GULFPORT ENERGY CORP
For the period ended Sep 30, 2024. Filed Nov 6, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 6, 2024
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16. Subsequent Events
- SUBSEQUENT EVENTS
Natural Gas, Oil and NGL Derivative Instruments
Subsequent to September 30, 2024, as of October 28, 2024, the Company entered into the following derivative contracts:
| Period | Type of Derivative Instrument | Index | Daily Volume | WeightedAverage Price |
|---|---|---|---|---|
| Natural Gas · (MMBtu/d) · ($/MMBtu) | ||||
| 2025 | Basis Swaps | Rex Zone 3 | 20,000 | $(0.18) |
| 2025 | Basis Swaps | TGP 500 | 10,000 | $0.31 |
| 2025 | Basis Swaps | Transco Station 85 | 5,000 | $0.38 |
| 2026 | Basis Swaps | Rex Zone 3 | 40,000 | $(0.19) |
| 2026 | Basis Swaps | TGP 500 | 10,000 | $0.54 |
| 2026 | Basis Swaps | Transco Station 85 | 5,000 | $0.52 |
| 2026 | Basis Swaps | TETCO M2 | 20,000 | $(0.94) |
Expanded Common Stock Repurchase Program
On November 4, 2024, the Company's Board of Directors approved an increase to the authorized Repurchase Program from $650 million to $1 billion and extended the authorization through December 31, 2025.
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