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SUBSEQUENT EVENTS (Tables)
 3 Months Ended
Mar. 31, 2022
Subsequent Events [Abstract]  
Schedule of Natural Gas Basis Swap Positions
In addition, the Company entered into natural gas basis swap positions. As of March 31, 2022, the Company had the following natural gas swap positions open:
Gulfport PaysGulfport ReceivesDaily VolumeWeighted Average Fixed Spread
Natural Gas(MMBtu/d)($/MMBtu)
2023Rex Zone 3NYMEX Plus Fixed Spread20,000 $(0.21)
The Company entered into the following natural gas, oil and NGL derivative contracts subsequent to March 31, 2022 as of April 29, 2022:
Type of Derivative InstrumentIndexDaily VolumeWeighted
Average Price
Natural Gas(MMBtu/d)($/MMBtu)
January 2023 - December 2023Fixed price swapNYMEX Henry Hub10,000 $5.17
January 2023 - December 2023Costless collarNYMEX Henry Hub200,000 
$3.00 / $5.00
January 2023 - December 2023Call optionNYMEX Henry Hub(100,000)$2.90
January 2024 - December 2024Fixed price swapNYMEX Henry Hub10,000 $4.16
January 2024 - December 2024Call optionNYMEX Henry Hub40,000 $4.65
January 2025 - October 2025Call optionNYMEX Henry Hub40,000 $4.65
Oil(Bbl/d)($/Bbl)
January 2023 - December 2023Fixed price swapNYMEX WTI1,000 $87.62
NGL(Bbl/d)($/Bbl)
January 2023 - December 2023Fixed price swapMont Belvieu C31,000 $44.10