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SUBSEQUENT EVENTS (Tables)
9 Months Ended
Sep. 30, 2024
Subsequent Events [Abstract]  
Schedule of Natural Gas Basis Swap Positions As of September 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 Spread230,000 $(0.96)
2026TETCO M2NYMEX Plus Fixed Spread110,000 $(0.99)
Subsequent to September 30, 2024, as of October 28, 2024, the Company entered into the following derivative contracts:
PeriodType of Derivative InstrumentIndex
Daily Volume
Weighted
Average Price
Natural Gas
(MMBtu/d)($/MMBtu)
2025
Basis Swaps
Rex Zone 3
20,000 $(0.18)
2025
Basis Swaps
TGP 500
10,000 $0.31
2025
Basis Swaps
Transco Station 85
5,000 $0.38
2026
Basis Swaps
Rex Zone 3
40,000 $(0.19)
2026
Basis Swaps
TGP 500
10,000 $0.54
2026
Basis Swaps
Transco Station 85
5,000 $0.52
2026
Basis Swaps
TETCO M2
20,000 $(0.94)