Subsequent Events (Tables)

12 Months Ended

Dec. 31, 2020

Subsequent Events [Abstract]

Schedule of natural gas basis swap positions

As of December 31, 2020, the Company had the following natural gas basis swap positions open:

	Gulfport Pays	Gulfport Receives	Daily Volume (MMBtu/day)	Weighted Average Fixed Spread
2021	Rex Zone 3	NYMEX Plus Fixed Spread	35,000	$	(0.21)
2021	Tetco M2	NYMEX Plus Fixed Spread	60,000	$	(0.67)

Subsequent to December 31, 2020 and as of March 1, 2021, the Company entered into the following natural gas, oil, and NGL derivative contracts as it works toward fulfilling minimum hedging requirements as provided for in the RSA:

Period	Type of Derivative Instrument	Index	Daily Volume(1)	Weighted Average Price
July 2021 - December 2021	Swaps	NYMEX WTI	2,250	$53.07
July 2021 - December 2021	Swaps	Mont Belvieu C3	3,100	$27.80
January 2022 - June 2022	Swaps	Mont Belvieu C3	1,000	$27.30
April 2021 - May 2021	Basis Swaps	Tetco M2	36,443	$(0.61)
February 2021 - October 2021	Basis Swaps	Rex Zone 3	94,505	$(0.22)
July 2021 - December 2021	Costless Collars	NYMEX Henry Hub	210,000	$2.67/$3.15
January 2022 - March 2022	Costless Collars	NYMEX Henry Hub	340,000	$2.82/$3.40

(1)    Volume units for gas instruments are presented as MMBtu/day while oil and NGL is presented in Bbls/day.