Quarterly report pursuant to Section 13 or 15(d)

SUBSEQUENT EVENTS (Tables)

v3.22.1
SUBSEQUENT EVENTS (Tables)
3 Months Ended
Mar. 31, 2022
Subsequent Events [Abstract]  
Schedule of Natural Gas Basis Swap Positions
In addition, the Company entered into natural gas basis swap positions. As of March 31, 2022, the Company had the following natural gas swap positions open:
Gulfport Pays Gulfport Receives Daily Volume Weighted Average Fixed Spread
Natural Gas (MMBtu/d) ($/MMBtu)
2023 Rex Zone 3 NYMEX Plus Fixed Spread 20,000  $ (0.21)
The Company entered into the following natural gas, oil and NGL derivative contracts subsequent to March 31, 2022 as of April 29, 2022:
Type of Derivative Instrument Index Daily Volume Weighted
Average Price
Natural Gas (MMBtu/d) ($/MMBtu)
January 2023 - December 2023 Fixed price swap NYMEX Henry Hub 10,000  $5.17
January 2023 - December 2023 Costless collar NYMEX Henry Hub 200,000 
$3.00 / $5.00
January 2023 - December 2023 Call option NYMEX Henry Hub (100,000) $2.90
January 2024 - December 2024 Fixed price swap NYMEX Henry Hub 10,000  $4.16
January 2024 - December 2024 Call option NYMEX Henry Hub 40,000  $4.65
January 2025 - October 2025 Call option NYMEX Henry Hub 40,000  $4.65
Oil (Bbl/d) ($/Bbl)
January 2023 - December 2023 Fixed price swap NYMEX WTI 1,000  $87.62
NGL (Bbl/d) ($/Bbl)
January 2023 - December 2023 Fixed price swap Mont Belvieu C3 1,000  $44.10