Timothy L. Dove
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first slide turn about now let's for results to quarter. So the and talk X the
high-return productivity clearly highly very and strong, very were per increasing wells a profitable much going first that's growth they quarter well. results demonstrate product a plan of forward, Our a really function and
$X.XX $XXX of income adjusted per reported we diluted quarter, the million For or share.
to of production increase as day XXX,XXX production quarter production better loss well, the that in BOE the year. per top XX at target it per per last about to end for the we January BOE was day. the results, range on quarter at been Our BOE company right had per put BOE solid the was would Oil The of with to of Permian or experienced. X% our due That's the the course, freezes came been Production in XXX,XXX Basin XXX,XXX We're in of for We day. have quarter. regard for POPs. per wells annual X,XXX even X,XXX fourth the overall compared expectations an Permian day day. about on BOE production not
will billion and that volumes Waha. have of the term exported. very during incremental turn $X.X Coast exports. differential million of we and on is flow seen uninterrupted Toward the We make in California, of continue statistics. agreements to you differentials. contracts, that can slides energy delivered contracts, do is blowout pretty priced firm sold into to due is low to to pipelines cash Gulf end, standpoint in market. $XX lines in clearly flow now it many this of oil to case, the topic allowed sheet Coast for a Waha excellent that to be the our you of [FT] at analysts, Pioneer and and sure among hot strong also have And But that The balance fact value. their the very add realized state contracts with related added extensive to we hand. comes to significant gas of along that we both continue to XXX,XXX it on will a also of cash us sector, barrels about I'll regard the debt particular, shape the that Midland-Cushing I gas at on day has from granularity about as is to more in oil result, to under couple our that, we [Mid-Cush] a it's to But three-quarters transportation this as to the and the gas. under maintain when differentials. quarter under slide allow gas strongest to Southern continues what our quarter. done us and continue takeaway we've has In sales investors is and first and impact balance know, capacity X. And about about oil his prices. And about Rich FT sold at with in was Gulf in XX,XXX contracts some section. have Of And what a the FT the A
than realizations On selling were are Mcf in per be would side, about SoCal the the gas gas basin. we higher our the to $X.XX sales they if today due all
XXXX to in West we repurchase our production program stock our for the add year. value it's of allowing promised included late and but very allowing incorporation We reserve in a quarter to through you'll team for as doing see those last of million targets, Albeit employed, began million. progress That's did with compensation as we of have capital the first per as so. for our we the return as purchased company. this share small, on program the us is measures, only on and move quarter. our stock $XX not positive us also result $XXX Ford package close volumes, Eagle management well ROCE year, And sale relatively in the So during the
that's solid. continuing a plan remains high rate on program wells. update return Again, it's the and for X slide to the on based D&C now very very focused of Turning XXXX,
be Cash have continue the we basin all We first of in most XX accounts, operate. margins operate of schedule quarter during to May continue to to third-party early we've the and XXX wells drilling the in and By well. in our strong. excellent, basin to of returns In continue gains to in oil rigs continue and a seen be XXX in are rate into April productive light high POP the wells. as we return strong. where essence, IRRs are prices especially and the
We rigs XX These some progress here progresses. as year to at planned details end more our for on the We're as of on the our that are XXXX. place completions have the Version intensity XXXX to were are online. X.X+ completions into adding more higher year. schedule We'll the that plan evaluating
show to have Needless result, impact later adding a And results that of schedule evaluating have well stellar. stellar on wells in been concept the just already some as has our we've to a we're to to done the year the new results the what slides to I'll the results. the X.X+ based second talk minute. date. half the that seen of X.X+ in say, We about more of
cleaning D, we've planned. we wells These terms just wells. we and seen we to wells been on production expect from the far, production had up. Wolfcamp them of have be excellent three But the on put In have what so are now
XXX-day outstanding intensity per as higher D on results first XXX,XXX production cume shown our BOE of well. slide, You'll the recall that had an really outstanding Wolfcamp delivered well and, completion day,
these equally I be next think three as could good.
