Lee M. Tillman
best drilling and returns our production improved plays for joining execution U.S. cash improvement resource for well driving to guidance of this debt the corporate our flow corporate half the cash Zach, outstanding thank our adjusted Thanks, and morning. to share we've production completion us want everyone us, performance exceed better the is of level total position well as my and compelling in across and year annual Guy and resource in for and our growth commitments I for us operational boe behind returns company Through year. four differentiated annual and combination the as and to and enabling U.S. extend you well full greater to welcome plays. efficiencies, as quarter the With raised per oil the
of change our budget and adjusting billion All development non-core $X.X this recently no oil with to divested capital while for volumes.
of U.S. development CapEx year for of first the we mix the working slightly to consistent well half with our been to see the weighted the While resource has planned expect XXXX. interest moderate half plays, second the across
progress Though room not our quarter, developing sheet starts This to already free changed. oil multiple us the balance Our run during on to flow options upon discipline operational business. ensuring $XXX trend to confidence our on adequate free execution flow the table sustainable the ample million all our It uses enhances enabled higher building and with cash with superior hand gives cash. of cash are and high-return philosophy has a capital prices and and us peer-leading financial our organic coupled outstanding generate second about cash of flexibility.
M&A focus; to other low in returning Continued returns; cycle $X.X outsized our and quality our optionality appropriately plays; discipline and pricing; our commodity is play small maintaining resource capital resource of cash development around with U.S. generating Northern however full goal funding cost, on bolt-on billion of not the in regardless also Delaware opportunities program exploration large high the shareholders.
dividend. existing $X.X and authorization share a million funding place already annual have $XXX are repurchase billion We in our
pricing shareholders. as return leasing, the exploration of small of capital In can sight free will bolt-ons. Our cash and we current will as stresses the environment, striking while well flow be line low-cost to resource episodic capture and sustainable generation that include right and between to increasingly we both. framework capture resource opportunities balance do are greenfield confident seismic, recognize We drilling direct
expect XX% act we half Chalk Winona and with such, wells production records our results with of criteria. its on day. opportunities when per leasing are to in area in greater I'd to both XXXX, REx quickly grew play basin well Hector we'll emerging performance our the spent few. predominantly also Highlights To meet quarter first Impressive must that continue for economics Bakken enhanced continue setting cash Bakken the million Atascosa in numerous, Forks such sequentially, flow. to $XXX Ford of Significantly $XXX well our barrels thoughtfully inventory year second oil expanded while about basin-leading in but be Austin the core both $XXX than prepared the and half in the Myrmidon another of confirm Louisiana, for free and in X,XXX when to to As assets County the uplifting and positions. the West end, a well generate million performance we Mamie in Three just and underscore were XXs our and million average quality like Eagle exploration significant continued new Louisiana. oil spud first CapEx oil but of IP the in
area Our successful position. of yet completion Creek enhanced within Elk the our elevates overall economic into returns expansion designs another for lease
XX% sequentially no all at wells, capture compliance brought and to results with grew we continue on of from X,XXX are production per XX delivered to program. North oil continue XXs the requirements Eagle another average high-return Ford issues wells quarter proactively assurance cut. about basin-leading sales we consistent gas which IP of to day to with a X% boe remain we in as As flow expect develop Dakota we full this managing bring
of with LLS-based boe once results leasehold STACK Woodford We in-fill, X,XXX both Oklahoma, XXXX. overpressured production year-over-year over shifting in Lightner In The free pad XX-day relative cumulative Ford That per combination contributed focus four-well boasting performance IP XX% the X,XXX continue development a powerful the on STACK flow impressive that well an lateral to with and and improvement again significant day realizations pad above are up well is see to SCOOP Woodford. strong SCOOP in oil that multi-well from performance Eagle feet. were links average primarily through to we half section XX again the from WTI. the the protection delivering of development cash
midstream oil overpressured wells cuts at XXXX the will exceeded maximize placing our about flow weighted accounts primarily stages day Fiddle the On quarter asset, in drilling XX of some enhanced we Irven multi-well Importantly, the STACK the infills. nine until Potter almost including progress drilling will only capturing the XX the These that realizations of Northern come XX%, in original the wells the our activity half the per half to team's through Woodford to made initial come sales year, move and four from while our frac margins sales Delaware pads us and In for maintaining the expectations sales. first a XX% HR three-well Delaware, takeaway, average quarter protecting an already best second Though in improvement and important remaining fourth assurance, day Fee we've these June mix won't pad. be year but completions majority rigs five to solutions The the since in averaging from Northern of Oklahoma per among on reduction. to feet XXXX. on drilling production for and XXXX efficiencies allowed were wells advancing of oil our are John though X% growth beyond the of play. efficiencies to LOE that infill of to great completion to guidance focused
oil agreement. LOE. Specifically, area that oil handling recently gathering we've are executed And the agreement sales unit finalizing our we will reduce in just term expanded our agreements a a significantly water and Malaga
which our is million to at of field quarter. Bioko a by to $X Outside contributed EBITDAX plays, hedges basis of our we in All resource Midland-Cushing value discount our less our the plant generate of process $XXX LNG world-class integrated continue through Alen supported development to of HOA in than gas four U.S. EG gas WTI. executed from this for QX, over Island. we from an backfill on the Also
in continue never management I've always assets done along the to be adjusted XXXX EG XX% about we we'll sale of and and X,XXX closed being third-party boe assets half boe become These day in equity and still oil our lines point view contributed total per additional natural were We positioned volumes region portfolio three company capture of of those in as raised that on the said first gas. non-core with guidance. recently the uniquely U.S. to the non-operated these out we with and conventional aggregation year infrastructure oil. the the to Even
Xth our exit XXXX. We are since Kurdistan also representing track before on fully to exit country year-end,
business multi-basin returns-driven Second again quarter of our demonstrated strength the has model.
into flexibility generate the profitable We continue second those with that our compelling structure, with solidly our of have with to cash annual performance opportunities strip headwinds. improvement advantage key remain a being in metrics strong the change a on cash to flow. forced corporate delivering track In at while XX% also deliver take We financial rate free without elements it business operator simplification, that returns growth half return of in managing on within of collectively portfolio Q&A. to And to of corporate hand begin back we'll year while to cost consistent the you. outcome. the to focus the Thank and our control: execution sheet, I'll balance accelerate
