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SUBSEQUENT EVENTS (Tables)
6 Months Ended
Jun. 30, 2024
Subsequent Events [Abstract]  
Schedule of Natural Gas Basis Swap Positions As of June 30, 2024, the Company had the following natural gas basis swap positions open:
Gulfport PaysGulfport ReceivesDaily VolumeWeighted Average Fixed Spread
Natural Gas(MMBtu/d)($/MMBtu)
Remaining 2024Rex Zone 3NYMEX Plus Fixed Spread150,000 $(0.15)
Remaining 2024NGPL TXOKNYMEX Plus Fixed Spread70,000 $(0.31)
Remaining 2024TETCO M2NYMEX Plus Fixed Spread230,000 $(0.94)
2025Rex Zone 3NYMEX Plus Fixed Spread90,000 $(0.21)
2025NGPL TXOKNYMEX Plus Fixed Spread40,000 $(0.29)
2025TETCO M2NYMEX Plus Fixed Spread210,000 $(0.96)
2026TETCO M2NYMEX Plus Fixed Spread40,000 $(1.06)
Subsequent to June 30, 2024, as of July 29, 2024, the Company entered into the following derivative contracts:
PeriodType of Derivative InstrumentIndex
Daily Volume
Weighted
Average Price
Natural Gas(MMBtu/d)($/MMBtu)
2025
Basis Swaps
TETCO M2
20,000 $(0.93)