Quarterly report pursuant to Section 13 or 15(d)

SUBSEQUENT EVENTS (Tables)

v3.21.2
SUBSEQUENT EVENTS (Tables)
9 Months Ended
Sep. 30, 2021
Subsequent Events [Abstract]  
Schedule of Natural Gas Basis Swap Positions
Below is a summary of the Company's natural gas basis swap positions as of September 30, 2021.
Gulfport Pays Gulfport Receives Daily Volume Weighted Average Fixed Spread
Natural Gas (MMBtu/d) ($/MMBtu)
Remaining 2021 Rex Zone 3 NYMEX Plus Fixed Spread 83,152  $ (0.12)
2022 Rex Zone 3 NYMEX Plus Fixed Spread 24,658  $ (0.10)
Subsequent to September 30, 2021 and as of October 28, 2021, the Company entered into the following natural gas derivative contracts:
Type of Derivative Instrument Index Daily Volume Weighted
Average Price
Natural Gas (MMBtu/d) ($/MMBtu)
November 2021 - December 2021 Basis Swap ONG Minus Inside FERC 20,000  $0.50
January 2022 - March 2022 Basis Swap ONG Minus Inside FERC 20,000  $0.50
January 2023 - December 2023 Fixed price swap NYMEX Henry Hub 30,000  $3.58