Quarterly report pursuant to Section 13 or 15(d)

SUBSEQUENT EVENTS (Tables)

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SUBSEQUENT EVENTS (Tables)
6 Months Ended
Jun. 30, 2024
Subsequent Events [Abstract]  
Schedule of Natural Gas Basis Swap Positions As of June 30, 2024, 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 2024 Rex Zone 3 NYMEX Plus Fixed Spread 150,000  $ (0.15)
Remaining 2024 NGPL TXOK NYMEX Plus Fixed Spread 70,000  $ (0.31)
Remaining 2024 TETCO M2 NYMEX Plus Fixed Spread 230,000  $ (0.94)
2025 Rex Zone 3 NYMEX Plus Fixed Spread 90,000  $ (0.21)
2025 NGPL TXOK NYMEX Plus Fixed Spread 40,000  $ (0.29)
2025 TETCO M2 NYMEX Plus Fixed Spread 210,000  $ (0.96)
2026 TETCO M2 NYMEX Plus Fixed Spread 40,000  $ (1.06)
Subsequent to June 30, 2024, as of July 29, 2024, the Company entered into the following derivative contracts:
Period Type of Derivative Instrument Index
Daily Volume
Weighted
Average Price
Natural Gas (MMBtu/d) ($/MMBtu)
2025
Basis Swaps
TETCO M2
20,000  $(0.93)