Good Tyler. everyone. morning, Thanks, Thanks joining. for
challenging to are of today. more during at matter cycle, but and challenged looking the commodity the I and start of especially portions metrics that think importance the heightened or industry cycle. all important significant and metrics, a is across want by I couple of think we price highlighting of data they parts points the phases become that These the they environment
plan. our to base our first, about talk going inventory And and I'm,
our two. be we from that's Slide the in So, designate core I'll on or summarized X Tier talk inventory let's next speaking Slide X, so what X about and minute shown as
of acreage one CNX positions the Appalachian the has peers. tier top across
acres. and control, feet that and XXX-foot got the that Southwest an Marcellus undeveloped and approximately net lateral to for net approximately region, life focusing each Pennsylvania Utica And core shale average well XX,XXX curve using see Central we've complete. we almost and spacing, Marcellus million drill need X.X acres XXX see can type in you You you acres on of want can X,XXX you
the to XXX think I slide acres exact. be says
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look development XXXX. about wells successful per in program Our is you year averaging at to this area XX XXXX when
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our area Virginia. active is plan Shirley-Pennsboro area development another location, Now the an in in West
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Southwest start PA with I'll Utica.
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about now Slide talk that's really, on and think, I highlighted costs, Let's X. best
on benefit, midstream So the second shows the we producing amount through cash consolidation our how that top-tier production Slide CNX us has to from lowest or distributions when you that volumes and with midstream. X costs whether slide compare the CNX receive peers MLP despite without cash in the And costs basin. it's show we of
those our per you Mcfe towards slide. to to that the include start benefits, $X.XX see you costs the left the If in decline of meaningfully
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cost action. areas X about active summarizes management Slide talks in of the and one of really these
way We million prior look XXXX are that the at SG&A. achieving savings beyond and to guidance numbers were in expected above on you when our $XX our well
that already We streamline the in third organization, And savings compared existed combined expected the when decision in across midstream help we functions million our optimized upstream quarter, roughly During teams. making. previous our guidance. $XX we've both realized to workflows XXXX to and flattened
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can You move see right on that that when you left slide. or
hedge XXXX Let's the the realizations Slide as hedging This substantially in case strongest X. updated XXXX on basin. the is the XXXX slide talk about The in shows is peers. hedged compared with CNX for to and well. book
on and in hedged For XXXX, guidance, consensus $X.XX at Mcfe approximately that's XXXX, for the using numbers. based our XX% we’re we’re and XX% updated hedged
hedged production. more even be you if we’d flat assume So,
strong the it to protect upturns. book, downturns the protect hedge built grow in capital it us It and in This structure, returns. was our to was allows our to stay built and
slide Our that hedge you next be on And the plan cycle. how the can generating. and terms to we it's book it's continues on pivotal unrivaled, see flow free protecting commodity of this of in in importance cash
So, for our last flow let's on getting slide prices free Despite environment as cash we talk update, well. worse, improved since cash that's gas projections flow macro cash X. to also XXXX, added the and our CNX and free flow about XXXX NGL prices
of updated increase free came lower NYMEX activity. in flow a reducing as of NGL spite along NYMEX able going general, prices I'll things we're but lowering XXXX tell like our by minutes, our cash and in costs, to and our capital, you, streamlining doing the our in with reducing $X.XX in couple lower coming and last prices guidance through off XXXX Don's detail see to you'll since in well. the Now, our update go
to even production among grow And we A activity our with guidance, in the unique combination volumes still our in XXXX. growing cash production flow lower is our of certainly positive sector. XXXX increasing we're that still levels, the while projecting already increased XXXX and free
up, our So, Slide see in things you asset that differentiate and main we strategy; third, marketing course, cost advantages: our structure; X, through looking to summary second, can and of first, portfolio. wrapping the ourselves three continue at
prices a peers, positioned challenging us to strength. quarter, got and allow stronger. and resources Our the macro of just to that competitive we're unique advantages whatever effectively and philosophy CNX advantages very even gas advantages our ahead. commodity well more from cycle us for lower these position allowing they're a commodity a navigate And though environment, separate approach they price got us approach, we and continued they've lies weaker from and this These deploy, to
turn going that over Chad, going provide to to now, an update things I'm with to And who's operations. on
