Quarterly report [Sections 13 or 15(d)]

SUBSEQUENT EVENTS (Tables)

v3.25.1
SUBSEQUENT EVENTS (Tables)
3 Months Ended
Mar. 31, 2025
Subsequent Events [Abstract]  
Schedule of Open Fixed Price Swap Positions and Natural Gas Basis Swap Positions
The Company has entered into natural gas, crude oil and NGL fixed price swap contracts based off the NYMEX Henry Hub, NYMEX WTI and Mont Belvieu C3 indices. Below is a summary of the Company’s open fixed price swap positions as of March 31, 2025: 
Index Daily Volume Weighted
Average Price
Natural Gas (MMBtu/d) ($/MMBtu)
Remaining 2025 NYMEX Henry Hub 270,000  $ 3.82 
2026 NYMEX Henry Hub 200,000  $ 3.64 
Oil (Bbl/d) ($/Bbl)
Remaining 2025 NYMEX WTI 3,000  $ 73.29 
NGL (Bbl/d) ($/Bbl)
Remaining 2025 Mont Belvieu C3 2,669  $ 29.94 
2026 Mont Belvieu C3 1,496  $ 30.33 
The Company has entered into natural gas costless collars based off the NYMEX Henry Hub index. Below is a summary of the Company's costless collar positions as of March 31, 2025:
Index Daily Volume Weighted Average Floor Price Weighted Average Ceiling Price
Natural Gas (MMBtu/d) ($/MMBtu) ($/MMBtu)
Remaining 2025 NYMEX Henry Hub 220,000  $ 3.37  $ 4.23 
2026 NYMEX Henry Hub 150,000  $ 3.58  $ 4.48 
March 31, 2025:
Index Daily Volume Weighted Average Price
Natural Gas (MMBtu/d) ($/MMBtu)
Remaining 2025 NYMEX Henry Hub 191,127  $ 5.81 
Subsequent to March 31, 2025, as of April 30, 2025, 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
Costless Collars
NYMEX Henry Hub
17,818 
$4.00 / $4.66
2026
Costless Collars
NYMEX Henry Hub
20,000 
$4.00 / $4.52