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SUBSEQUENT EVENTS (Tables) | 9 Months Ended
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Sep. 30, 2023
Subsequent Events [Abstract] |
Schedule of Natural Gas Basis Swap Positions | As of September 30, 2023, the Company had the following natural gas basis swap positions open:
| Gulfport Pays |  | Gulfport Receives |  | Daily Volume |  | Weighted Average Fixed Spread
Natural Gas |  |  |  |  | (MMBtu/d) |  | ($/MMBtu)
Remaining 2023 | Rex Zone 3 |  | NYMEX Plus Fixed Spread |  | 140,000 |  |  | $ | (0.22) |
Remaining 2023 | NGPL TXOK |  | NYMEX Plus Fixed Spread |  | 80,000 |  |  | $ | (0.35) |
Remaining 2023 | TETCO M2 |  | NYMEX Plus Fixed Spread |  | 210,000 |  |  | $ | (0.91) |
2024 | Rex Zone 3 |  | NYMEX Plus Fixed Spread |  | 150,000 |  |  | $ | (0.15) |
2024 | NGPL TXOK |  | NYMEX Plus Fixed Spread |  | 70,000 |  |  | $ | (0.31) |
2024 | TETCO M2 |  | NYMEX Plus Fixed Spread |  | 89,945 |  |  | $ | (0.91) |
Subsequent to September 30, 2023, as of October 26, 2023, the Company entered into the following derivative contracts:
Period |  | Type of Derivative Instrument |  | Index |  | Daily Volume |  | Weighted Average Price
Natural Gas |  |  |  |  |  | (MMBtu/d) |  | ($/MMBtu)
2024 |  | Costless Collars |  | NYMEX Henry Hub |  | 45,000 |  |  | $3.10 / $3.77
2024 |  | Basis Swaps |  | TETCO M2 |  | 50,000 |  |  | $(0.99)
2025 |  | Swaps |  | NYMEX Henry Hub |  | 40,000 |  |  | $4.04
NGL |  |  |  |  |  | (Bbl/d) |  | ($/Bbl)
2024 |  | Swaps |  | Mont Belvieu C3 |  | 500 |  |  | $30.03
2025 |  | Swaps |  | Mont Belvieu C3 |  | 1,000 |  |  | $30.03

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- Definition Tabular disclosure of the notional amounts of outstanding derivative positions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-1A + Details
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- References No definition available. + Details
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