Company: GPOR
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001628280-25-022951
Chunk: 59

Company: GULFPORT ENERGY CORP
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 59
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 the contract, the Company receives an amount from the counterparty based on the price difference multiplied by the volume. Similarly, when the referenced settlement price exceeds the price specified in the contract, the Company pays the counterparty an amount based on the price difference multiplied by the volume.

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The Company has entered into natural gas, crude oil and NGL fixed price swap contracts based off the NYMEX Henry Hub, NYMEX WTI and Mont Belvieu C3 indices. Below is a summary of the Company’s open fixed price swap positions as of March 31, 2025: IndexDaily VolumeWeightedAverage PriceNatural Gas(MMBtu/d)($/MMBtu)Remaining 2025NYMEX Henry Hub270,000 $3.82 2026NYMEX Henry Hub200,000 $3.64 Oil(Bbl/d)($/Bbl)Remaining 2025NYMEX WTI3,000 $73.29 NGL(Bbl/d)($/Bbl)Remaining 2025Mont Belvieu C32,669 $29.94 2026Mont Belvieu C31,496 $30.33 Each two-way costless collar has a set floor and ceiling price for the hedged production. They are settled monthly based on differences between the floor and ceiling prices specified in the contract and the referenced settlement price. If the applicable monthly price indices are outside of the ranges set by the floor and ceiling prices in the collar contracts, the Company will cash-settle the difference with the hedge counterparty. When the referenced settlement price is less than the floor price in the contract, the Company receives an amount from the counterparty based on the price difference multiplied by the hedged contract volume. Similarly, when the referenced settlement price exceeds the ceiling price specified in the contract, the Company pays the counterparty an amount based on the price difference multiplied by the hedged contract volume. No payment is due from either party if the referenced settlement price is within the range set by the floor and ceiling prices. The Company has entered into natural gas costless collars based off the NYMEX Henry Hub index. Below is a summary of the Company's costless collar positions as of March 31, 2025:IndexDaily VolumeWeighted Average Floor PriceWeighted Average Ceiling PriceNatural Gas(MMBtu/d)($/MMBtu)($/MMBtu)Remaining 2025NYMEX Henry Hub220,