Annual report pursuant to Section 13 and 15(d)

SUBSEQUENT EVENTS

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SUBSEQUENT EVENTS
 12 Months Ended
Dec. 31, 2021
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS SUBSEQUENT EVENTS
Natural gas, Oil and NGL Derivative Instruments
Subsequent to December 31, 2021 and as of February 25, 2022, the Company entered into the following natural gas, oil, and NGL derivative contracts:
Period Type of Derivative Instrument Index
Daily Volume(1)
Weighted
Average Price
January 2023 - December 2023 Swaps NYMEX WTI 1,000  $69.78
January 2023 - December 2023 Swaps NYMEX Henry Hub 40,082  $3.56
January 2023 - December 2023 Swaps Mont Belvieu C3 1,000  $36.33
January 2023 - December 2023 Basis Swaps Rex Zone 3 10,000  $(0.20)
(1)    Volumes for gas instruments are presented in MMBtu while oil and NGL volumes are presented in Bbls.
Release of Shares Held in Reserve
In January 2022, approximately 876 thousand shares held for reserve at December 31, 2021, were issued to certain claimants. As of February 25, 2022. approximately 62 thousand shares continue to be held in reserve and will be issued upon finalization of remaining claims.