As of December 31, 2025, 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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($/MMBtu) |
| 2026 |
Rex Zone 3 |
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NYMEX Plus Fixed Spread |
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80,000 |
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$ |
(0.18) |
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| 2026 |
NGPL TXOK |
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NYMEX Plus Fixed Spread |
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30,000 |
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$ |
(0.30) |
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| 2026 |
TETCO M2 |
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NYMEX Plus Fixed Spread |
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170,000 |
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$ |
(0.95) |
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| 2026 |
Transco Station 85 |
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NYMEX Plus Fixed Spread |
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10,000 |
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$ |
0.56 |
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| 2026 |
TGP 500 |
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NYMEX Plus Fixed Spread |
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20,000 |
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$ |
0.56 |
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| 2027 |
Rex Zone 3 |
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NYMEX Plus Fixed Spread |
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20,000 |
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$ |
(0.16) |
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| 2027 |
NGPL TXOK |
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NYMEX Plus Fixed Spread |
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10,000 |
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$ |
(0.29) |
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| 2027 |
TETCO M2 |
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NYMEX Plus Fixed Spread |
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50,000 |
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$ |
(0.91) |
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Subsequent to December 31, 2025 and as of February 19, 2026, 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) |
| 2026 |
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Swaps |
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NYMEX Henry Hub |
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36,603 |
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$3.86 |
| 2027 |
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Swaps |
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NYMEX Henry Hub |
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40,000 |
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$3.80 |
2027 |
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Basis Swaps |
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TETCO M2 |
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50,000 |
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$(0.80) |
2027 |
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Basis Swaps |
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Rex Zone 3 |
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30,000 |
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$(0.22) |
2027 |
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Basis Swaps |
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NGPL TXOK |
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30,000 |
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$(0.34) |
| Oil |
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(Bbl/d) |
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($/Bbl) |
| 2026 |
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Costless Collars |
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NYMEX WTI |
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1,125 |
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$55.00 / $71.18 |
2027 |
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Costless Collars |
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NYMEX WTI |
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300 |
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$55.00 / $68.00 |
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