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SUBSEQUENT EVENTS (Tables) | 9 Months Ended
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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

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- 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 + Details
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