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SUBSEQUENT EVENTS (Tables) | 12 Months Ended
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Dec. 31, 2021
Subsequent Events [Abstract] |
Schedule of natural gas basis swap positions | As of December 31, 2021, 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)
2022 | Rex Zone 3 |  | NYMEX Plus Fixed Spread |  | 24,658 |  |  | $ | (0.10) |
2022 | ONG |  | NYMEX Plus Fixed Spread |  | 7,397 |  |  | $ | 0.50 |
2023 | Rex Zone 3 |  | NYMEX Plus Fixed Spread |  | 10,000 |  |  | $ | (0.22) |
Subsequent to December 31, 2021 and as of February 25, 2022, the Company entered into the following natural gas, oil, and NGL derivative contracts:
Period |  | Type of Derivative Instrument |  | Index |  | Daily Volume(1) |  | Weighted Average Price
January 2023 - December 2023 |  | Swaps |  | NYMEX WTI |  | 1,000 |  |  | $69.78
January 2023 - December 2023 |  | Swaps |  | NYMEX Henry Hub |  | 40,082 |  |  | $3.56
January 2023 - December 2023 |  | Swaps |  | Mont Belvieu C3 |  | 1,000 |  |  | $36.33
January 2023 - December 2023 |  | Basis Swaps |  | Rex Zone 3 |  | 10,000 |  |  | $(0.20)
(1) Volumes for gas instruments are presented in MMBtu while oil and NGL volumes are presented in Bbls.

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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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- References No definition available. + Details
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