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SUBSEQUENT EVENTS

6 Months Ended

Jun. 30, 2023

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

Natural Gas, Oil and NGL Derivative Instruments

Subsequent to June 30, 2023, as of July 27, 2023, the Company entered into the following derivative contracts:

Period						Type of Derivative Instrument						Index						Daily Volume (MMBtu)						Weighted Average Price
2024						Basis Swaps						Rex Zone 3						40,000						$(0.15)
2024						Basis Swaps						NGPL TXOK						10,000						$(0.27)
2024						Swaps						Mont Belvieu C3						500						$29.13
2024						Costless Collars						NYMEX WTI						1,000						$62.00 / $80.00
2025						Costless Collars						NYMEX Henry Hub						20,000						$3.60 / $4.20

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- References

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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
-Topic 855
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//855/tableOfContent

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 855
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483399/855-10-50-2

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