Quarterly report pursuant to Section 13 or 15(d)

SUBSEQUENT EVENTS (Tables)

v3.21.1
SUBSEQUENT EVENTS (Tables)
 3 Months Ended
Mar. 31, 2021
Subsequent Events [Abstract]  
Schedule of Natural Gas Basis Swap Positions Below is a summary of the Company's basis swap positions as of March 31, 2021.
Gulfport Pays Gulfport Receives Daily Volume
(MMBtu/day)		 Weighted Average Fixed Spread
Remaining 2021 Rex Zone 3 NYMEX Plus Fixed Spread 85,309  $ (0.22)
Remaining 2021 Tetco M2 NYMEX Plus Fixed Spread 32,384  $ (0.63)
2022 Rex Zone 3 NYMEX Plus Fixed Spread 14,795  $ (0.10)
Subsequent to March 31, 2021 and as of April 30, 2021, the Company entered into the following natural gas and oil derivative contracts as it completed minimum hedging requirements as provided for in the RSA:
Period Type of Derivative Instrument Index
Daily Volume(1)
Weighted
Average Price
November 2021 - March 2022 Basis Swaps Rex Zone 3 40,000  $ (0.10)
April 2022 - December 2022 Costless Collars NYMEX Henry Hub 139,773 
$2.40/$2.60
January 2022 - December 2022 Costless Collars NYMEX WTI 1,500 
$55.00/$60.00
(1)    Volume units for gas instruments are presented as MMBtu/day and oil is presented in Bbls/day.