Quarterly report [Sections 13 or 15(d)]

SUBSEQUENT EVENTS (Tables)

v3.25.2
SUBSEQUENT EVENTS (Tables)
6 Months Ended
Jun. 30, 2025
Subsequent Events [Abstract]  
Schedule of Natural Gas Basis Swap Positions As of June 30, 2025, 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 2025 Rex Zone 3 NYMEX Plus Fixed Spread 110,000  $ (0.20)
Remaining 2025 NGPL TXOK NYMEX Plus Fixed Spread 40,000  $ (0.29)
Remaining 2025 TETCO M2 NYMEX Plus Fixed Spread 230,000  $ (0.96)
Remaining 2025 Transco Station 85 NYMEX Plus Fixed Spread 10,000  $ 0.45 
Remaining 2025 TGP 500 NYMEX Plus Fixed Spread 20,000  $ 0.41 
2026 Rex Zone 3 NYMEX Plus Fixed Spread 80,000  $ (0.18)
2026 NGPL TXOK NYMEX Plus Fixed Spread 30,000  $ (0.30)
2026 TETCO M2 NYMEX Plus Fixed Spread 130,000  $ (0.98)
2026 Transco Station 85 NYMEX Plus Fixed Spread 10,000  $ 0.56 
2026 TGP 500 NYMEX Plus Fixed Spread 20,000  $ 0.56 
Subsequent to June 30, 2025, as of July 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)
2027
Costless Collar
NYMEX Henry Hub
10,000 
$3.75 / $4.52
2027
Swaps
NYMEX Henry Hub
10,000  $4.04
2027
Basis Swaps
TETCO M2
20,000  $(0.97)
2027
Basis Swaps
NGPL TXOK
10,000  $(0.29)