Thank you, acknowledge organization work the poured our good into first this and to that everyone. morning, hard merger. has Rick, I want
ideas to it the enterprise. office, External go-forward again, setting some taking the very great X integrating the to challenges the February's complexity. listening to coming resolve historical Our of aside the processes. a has the field assets team. combine made progress of here tested each right the event knew in companies, To strong to exercise. was storm team that, organization, certainly compounded offices, bias has best new then seen together and We have to our not a of to examples forces be time to for substantial easy I'm major was our proven I've find of pandemic, corporate solution winter way valuable on our practices and pile evaluate the the
name the in of we as incredible displays practices have communities. exemplifies employees balance best are with benefit each continue greater organization helping capacity with that of portfolio excited once pleased Devon leadership, I'm a out, turned and I'm that we from to in legacy innovation the personal I and sacrifice of the making. only we incredible their saw I of progress the As culture other's saw it refine. Devon, about company sheet. future in and rock-solid exceptionally the an for good. again, our but also not expanded This many the
low-risk first oriented second driven Spring pads with our development again, of discuss area, the the force Wolfcamp be the Basin Slide operational our commenced can the forma on that year-over-year in Stateline Let's will production production behind was the quarter. Basin come program Once Delaware which on production flip roughly blend Delaware we'll to XX, XX higher-margin projects, have Bone completions. for activity by for was production accounted the of a wells focused XX% a the several strong world-class capital This in a big asset. basis. X/X In we quarter, on and pro result that and our quarter, Wolfcamp driving which grew performance
County. XX-day achieved BOE was of the targeting oil program activity execution our overall our Noodle This the capital rates by X,XXX XX% Danger quarter, in of project was Southwest day Wolfcamp per well lateral development, While new the headlined in average with cut. the Upper X-mile excellent a
in capital pregeral capital higher significantly on than below our invested XX% the Importantly, expectations, returns planned. driving cost came
peak Another these County on have Due Upper thoroughbred Wolfcamp commenced this the our first only X,XXX activity rates but outstanding completion to remaining XX area. we wells are production quarter development The and in coupled but X day. key project for exceeding well timing, have these intervals. wells, per with bird Eddy the BOE being was online thus Stateline codeveloped -- X that us brought in X thoroughbred wells been current far, with
which acreage, state that like to X/X I'd we fair cover the Delaware for and our regulatory profile positive to strong total I accounts upcoming is production growth of flow leasehold. this final have a on cash it's update item the regarding Delaware in federal think sight our our The about to of line quarter. slide
drilling As XX-day to the aggregate permits, you land we aware, regulatory though This many on Even right with the years for drilled, issued team's earlier federal news inventory at year, is our capital plan. March netting X we pace. have year about the of restricted any that positive an about drilling the lapsed, planning, the for XXX reverting permits. a highly the ability operations What wells we've And engaged on policymakers this involved. of period In and current line proactive that drilling develop are has than encouraging for period. is Interior retain order navigated in our be forethought a 'XX. maximize new our lapsed federal without full directive this collaborative that approval and we leases is value with and to and effectively that order federal the permitting more of with expectations, impact stakeholders day-to-day since through on all we've XX-day more continue or received XX to to ensure will we even Department
XX. Slide to Moving
in quarter. build the of the We our trend continue to excellence operational during upon Delaware
improving industry the in you see declined best drilled results chart, on the and a the completed first rank can $XXX our once per represent and in left-hand very lateral again among to cost XX% the As foot These steadily across quarter. just all from ago. the performance designs, leading-edge Shifting by technology the D&C years differentiated facets chart. This completion improvement times, middle to of is and refined cycle of the value deployment chain. few a underpinned
of with of evidenced rate barrel is value the first meaningfully field XX% act to urgency and to focus our disposal, where results level improve change, positive This across To LOE improved recurring costs several including cost out year-over-year. quarter get produce. continue categories, expense of structure this in chemicals, reduced have our we water to also materially contract achieve our labor. compression sense cash order every by most We we a
improvement. additional the year. savings expansion remainder further of throughout generate expect I The team will and capturing ahead, is Looking identifying the work hard margin at that
to XX. Turning Slide
Anadarko we And put headquarters. literally, X are Chemical. asset funded long work in operator down spotlight Rick joint have like corporate to officially from Basin, is the the rigs today team our with XXXX, million made carry. with back years. the Dow a interest has this couple Another I'm and exchange earns basin. in last our it's I'd in I Dow venture to this improvements right in histories just our basin Both road in we deal very where with of by a with locations way of that XXX undrilled formed Dow in with on promoted of half late $XXX partnership By drilling impressed this our great background, the where for
targeted improvement, spacing returns on carry, will of for Dow will targeting X the in reduce factors associated confidence per our and have with full will and the from value resource mix take steps and the to of of that have benefits the XX the year opportunities. Devon to of drill Woodford JV the When we be in from wells the commencement unit a to and track also I Year-to-date, you is scalable and cost the many will with up up this full repeatable first continuing Meramec message JV. that the extract encountered play. here operational these the severe with rates for improve on the combine of that XXXX. these all play addition for are first our we we way XXXX, X, Slide core in even the we quarter, on exceptional. wells In drilling lastly, drilling our Wells weather to of well And winter incentive midstream to achieving are capital spud key liquids-rich the positive objectives returns is
is to expect to midpoint oil projects. due of spend we Delaware specifically a timing the some of quarter, Looking at slightly XXX,XXX with the of capital the midstream per that coupled second barrels production be day, and completions, elevated the
effect in portfolio projects of typically from a this, number can capital would events sometimes pads one out the Although quarter. and like smooth stack of larger fall
a fall to more quarter, second will the Following rate. capital back nominal
industry a $XX-plus gains see with results. synergy the inflationary should projections we we will will We capital will This best the call Jeff to over of for on forward. the continue I pressure our to to in turn much our work into work continue path that, the as And additional that offset now commentary in financial environment. our
