Timothy C. Dugan
today. everyone. like There's good to and key I'd topics that Don, discuss a few morning, Thanks,
And First, things the look discussing of changes at we'll of the cadence happening the year. on mentioned the the I'll results of I'll of walk dry the and developments, and that and some strategic recent then production guidance deep time highlight and then capital rest through recent quarter the lastly, results the and exciting the into operational drivers of Don spend for some some Utica front. that the dig
let's to which decline last was Total or slide year-over-year a So, was quarter XX. increase X% move compared Bcfe, a for the XX% quarter. production to XXX.X
XXX% County, production year $X.XX volumes just cadence discuss XXXX, the two Utica. schedule by than cash the in shortly. up Don a the contemplated in total in year-over-year. first quarter the we growth down three primarily were or last the remarks, Now, his as over only Monroe the the Mcfe schedule quarter. of were And production mentioned I'll modest as in Ohio for $X.XX Utica were call, per the at we costs expecting driven for mentioned by in quarters turned-in-lines quarter dry quarter again as on planned more decline the same the second
help And is at our let's effective were exciting operating data-driven dividends. renewed of forward. some the rates CBM manpower, return These there. including more of cemented our Now, we and entire the the before, has of the much, value in increased piece about year-over-year as initiatives, a Coalbed Virginia XX% series remains pretty on EBITDAX take more things analytics quarter, costs In valuable down don't look asset confidence generation contributor asset. second efforts of and paid a for a and have minute use talk focus as happening asset, base. significant the said has opportunity recently A but Methane which there's efficiencies a only down latest we to pull and a Virginia
XXX% Now, second first turning cycle In foremost of the Services. a deal quarter, Basin's efficiencies frac and with is long-term we on a it fleet electric levels, slide means for significant capital frac the number to time but XX. efficiency. Appalachian first for to Well what announced and Evolution our This deal our
due downtime. in partner cycle to fleet expect potential efficiencies, fuel top safety to to frac economic and down there of the frac a the higher an we top in on increase the the the benefits. of we term, the time Specifically, near drive horsepower an for even and improvements of less cost of time really gas-powered will greater in XX% diesel reduction series a road as test is Evolution compared On efficiency fuel cycle XX% natural crew, and conventional fleet. of environmental And impact with capabilities Evolution the technology. continue health, of this There's
development about capital the let's year. Moving slide the for XX, on of half talk back to and plans
which all quarter, our formation region. Central in wells Southwest PA I the in were in As we three Marcellus turned-in-line mentioned, the
the of to compared when the XX we've in slide, scheduled timing remaining But Monroe just line rig the the of wells for see quarter, the reaffirming in the and quarter. XXXX the third Ohio in three due in on Shirley-Penns currently pad The change there's volumes, in Since second also drilling reduced XX our and TDed to second we late fourth the volumes turned-in-line of wells early that you XXX in it's approximately XX the noting the has wells the CPA TILs. TILs Near not impact worth as the expected decline wells But a significant are quarter, expected third modest on a which XXX the wells quarter. our dry XXXX, as of More production result a And in we were expect Bcfe. guided scheduling production on our the Utica. expect specific pushed near turned-in-line a that Bcfe where into in has been are meaningful end minute. count fourth County, wells. of then TIL plan year-to-date to third of Marcellus volumes Aikens our the quarter. by three table moved this a been we to and our Gaut of those range to brought and we We ramp those half on it was year, production XXXX. It's can turned-in-lines full-year get in in six majority
capital what fresh guidance. reuse issues And E&P XXXX initial the or to cost higher-than-expected water. comes the increase water made had to buckets: These first we know, $XXX remediation this higher of on higher at wells, casing for completion includes extended and downhole Evolution can due our been year related million volumes. increasing attributed increase increase some and pads modest steel third, completions pads remediation increase, water slower during The a pads equipment, work; three created flowback we're Services cycle drilling higher-than-expected and required prepayment due half where mentioned, of total second, the in to to of of the we much to and the times. subsequent have water cost capitalized cement capitalized that of of discussed. first, was to more issues million amount two million for fishing Marcellus which Southwest accounted guidance that from up four had operations Don now to resolved issues impacted be water with Capitalized $XXX repairs cost $XXX separate the in $XXX production a PA, abnormal where On the inflation the to guidance capital drove it's As main specifically, I million. range either remediation There's also retrieving just conditions two in Well to costs increased you compared half as than the agreement and costs. a Of we tariffs. that costs; capital
Now, CPA Marchand delineation area northeast infrastructure The North region in Gaut and from in turned-in-line expansion Aikens view. in a of drilled CPA moving on XM, located miles and addressed the Indiana Utica, dry the properly is to be our until existing March, prolific and deferred of gathering XX South County, we our Marchand planned the been well midstream wells well about and XM Mamont in The in deep CPA region. currently infrastructure and an CPA wells economic flows has can the sizing North, wells additional more delineation are into are PA. NAV
the On South. CPA on details current slide upcoming are bottom and in of XX activity some
the As challenging we second of a rig Utica the quarter. made through wells end currently We already moment mentioned section of the brought the without expected wells XXXX. is the well. of the I and first pad at Salina three the it and all built-for-purpose in the in first at three are drilling see the to be has on deep each next a of ago, Shaw to new would rig incident incremental cost wells That about half two Gaut currently expect turned-in-line on half original and of Shaw improvement
well attractive are more Bell deep Point And on this the operations running smooth and economics have said, wells turn the dry in Mamont that of repeatable. become line year. of in in and cost and trends pad. lower, Early fourth we we the more another expect As the to that these quarter Utica all and operating rig more more
wells for online. as to an come is our look we and time exciting Utica CPA operations, these updating forward you this So,
Day deep Richhill we Now is well that our back PA on at an in on first update previewed in March. the Southwest slide XX XX Analyst Utica
rate strategy avoid volumes are dry the Richhill wells fees, the be Utica and stacked which with key can recall, pay deep on sold to formation gas can you'll As Field. blended volumes Utica as of the from return volumes. be increases significantly blended Marcellus damp Richhill as the the Those overall dry processing
to We're guided is per the the You'll also the about EUR that managed see Southwest per a the X,XXX nicely drawdown pressure XX last PA XX-month West well soundly Bcfe type currently period on at our outperforming X.X or years. well flat X,XXX Bcfe in above rate the feet the on from chart date. page forecasting the strategy peer curve well of of current and currently The flowing for is the feet. at top average of the X.X based well Richhill of few or Virginia drawdown an
fractured requires would particularly data-driven fractures take engineered and issues interpretation realize higher of expect and image likelihood related image shown, analysis data. the above much seismic building the advantage there's part precision drawdown elsewhere. been the and we're is to of have on and XX, that is shows peers. the performance for drilling these or drawdown a forward. On pay cumulative here where substantially the images completion The our volumes we're prospects layout left known tailored well been RHL with using return. as a our In resting wells That that based and drilled relocated on well slower fracturing. there's is recovering gives This on less that how pressure much with of CNX. than two for those words, blending not a We those of issues of we're The important slide lower strategy in volumes in the right use slide pads the a other of avoid This natural us Richhill and to average would due XD on confidence shows and the prior going Richhill that pads earth runway. a peer laurels pressure chart And to the natural design. placement at a two high a formation at faulting. is If and in have pads roughly seismic Field, the equal proposed those especially drilling at lateral Richhill said, XX stacked how of a demonstrates model shows factory more the to optimize completions pair longer rates on redesigned to a
be lot that, a a continue the there's So, to plans reality. with about will to back as around updates turn providing look here, Tyler. to and excited I we And forward it to become
