Thank your mentorship your morning, you, for and grateful Rick. insight, I've appreciated everyone. I'm truly Good guidance, and confidence. always
quarter outstanding where Let's Slide I can on X, fourth the start cover results.
outsized well contributor delivered a productivity shareholders. driven fifth Mill all-time have production was was Eagle an and wells. to largely returns outperformance timing second integration A the again that of Fourth is Fourth barrels how confirming our day. the reached XXX,XXX assets, Ford production by and Grayson major acquired from the going. of beaten quarter in oil we consensus quarter per For quarter row, our high
work we team. a of capital job The additional perspective, the value. doing newly the combined also and fantastic a outstanding from Rockies learning driven team quarter. Delaware This From by was an had other each performance is primarily creating of good
higher with and generation. lower, per free cash expenses our margins boosting lower costs, drove flow unit workover our combined addition, In volumes significantly
flow, this of repurchase program quarter returned compelling share million program. Devon that cash performance, operating presents by opportunity. strong via $XXX fixed of in and to investment shareholders million we believe $XXX which thus, Thanks our Devon strongly our buying And share repurchase into stock. our $XXX we to We leaned generated a free dividend million we
our financial position building strengthened to $XXX quarter last XX% this about from up we Additionally, by cash quarter. million,
Devon talk turn the agreement of let's signed Eagle Slide partnership about in dissolve On Now to the news January an Blackhawk the X Ford. related to and exciting some our to BPX XX, Field. and
XX,XXX This time we in We will interest to net XX% X, April working controlled in greater DeWitt quality, close, concentrated on assets, high interest, of a expect approximately pace. the XXX position. County. the nearly Eagle be is inventory which will Blackhawk with in fully at of high acres will close which working these This at current hold than remaining Field. in locations undrilled After be decade XXX approximately and we the Blackhawk have primarily a drilling will Ford,
confident combination application are more A returns and can design, material cost us per development D&C was driver provides of save with dissolve our and in key $X million that from the basins. control this a other chain value well uplift the to of position. operational improved of JV this well we than go-forward of supply technology our The NPV for reduction cost we that enhances significantly and to
to updated turn outlook. and Slide talk X the let's improved about and Now XXXX
and creating to our with value per growth we shareholders committed investment disciplined remain basis. forward, share Moving to
oil our barrels now we're the soft capital we BOE the should You on me, per that bumping day, per also provided our to deliver We -- from day. XXXX call. guide note and XXX,XXX including last expect production XXX,XXX reducing of that excuse
provided we November. million the than billion capital, we lower $XXX back expect guidance soft in For or invest $X.X to
this more $XXX cash additional than million in free We to year. these expect flow improvements drive
as on displayed As of a this to competitive of right add our the very industry. numbers the slide, compared these highly to efficiency side impressive capital up peers
X. Slide to Turning
total the investment for discuss greater our The the Delaware of an for Basin account XX% outlook XXXX Let's year. from perspective. asset will than
and performance wells. XX online bringing gross We to XXX while crews of X expect strong another year and completion rigs about operate plan
As This historical return, to to depletion secondary minimizing levels, projects touched benefits find we inventory see drilled our allocation is and are NPV operational we and cash that and rate tremendous a about depleted sustainable leaning and accelerate on with by robust returns saw from yield efficiencies. us we to of a on completed continue well of higher the Based inventory. the multi-zone dependent and extremely our In feathering metrics. efficiency developments ways feet as higher between the drives per derisked more impressed effects XXXX, that free I've ability allowing have compared area XXXX, feet in in past, time. been over into of generation. targets to success multi-zone balance both our to we improvement XX% operational flow in An zones, results day
For creation XXXX, value I from this see expect additional work. continue, momentum to I'm excited this and to
unique towards Rockies. can will Shifting a combination assets possess Williston the of growth flow. to Rockies of cash capital provide be We and spend free the X/X Basin. directed that the Approximately
inventory flat on impressive most results to date, production, part strong on of that focused impressive this program and balances Williston the of inventory X-rig a the believe will With progress be Basin. life. impressive returns We an runway, capital and western the the the integration long
capital the wins done, savings on cost In and sand already $XXX,XXX expect since just identified target. additional the organization expense simul-frac. leveraging in closing, our such and savings D&C in over opportunities a asset, capital per completion savings capturing investment. year, well chain on and Mill self-sourcing early taking tie we've wins Grayson as well the as our and to the of expenses We're operating drilling many few improvements million savings. as $XX supply and operational to fully announced has enhance The pace, not back months identified synergy for Since further
Basin, in Dow which Anadarko the past In years benefited few from have mid-XXXX. set the was JV, the
another have of for agreement the agreed With for drilling locations extend to drilling this in XX for carry. start the quarter of to success year. planned the the second in Activity JV we million new $XX this is partnership,
question X. the I address capture call I've in transition words, a opportunity. what common Devon it would Slide and going leadership continuity is want been be that to hand for to and before Turning to If Jeff, different And was asked to the X announced, will off the change I had since that forward. I be
and As know, Rick you from strong a many a years I built background. great the we of excited we're come chapter similar company. and Together, Devon, XX both next have and together for this for about for over worked foundation
continuing see the focus following: Devon's and values I to first, Under central for continue to strategic be the will on company. continuity, priorities
to delivering convert maintaining we And operating resource this to In must will shareholders to value. our order Second, remain to balance how aspects remain sheet. deliver excellence in a we committed third, of fortress succeed we industry, on the fundamental and value foundational.
deliver to growing sustainable, program. continue well as fixed as repurchase executing will our dividend share We on
several the as opportunity, prospects. far As see I needle-moving
First, focus to we and capital inward improve further efficiency margin our expansion. will
production will we our Second, expand organically and enhance inventory. our deep base
innovative Third, we outstanding employees. and from our technology promote the thinking will across company embrace our further value-creating
and will hear more We are already you coming this the in several on quarters. working value-focused opportunities, about
now Jeff. the With that, to hand call over I'll
