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SUBSEQUENT EVENTS | 12 Months Ended
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Dec. 31, 2021
Subsequent Events [Abstract] |
SUBSEQUENT EVENTS | SUBSEQUENT EVENTS Natural gas, Oil and NGL Derivative Instruments 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. Release of Shares Held in Reserve In January 2022, approximately 876 thousand shares held for reserve at December 31, 2021, were issued to certain claimants. As of February 25, 2022. approximately 62 thousand shares continue to be held in reserve and will be issued upon finalization of remaining claims.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6842918&loc=SL6314017-165662 + Details
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