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SUBSEQUENT EVENTS (Tables)

6 Months Ended

Jun. 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 June 30, 2021.

			Gulfport Pays						Gulfport Receives						Daily Volume						Weighted Average Fixed Spread
Natural Gas (MMBtu/day)
Remaining 2021			Rex Zone 3						NYMEX Plus Fixed Spread						66,576						$	(0.16)
2022			Rex Zone 3						NYMEX Plus Fixed Spread						24,658						$	(0.10)

Subsequent to June 30, 2021 and as of July 31, 2021, the Company entered into the following natural gas and oil derivative contracts:

Type of Derivative Instrument

Index

Daily Volume

Weighted Average Price

Natural Gas (MMBtu/day)

April 2022 - December 2022

Fixed price swap

NYMEX Henry Hub

80,073

$2.99

January 2023 - March 2023

Fixed price swap

NYMEX Henry Hub

20,000

$3.13

Oil (Bbl/day)

January 2022 - December 2022

Fixed price swap

NYMEX WTI

1,104

$65.54

X

- Definition

Tabular disclosure of the notional amounts of outstanding derivative positions.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1A
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5579245-113959

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- References

No definition available.

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