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SUBSEQUENT EVENTS | 12 Months Ended
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Dec. 31, 2022
Subsequent Events [Abstract] |
SUBSEQUENT EVENTS | SUBSEQUENT EVENTS Natural gas, Oil and NGL Derivative Instruments Subsequent to December 31, 2022 and as of February 23, 2023, the Company entered into the following derivative contracts:
Period |  | Type of Derivative Instrument |  | Index |  | Daily Volume (MMBtu) |  | Weighted Average Price
2023 |  | Basis Swaps |  | TETCO M2 |  | 76,219 |  |  | $(0.85)
2023 |  | Basis Swaps |  | Rex Zone 3 |  | 59,452 |  |  | $(0.22)
2023 |  | Basis Swaps |  | NGPL TXOK |  | 42,685 |  |  | $(0.34)
2024 |  | Swaps |  | NYMEX Henry Hub |  | 30,000 |  |  | $3.90
2024 |  | Costless Collars |  | NYMEX Henry Hub |  | 60,000 |  |  | $3.17 / $3.96
Additionally, subsequent to year end, the Company restructured a portion of its natural gas sold call position by buying back a portion of its 2023 natural gas sold call position, and selling additional natural gas calls for 2023 and 2025. The following table summarizes these transactions:
Period |  | Type of Derivative Instrument |  | Index |  | Daily Volume (MMBtu) |  | Weighted Average Price
2023 |  | Purchased Gas Call Options |  | NYMEX Henry Hub |  | 134,137 |  |  | $2.90
2023 |  | Sold Gas Call Options |  | NYMEX Henry Hub |  | 134,137 |  |  | $3.70
2025 |  | Sold Gas Call Options |  | NYMEX Henry Hub |  | 160,000 |  |  | $6.04
Expanded Common Stock Repurchase Program On February 27, 2023, the Company's Board of Directors approved an increase to the authorized common stock repurchase amounts under its Repurchase Program from $300 million to $400 million. The additional $100 million authorization expires on March 31, 2024.

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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 https://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 https://asc.fasb.org/extlink&oid=6842918&loc=SL6314017-165662 + Details
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