Quarterly report pursuant to Section 13 or 15(d)

SUBSEQUENT EVENTS (Tables)

v3.23.2
SUBSEQUENT EVENTS (Tables)
6 Months Ended
Jun. 30, 2023
Subsequent Events [Abstract]  
Schedule of Natural Gas Basis Swap Positions As of June 30, 2023, 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)
Remaining 2023 Rex Zone 3 NYMEX Plus Fixed Spread 140,000  $ (0.22)
Remaining 2023 NGPL TXOK NYMEX Plus Fixed Spread 80,000  $ (0.35)
Remaining 2023 TETCO M2 NYMEX Plus Fixed Spread 210,000  $ (0.91)
2024 Rex Zone 3 NYMEX Plus Fixed Spread 90,000  $ (0.15)
2024 NGPL TXOK NYMEX Plus Fixed Spread 60,000  $ (0.31)
2024 TETCO M2 NYMEX Plus Fixed Spread 89,945  $ (0.91)
Subsequent to June 30, 2023, as of July 27, 2023, the Company entered into the following derivative contracts:
Period Type of Derivative Instrument Index Daily Volume (MMBtu) Weighted
Average Price
2024 Basis Swaps Rex Zone 3 40,000  $(0.15)
2024 Basis Swaps NGPL TXOK 10,000  $(0.27)
2024 Swaps Mont Belvieu C3 500  $29.13
2024 Costless Collars NYMEX WTI 1,000 
$62.00 / $80.00
2025 Costless Collars NYMEX Henry Hub 20,000 
$3.60 / $4.20