Quarterly report pursuant to Section 13 or 15(d)

SUBSEQUENT EVENTS (Tables)

v3.23.3
SUBSEQUENT EVENTS (Tables)
9 Months Ended
Sep. 30, 2023
Subsequent Events [Abstract]  
Schedule of Natural Gas Basis Swap Positions As of September 30, 2023, 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 2023 Rex Zone 3 NYMEX Plus Fixed Spread 140,000  $ (0.22)
Remaining 2023 NGPL TXOK NYMEX Plus Fixed Spread 80,000  $ (0.35)
Remaining 2023 TETCO M2 NYMEX Plus Fixed Spread 210,000  $ (0.91)
2024 Rex Zone 3 NYMEX Plus Fixed Spread 150,000  $ (0.15)
2024 NGPL TXOK NYMEX Plus Fixed Spread 70,000  $ (0.31)
2024 TETCO M2 NYMEX Plus Fixed Spread 89,945  $ (0.91)
Subsequent to September 30, 2023, as of October 26, 2023, the Company entered into the following derivative contracts:
Period Type of Derivative Instrument Index
Daily Volume
Weighted
Average Price
Natural Gas (MMBtu/d) ($/MMBtu)
2024
Costless Collars
NYMEX Henry Hub
45,000 
$3.10 / $3.77
2024
Basis Swaps
TETCO M2
50,000  $(0.99)
2025
Swaps
NYMEX Henry Hub
40,000  $4.04
NGL (Bbl/d) ($/Bbl)
2024
Swaps
Mont Belvieu C3
500  $30.03
2025
Swaps
Mont Belvieu C3
1,000  $30.03