Annual report pursuant to Section 13 and 15(d)

SUBSEQUENT EVENTS (Tables)

v3.22.4
SUBSEQUENT EVENTS (Tables)
 12 Months Ended
Dec. 31, 2022
Subsequent Events [Abstract]  
Schedule of natural gas basis swap positions As of December 31, 2022, the Company had the following natural gas basis swap positions open:
Gulfport Pays Gulfport Receives Daily Volume Weighted Average Fixed Spread
Natural Gas (MMBtu/d) ($/MMBtu)
2023 Rex Zone 3 NYMEX Plus Fixed Spread 60,000  $ (0.22)
2023 NGPL TXOK NYMEX Plus Fixed Spread 20,000  $ (0.40)
2023 TETCO M2 NYMEX Plus Fixed Spread 40,082  $ (1.01)
2024 TETCO M2 NYMEX Plus Fixed Spread 9,973  $ (1.03)
Subsequent to December 31, 2022 and as of February 23, 2023, the Company entered into the following derivative contracts:
Period Type of Derivative Instrument Index Daily Volume (MMBtu) Weighted
Average Price
2023 Basis Swaps TETCO M2 76,219  $(0.85)
2023 Basis Swaps Rex Zone 3 59,452  $(0.22)
2023 Basis Swaps NGPL TXOK 42,685  $(0.34)
2024 Swaps NYMEX Henry Hub 30,000  $3.90
2024 Costless Collars NYMEX Henry Hub 60,000 
$3.17 / $3.96
Additionally, subsequent to year end, the Company restructured a portion of its natural gas sold call position by buying back a portion of its 2023 natural gas sold call position, and selling additional natural gas calls for 2023 and 2025. The following table summarizes these transactions:
Period Type of Derivative Instrument Index Daily Volume (MMBtu) Weighted
Average Price
2023 Purchased Gas Call Options NYMEX Henry Hub 134,137  $2.90
2023 Sold Gas Call Options NYMEX Henry Hub 134,137  $3.70
2025 Sold Gas Call Options NYMEX Henry Hub 160,000  $6.04