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SUBSEQUENT EVENTS (Tables)
 12 Months Ended
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 PaysGulfport ReceivesDaily VolumeWeighted Average Fixed Spread
Natural Gas(MMBtu/d)($/MMBtu)
2025Rex Zone 3NYMEX Plus Fixed Spread110,000 $(0.20)
2025NGPL TXOKNYMEX Plus Fixed Spread40,000 $(0.29)
2025TETCO M2NYMEX Plus Fixed Spread230,000 $(0.96)
2025Transco Station 85NYMEX Plus Fixed Spread5,000 $0.38 
2025TGP 500NYMEX Plus Fixed Spread10,000 $0.31 
2026Rex Zone 3NYMEX Plus Fixed Spread40,000 $(0.19)
2026NGPL TXOKNYMEX Plus Fixed Spread30,000 $(0.30)
2026TETCO M2NYMEX Plus Fixed Spread130,000 $(0.98)
2026Transco Station 85NYMEX Plus Fixed Spread5,000 $0.52 
2026TGP 500NYMEX Plus Fixed Spread10,000 $0.54 
Subsequent to December 31, 2024 and as of February 20, 2025, the Company entered into the following derivative contracts:
PeriodType of Derivative InstrumentIndex
Daily Volume
Weighted
Average Price
Natural Gas
(MMBtu/d)($/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