|
In addition, the Company has entered into natural gas basis swap positions. These instruments are arrangements that guarantee a fixed price differential to NYMEX Henry Hub from a specified delivery point. The Company receives the fixed price differential and pays the floating market price differential to the counterparty for the hedged commodity. As of September 30, 2026, 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 2026 |
TETCO M2 |
|
NYMEX Plus Fixed Spread |
|
170,000 |
|
|
$ |
(0.95) |
|
| Remaining 2026 |
Rex Zone 3 |
|
NYMEX Plus Fixed Spread |
|
80,000 |
|
|
$ |
(0.18) |
|
| Remaining 2026 |
NGPL TXOK |
|
NYMEX Plus Fixed Spread |
|
30,000 |
|
|
$ |
(0.30) |
|
| Remaining 2026 |
Transco Station 85 |
|
NYMEX Plus Fixed Spread |
|
10,000 |
|
|
$ |
0.56 |
|
| Remaining 2026 |
TGP 500 |
|
NYMEX Plus Fixed Spread |
|
20,000 |
|
|
$ |
0.56 |
|
| 2027 |
TETCO M2 |
|
NYMEX Plus Fixed Spread |
|
130,000 |
|
|
$ |
(0.82) |
|
| 2027 |
Rex Zone 3 |
|
NYMEX Plus Fixed Spread |
|
100,000 |
|
|
$ |
(0.20) |
|
| 2027 |
NGPL TXOK |
|
NYMEX Plus Fixed Spread |
|
40,000 |
|
|
$ |
(0.33) |
|
| 2028 |
TETCO M2 |
|
NYMEX Plus Fixed Spread |
|
40,000 |
|
|
$ |
(0.71) |
|
| 2028 |
Rex Zone 3 |
|
NYMEX Plus Fixed Spread |
|
60,000 |
|
|
$ |
(0.20) |
|
Subsequent to September 30, 2026, as of October 29, 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) |
| 2027 |
|
Basis Swaps |
|
TETCO M2 |
|
30,000 |
|
|
$ |
(0.69) |
|
|
|
|
|
|
|
|
|
|
| Oil |
|
|
|
|
|
(Bbl/d) |
|
($/Bbl) |
| 2027 |
|
Swaps |
|
NYMEX WTI |
|
756 |
|
|
$ |
76.43 |
|
| 2028 |
|
Swaps |
|
NYMEX WTI |
|
750 |
|
|
$ |
75.00 |
|
|
|
|
|
|
|
|
|
|
| NGL |
|
|
|
|
|
(Bbl/d) |
|
($/Bbl) |
| 2027 |
|
Swaps |
|
Mont Belvieu C3 |
|
1,000 |
|
|
$ |
36.58 |
|
| 2027 |
|
Swaps |
|
Mont Belvieu NC4 |
|
500 |
|
$ |
51.14 |
|
|