Finally the Mill, we future pending slide, Middle The to Spraberry here the our the are executing is to plan Jo appraise of and its staggering of future future on Shale, in the separate wells evaluate to Shale development. proper of in Spraberry terms the on Lower stimulations development spacing proper the three on areas and wells, and the production. locations wells, drilling we'll optimize be sequencing that the the the and idea
three into with when an we a development optimize that year appraisal concept in wells we those can true from zones. this is learn plan So and out then get next
the Now turning X. that's next slide, to slide
our in the be be of We we other that completed, good significantly all fact, Eagle per returns cash corporate reported be course, the reported BOE, for expected Ford per largest are cash of our would packages because, for Bids and Midland will of will also the during increase, that our Eagle of progress in are May reduced Permian assets the BOE, in will and our have package, divestitures enhance those. which pure will improved. operating Basin the costs that After margins made terms our player. play become pure Ford the package. a And revenue our divestiture returns Basin, are course, both a in
accomplish. is us this important for So to
that year that I X.X+ suffice in and think grow burner to and production we're it that to actually to of production sales. will I success and on And say about Permian trending majority end the good it forecast first strong we that the mentioned saw progress. these But the will all our XX% of can range. quarter the the expect regarding wells, complete towards now this the easily front last this performance it's execute be through Version high year. of We're XX% we on to based continuing making
to million turning out $XXX the cash D&C capital, in was just over the quarter. door Now for
of as majority well that high a half. result we knew wells pad also fracs as CapEx plan mostly somewhat planned we concentrated course, Much planned and a laterals the have the going higher we being science that for the was XXXX half of schedule, X.X+ Of first deeper into front-loaded seismic a of intensity our in the of as well first year. as work the of in and as longer XXXX well construction had
quarter from first our carryovers. of the some quarter in capital Additionally, the terms into of fourth spilled over
So wells Permian high that returns and into show late in in we'll a based into the other it a it's in results the and the high I $XXs. Basin, as slide of we see especially strong of And to future levels, second are increase It's course, looking high of the starting number we're operators signs going the these and May. activity with reported, to coupled X.X+ mentioned in forward the completions first also we've Permian industry I on oil the quarter just the out and the moment, discussed, likely inflation some look those half. early April is I'll you have a seen as and that that product, of case prices the of
our This these ongoing and improvements. be well spent. would to wells to expect money add to contribute efficiency We capital
exactly also likely and result on prepare prospect factors that also likely year add billion the be in course, I case, our industry we year activity we let million any of can. did this that, much mentioned, remain of cash the And – the I free and around model and land. which $XXX repay our the to maturity believe But a two especially pass. inflation later As of handle this we'll of our prices a soon us of as plan. midyear that debt is as now potential within flow, on for have mentioned, oil up is a of have finishing of rigs it's increase number we projected probably those to this $X.X to And that as high, intent more will we'll for at we'll I forecasted in from our a magnitude that and if cash couple cash. XXXX time to get better the $X.X I would capital it's slide, flow again week where spend billion, earlier handle budget the as better also generative on increased. will In
slide wells to And case, without areas water. results the excellent. zones is in we we they our into and performance these X.X graphs, up this between wells. you to, see see XX% – wells, cases going to zone, have And been from XX% somewhere the of in Turning X, already more at which to campaign. year I've on production utilize been in And really XX general, it's Version the In and outperform well on covers you these past materially put The slide that basin details continue on sand this to intensity across of course, various slide and minimum more the mean referring a Version X.X+ the some XXX%. – that X.X+ can higher readily over can by the are completions.
when just ago, returns second in wells dollars, likely to returns, a they're because performance mentioned on designs, are not they're as completions, general. to X.X+ seen and comes I the high this date. for of the wells incremental the intensity in but higher year And than year impressive the the are minute easily out a we've half it in the the So only increasing paying generating less additional
it's of slide, as reflects that, also our that And shown next of increased a X, production, kind think X.X+ with on the a slide fact overall I they've have shown per the wells the meaningfully as that. results well. result productivity
which only position it's the year. that confidence we're longer-term our gives but these the supports we're the X. pretty leading wells And high to the here end trending our that slide, is that we're our essentially reiterating for for reaching that view high slide You where end of guidance on objectives, shareholder XX% are achieve guidance not range can our would importantly, in wells also that This a return us further track on of first X.X+ our quarter, us top say next the value. are on see plan clear I to range, enhancing the captured toward it of
plan finally, assets strong increase to our and our in but capital decades flexibility it's scenario. low repeatable. since the the sheet Basin in us price assets strong important based corporate an a in from capital and Capital both in efficiency because further the It's us Eventually, is of forward. return they that be parts of on it's efficiency focus significant very to drill many long-term the of returns, to we to risk. and growth going wells, important it's ability that which capital and drive flow. any a shareholders, And of the capital plan to on Fundamentally, to high discipline at that our have cash Permian reasonable of of leads an returns opportunity with within also execute the only significant growth discipline really course financial this shareholders. kind drilling. this a part return return critical it's process-based, they It's First not foremost, Basin an is and And level; going words, on also basis Permian message well balance then level too employed. association and give the and strong at are to give advantage on other highly
now he's his going pass you Rich, So as this going and be gas to benefits financials. of over granularity more to on the and as the with oil to both from discussing on I'm review well FT
