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SUBSEQUENT EVENTS
12 Months Ended
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:
PeriodType of Derivative InstrumentIndex
Daily Volume(1)
Weighted
Average Price
January 2023 - December 2023SwapsNYMEX WTI1,000 $69.78
January 2023 - December 2023SwapsNYMEX Henry Hub40,082 $3.56
January 2023 - December 2023SwapsMont Belvieu C31,000 $36.33
January 2023 - December 2023Basis SwapsRex Zone 310,000 $(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.