Annual report [Section 13 and 15(d), not S-K Item 405]

SUBSEQUENT EVENTS

v3.25.4
SUBSEQUENT EVENTS
12 Months Ended
Dec. 31, 2025
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS SUBSEQUENT EVENTS
Natural gas, Oil and NGL Derivative Instruments
Subsequent to December 31, 2025 and as of February 19, 2026, the Company entered into the following derivative contracts:
Period Type of Derivative Instrument Index Daily Volume Weighted
Average Price
Natural Gas (MMBtu/d) ($/MMBtu)
2026 Swaps NYMEX Henry Hub 36,603  $3.86
2027
Swaps
NYMEX Henry Hub
40,000  $3.80
2027
Basis Swaps
TETCO M2
50,000  $(0.80)
2027
Basis Swaps
Rex Zone 3
30,000  $(0.22)
2027
Basis Swaps
NGPL TXOK
30,000  $(0.34)
Oil (Bbl/d) ($/Bbl)
2026
Costless Collars
NYMEX WTI 1,125 
$55.00 / $71.18
2027
Costless Collars
NYMEX WTI
300 
$55.00 / $68.00