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SUBSEQUENT EVENTS (Tables)
 12 Months Ended
Dec. 31, 2022
Subsequent Events [Abstract]  
Schedule of natural gas basis swap positions As of December 31, 2022, the Company had the following natural gas basis swap positions open:
Gulfport PaysGulfport ReceivesDaily VolumeWeighted Average Fixed Spread
Natural Gas(MMBtu/d)($/MMBtu)
2023Rex Zone 3NYMEX Plus Fixed Spread60,000 $(0.22)
2023NGPL TXOKNYMEX Plus Fixed Spread20,000 $(0.40)
2023TETCO M2NYMEX Plus Fixed Spread40,082 $(1.01)
2024TETCO M2NYMEX Plus Fixed Spread9,973 $(1.03)
Subsequent to December 31, 2022 and as of February 23, 2023, the Company entered into the following derivative contracts:
PeriodType of Derivative InstrumentIndexDaily Volume (MMBtu)Weighted
Average Price
2023Basis SwapsTETCO M276,219 $(0.85)
2023Basis SwapsRex Zone 359,452 $(0.22)
2023Basis SwapsNGPL TXOK42,685 $(0.34)
2024SwapsNYMEX Henry Hub30,000 $3.90
2024Costless CollarsNYMEX Henry Hub60,000 
$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:
PeriodType of Derivative InstrumentIndexDaily Volume (MMBtu)Weighted
Average Price
2023Purchased Gas Call OptionsNYMEX Henry Hub134,137 $2.90
2023Sold Gas Call OptionsNYMEX Henry Hub134,137 $3.70
2025Sold Gas Call OptionsNYMEX Henry Hub160,000 $6.04