questions. today. our quarter I your Like Thanks Brandon, operational quarters, call the can results good color morning financial for we and get previous our you and start joining and providing thank will then for to some on
of are to to provided strong in see up from start team earnings the made entire release the has Northern the me effort over Let last reflective beginning or the saying we momentum, year. results by
to capital liquidity balance the while flex disciplined focus return based us time the best process opportunities same management. our sheet based capital spending and at investment on our on remaining allows Our allocation in
developed and business actively pricing. completed interest the selectively improvements run our oil future continue facility provides for to a incremental areas Company plan credit recently benefit and on We and acquire in our execute way
Turning year-over-year and reach really sequentially is Totaling Boe, oil what to grew of equivalents XX,XXX our quarter, X.X production a production approximately to drivers that day. expect encouraging of enhanced that key three per are for is third results XX% going billion the result first our be growth XX% barrels performance completions. to forward. well in as sustainable improved key drivers we to These from
on And well and our levels activity acquiring increased acreage. additional interest. third, our bread Second, game of butter
production partially wells X-XXH, into Wiley produce interest This results, included well by Boe increased to production day the daily production strong two quarter, day. wells Boe working the as increased X,XXX was per in driven our during on production high Since combined placed X-XXH and mid-August. these and Continental’s helped averaged added we results quarter net production coming notable which two quarter from online the during per some XXX which Wiley by
completion of consigning costs the the quarter. operated as activity wells to Mountrail X.X there Dakota. North field During increased Marathon also quarter, are began Strong approximately activity net see during on this Slawson as rigs to Currently, acreage running XX the drilling in wells acreage County. in Bakken active on in well we
incremental being in that we held already Our acquisition one-third of well elections focused quarter’s of with the this continue the core interest approximately driven to by units play in in activity the be of interest. consent generally
quarter of initial improved inventory. during rate IRR offer average remain and a the average results in-process a invest the in focused available to rates production highest opportunities had We approximately and the that to weighted Based well we that EURs, the We will continue the of elected estimate of in about EUR to in election return of us. quality very to optimistic selectively wells in on composition date our third be of and return XX%. XXX continue our we seeing the at weighted we MBoe are participate
quarter, net were reduced the in-process we wells for net wells production. by inventory X.X to and inventory added added During X.X that that
in-process As in at a we well which year-to-date as well wells net for million inventory an net we capital net a completions are well in-process production result, wells. process number inventory net the of higher see XXXX, XX.X number, of expenditure nine-months and XX% spending. pace XX quarter-end, XX The in on highest will XXXX operators million we of net inventory our the three additional levels the rate to current higher quarter completed wells the many quarter operators our could capital addition the for net wells are some list at best-in-class quarter-end in totaling now higher of Williston of Based we of approximately expenditures our Continental our increasing by of a of of well which growth levels Basin. drove slightly Resources XX.X and additions the result first year. spending complimented this added we our remainder as which for third since October XXXX, our in the affect should activities, in-process list. add for wells to fourth In development production XXXX. Clearly that to net a the that’s number had accelerate in expect wells the is backlog comprised of at higher
of will by productions drive as capital which results strong in-process we that’s result, expect we approximately higher increased growth to inventory million. spending As XXXX. number a initial in plans expect as of currently our additions well expenditures our wells capital The total XXXX net XXX driven over
at access our price XXXX, average slightly came results pipeline differentials your and third of the and annual year basin than in the during increase Lease to has expense quarter per of will barrel. overall $X X%. quarter production X% for Crude and in year are wells, disposal remainder that in between Dakota The to third Boe net oil year-to-date per $X.XX largely NIMEX and raising the due number the of to a cost. a range takeaway add the that lower Given the in was $X water we differentials better increase $X.XX guidance believe XXXX this compared the operational increase the the to processing per in operating expect ago. the salt period for $X.XX to with productions we same for our were below quarter barrel came between we higher expectations year-over-year differentials and
X.X in operating in to of the to $X the General increase quarter in third of to XXXX $X.X expenses $XXX,XXX to in million XXX,XXX expenses third expense. and were was increase quarter in Boe part million administrative settlement connection of quarter a by charge We legal XXXX, Chief lease range compared with and $X.XX. million former Executive Officer compared the our and fourth was cash non-recurring compensation quarter quarter expect during expense per professional third our which The a between a of decrease and the third in offset XXXX. the due $X partially
with reversal reduced former Officer. quarter expenses in compensation and in our by of the Executive general connection termination non-cash X.X XXXX were of of the third of administrative Chief addition, a million expense employment the In
and $X.XX our from entered million with million which to XXXX On Street relationship into up the the relationships $X The XX XXXX remaining XXX excited committee opportunities to The expense replacement per lending perspective, facility this fourth November on of Northern. for XX, are Boe. Partners, drop with the due quarter months. available TPG credit Company of facility, million but lay opens not facility mature expect company general administrative due a new basis September XXX and we under new facility available about credit was to We bank only the Northern’s on Xst, those XXX and XXXX. this Sixth million with for range strategic XXX between a
company’s the liquidity business the maturity debt a vastly and company’s potentially profile all activities, improved. make And and The shareholders. facility liquidity oil pricing. the from future securities, hope improvement acquisitions interest executive best its further company provides equity if plans, benefit the new to in in it or is credit we development of on runway repurchase and With
was the million new under the November XXX XXX agreement. of lay capacity on liquidity XXXX the included approximately available Our million, credit which drop X,
requires Our us levels certain facility to remain hedging new credit forward period. of over three-year rolling
release the can yesterday we already in earnings layered see the significant from in you that hedging. As have of that amount
add conclusion, we our for give well value the of and available that XXXX productivity we continue We downside assets return us. our to manage increases to EUR use continue protect hedges to to process capital and our highest will confidence rate us will seek allocation beyond. future are and In risks flexible seeing in The and commodity flows price cash protect to risks. to from our the
XXXX return solid approach assets have I back our We focus we great increased will With value. foundation to and Brandon. that, shareholder over highly as call quality turn strategy the to a momentum provide and
