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SUBSEQUENT EVENTS (Tables)
 12 Months Ended
Dec. 31, 2023
Subsequent Events [Abstract]  
Schedule of Natural Gas Basis Swap Positions As of December 31, 2023, the Company had the following natural gas basis swap positions open:
Gulfport PaysGulfport ReceivesDaily VolumeWeighted Average Fixed Spread
Natural Gas(MMBtu/d)($/MMBtu)
2024Rex Zone 3NYMEX Plus Fixed Spread150,000 $(0.15)
2024NGPL TXOKNYMEX Plus Fixed Spread70,000 $(0.31)
2024TETCO M2NYMEX Plus Fixed Spread179,945 $(0.93)
Subsequent to December 31, 2023 and as of February 26, 2024, the Company entered into the following derivative contracts:
PeriodType of Derivative InstrumentIndex
Daily Volume
Weighted
Average Price
Natural Gas
(MMBtu/d)($/MMBtu)
2024
Swaps
NYMEX Henry Hub
40,219 $2.66
2024
Basis Swaps
TETCO M2
18,306 $(0.90)
2025
Basis Swaps
TETCO M2
100,000 $(0.99)
2025
Costless Collars
NYMEX Henry Hub
30,000 
$3.25 / $4.03
NGL
(Bbl/d)($/Bbl)
2025
Swaps
Mont Belvieu C3
1,000 $30.14