Timothy L. Dove
cash earnings and huge which any quarter positives capital Pioneer. adjusted objective provided per for flow substantially EBITDA. third for X% importantly, on the oil production Neal. by a top-end on top-end share. year our by measure, all quarter met for on quarter robust very And quarter the to exceeded lot, on wells that are We a And the sheet range remains million estimates, of low exceptionally beat were production net had horizontal an over Thanks debt quarter-to-quarter strong on fact, cash result, wells we during consensus XX production. $XXX the Due put basis. a our On exceptionally quarter, the quarter. was strong at that $X.XX as with the range, the exceeded production $XXX Total number or the very And on was where Permian an placed Earnings Permian of that diluted strong debt for very of quarter. – this the balance execution of this growing exceeded reduced PXD. And significant we million we hand statistics. the basis and in spending, quarter
priced particularly to the those regarding the and exported. X. benefit FT same expected fourth of BOPD quarter. cash for And resulted quarter will number slide Those And the increasing. long-term per incremental to simply our We're to under deliveries in oil still down tightened $XXX to day of the The continuing third the the the product company of deliver approach numbers million quarter about fourth to the large compared a $XXX differentials third third Gulf in and Coast, that in volume of flow BOE be were numbers Turning for its quarter. about a about barrels Gulf about XXX,XXX quarter. in The contracts. – quarter, FT to a markets. program quite million to is That's those to from benefit come for high continues oil planning export Coast oil as the in or having day XXX,XXX
fact, XXX,XXX oil of up XXX,XXX our early day and in XXXX. over FT of beginning barrels [BOPD] per In November capacity to goes
will results even an bigger So pricing part benefits become the to we as this continue And move of we our of incremental a result. as see forward.
markets, tremendous the And in of the on greatly of sales for western really exposure quarter. an cover where more those benefited these on will uplift that volumes but have we pad. per contracts. as last third Mcf we is we over from for receive Waha into That no our that that's things the of FT the for Waha, natural had whole about Brent-related areas One has Stackberry Similarly of through results this kicked gas, receive gas company. left an second first – the $X positive our XXXX. if to discussed promising we've into very pricing, quarter, FT XX% call then versus oil And for on pricing Joey our lot the look about from the we And seen for be September. detail, operational in volumes today so a standpoint, XX% in company will as a Midland
on Spraberry of optimally reporting which how pads, is Lower course You of may The for a development. and recall we're the Middle to Shales, Mill, sequence of Shale sets the stagger of drilling intervals we're and total today. and longer-term the these Jo the determine objective Spraberry space to three first
and properly. mode zones, on add we parent/child any course to wells. the returns continue of go wells. these we as not is space Of to wells result, as issues. and in facing, development we're into drill proving idea excellent And all now drilled significant they've been And incrementally we're we've The as a can we these better wells sort stagger even
contrary, the fact, we're wells. actually In making better to
rock high each capitalize well. We're is So wells just essentially on be given volume. return to a on that here where in a we're incremental low simply the drilling wells individual situation idea not focused adding downspace over returns
X to then. Going slide
quarter production just we're the in soon year. will in coming second less the really here two reported call, at that since the we December focused rigs are impact, add on end we of more or As XXXX
For when wells. for high this be online XXX Margins POP the continue Version this to of The at year. ago. strong. track you very X.X+ especially a second IRRs still We're levels, expect we consider the be look very I range to year uplifts half still minute XXX XXXX, place XX the on to mentioned to wells FT that
those have on point, gotten more high we as comes think that. these of to a the in the on third we But placed will Joey when XX reached Fortunately, to completed optimal we've of place you completions. details results them and phenomenal, we XX show really an production volume quarter. it look
into this West in of We first U.S. Texas a also supply kicks supply supplies roughly Silica. sand of represent sand. the to XX% sand current with that in for quarter entered of XXXX, agreement in cost reported our mid-September when XX% It'll the average half long-term we've at of our
signing announced As divestiture sales million. sand remaining assets those drop refer closed to agreement purchase we of as a South regarding well announced reducing we dramatic But assets wells costs, have on at going continue the half the recently, of process. economics, of December. should close as we of earlier and Nest a X, the benefits very the this the to – our as year. in net can several related we've most Texas sand oil also Sinor – a on an to $XXX sale have volumes. that slide you Then we the cost improvements pleased look the to to for We're them week update first on ago, our That
continue $X.X what assets well. our is, make billion. our In essence remains the We that is Eagle The spending remaining about on as capital cash divestiture XXXX program at to operating progress flow. of Ford
from year as end, estimate divestitures. been, range. billion it XX% in half also a $X.X production operating our is essentially range, year. flow which is step is be if has this expect XXXX And looks essentially will right which the So to But a the upper neutral other the towards for great be trajectory of XXXX, same direction. the cash at to sense, funded trending And for needed XX% in the we that current cash flow in in of asset year's words, that
capital first talking our the we're time, about on employed. returns For
to You this slide in above X% about will XX% expected that was the D&C impact That see reflecting is, be our for program. here year. What number is of we're this on high return an the year. ROCE focusing last
dilute shares those your the expect. reporting the and drilling we're per not at and line. very level, large bottom positively in on metric. completion you high with would that It's impact company have And transactions basically basis, issuing share what a the then connection We per numbers. Also share strong very returns
per our strong. be So will exceedingly metrics share
for be XXXX. well exceedingly Our ROCE will strong as
on maybe a this rainbow so. oil to for bottom the is decade we've this Brent chart in now or price-related. the be But adjusted Finally, to we've right, had something
We you if Brent-priced sales. are company, now talk our about a essentially oil
being And so as oil the Brent been price adjusted the to key has reflect sensitivity. rainbow chart
that make future. the just So of a for note
on to going growth remains Now Production slide continuing X. a positive trajectory.
right-most oil production see for to guidance Permian XXXX, our shown out can with in BOE XXX,XXX the XXX,XXX XXX,XXX to that XXX,XXX is column fourth BOE You quarter of BOE. BOE
What [years] track Stackberry now, pass a execution with to that information give from multiple continue is for million X.X+ we we have and now the I'm it the in and year. and future. the over update campaign you XX results Joey. seen of growth well goal for continuation the He'll quarters of some results this same on sort on over [BOE] X completion Just as do on going to an our
