As of September 30, 2024, the Company had the following natural gas basis 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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($/MMBtu) |
| Remaining 2024 |
Rex Zone 3 |
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NYMEX Plus Fixed Spread |
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150,000 |
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$ |
(0.15) |
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| Remaining 2024 |
NGPL TXOK |
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NYMEX Plus Fixed Spread |
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70,000 |
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$ |
(0.31) |
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| Remaining 2024 |
TETCO M2 |
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NYMEX Plus Fixed Spread |
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230,000 |
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$ |
(0.94) |
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| 2025 |
Rex Zone 3 |
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NYMEX Plus Fixed Spread |
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90,000 |
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$ |
(0.21) |
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| 2025 |
NGPL TXOK |
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NYMEX Plus Fixed Spread |
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40,000 |
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$ |
(0.29) |
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| 2025 |
TETCO M2 |
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NYMEX Plus Fixed Spread |
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230,000 |
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$ |
(0.96) |
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| 2026 |
TETCO M2 |
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NYMEX Plus Fixed Spread |
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110,000 |
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$ |
(0.99) |
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Subsequent to September 30, 2024, as of October 28, 2024, the Company entered into the following derivative contracts:
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| Period |
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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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($/MMBtu) |
2025 |
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Basis Swaps |
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Rex Zone 3 |
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20,000 |
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$(0.18) |
2025 |
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Basis Swaps |
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TGP 500 |
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10,000 |
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$0.31 |
2025 |
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Basis Swaps |
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Transco Station 85 |
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5,000 |
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$0.38 |
2026 |
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Basis Swaps |
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Rex Zone 3 |
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40,000 |
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$(0.19) |
2026 |
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Basis Swaps |
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TGP 500 |
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10,000 |
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$0.54 |
2026 |
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Basis Swaps |
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Transco Station 85 |
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5,000 |
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$0.52 |
2026 |
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Basis Swaps |
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TETCO M2 |
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20,000 |
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$(0.94) |
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