighted Average Fixed Spread |
| Natural Gas |
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(MMBtu/d) |
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($/MMBtu) |
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| 2023 |
Rex Zone 3 |
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NYMEX Plus Fixed Spread |
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20,000 |
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$ |
(0.21) |
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Type of Derivative Instrument |
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Index |
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Daily Volume |
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Weighted
Average Price |
| Natural Gas |
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(MMBtu/d) |
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($/MMBtu) |
| January 2023 - December 2023 |
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Fixed price swap |
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NYMEX Henry Hub |
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10,000 |
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$5.17 |
| January 2023 - December 2023 |
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Costless collar |
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NYMEX Henry Hub |
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200,000 |
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$3.00 / $5.00 |
| January 2023 - December 2023 |
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Call option |
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NYMEX Henry Hub |
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(100,000) |
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$2.90 |
| January 2024 - December 2024 |
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Fixed price swap |
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NYMEX Henry Hub |
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10,000 |
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$4.16 |
| January 2024 - December 2024 |
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Call option |
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NYMEX Henry Hub |
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40,000 |
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$4.65 |
| January 2025 - October 2025 |
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Call option |
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NYMEX Henry Hub |
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40,000 |
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$4.65 |
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| Oil |
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(Bbl/d) |
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($/Bbl) |
| January 2023 - December 2023 |
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Fixed price swap |
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NYMEX WTI |
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1,000 |
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$87.62 |
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| NGL |
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(Bbl/d) |
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($/Bbl) |
| January 2023 - December 2023 |
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Fixed price swap |
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Mont Belvieu C3 |
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1,000 |
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$44.10 |
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