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SUBSEQUENT EVENTS (Tables) | 12 Months Ended
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Dec. 31, 2024
Subsequent Events [Abstract] |
Schedule of Natural Gas Basis Swap Positions | As of December 31, 2024, 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)
2025 | Rex Zone 3 |  | NYMEX Plus Fixed Spread |  | 110,000 |  |  | $ | (0.20) |
2025 | NGPL TXOK |  | NYMEX Plus Fixed Spread |  | 40,000 |  |  | $ | (0.29) |
2025 | TETCO M2 |  | NYMEX Plus Fixed Spread |  | 230,000 |  |  | $ | (0.96) |
2025 | Transco Station 85 |  | NYMEX Plus Fixed Spread |  | 5,000 |  |  | $ | 0.38 |
2025 | TGP 500 |  | NYMEX Plus Fixed Spread |  | 10,000 |  |  | $ | 0.31 |
2026 | Rex Zone 3 |  | NYMEX Plus Fixed Spread |  | 40,000 |  |  | $ | (0.19) |
2026 | NGPL TXOK |  | NYMEX Plus Fixed Spread |  | 30,000 |  |  | $ | (0.30) |
2026 | TETCO M2 |  | NYMEX Plus Fixed Spread |  | 130,000 |  |  | $ | (0.98) |
2026 | Transco Station 85 |  | NYMEX Plus Fixed Spread |  | 5,000 |  |  | $ | 0.52 |
2026 | TGP 500 |  | NYMEX Plus Fixed Spread |  | 10,000 |  |  | $ | 0.54 |
Subsequent to December 31, 2024 and as of February 20, 2025, the Company entered into the following derivative contracts:
Period |  | Type of Derivative Instrument |  | Index |  | Daily Volume |  | Weighted Average Price
Natural Gas |  |  |  |  |  | (MMBtu/d) |  | ($/MMBtu)
2025 |  | Swaps |  | NYMEX Henry Hub |  | 18,301 |  |  | $3.85
2026 |  | Basis Swaps |  | Rex Zone 3 |  | 40,000 |  |  | $(0.17)
Oil |  |  |  |  |  | (Bbl/d) |  | ($/Bbl)
2025 |  | Swaps |  | NYMEX WTI |  | 1,000 |  |  | $70.87

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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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