good to in out and just Maria, intro. for Thanks, cutting call. bit little morning the joining the us on a were Thanks you Maria, everybody.
a move events I going week winter the safe still XXXX, so, about we quarter, that that hope we So we been first has as earnings, say We're storm the last uppermost see comments you if out this joining Again, Thanks announcing want is that. as our my fourth and business, that's given cutting healthy And and we us epidemic. mind. been to can message clearly what navigate everyone as COVID-XX of continue are around do give everybody's morning excited the everything about us. and well, an for to the XXXX to good really update everyone. recent on giving we'll please into and or on. somebody, on
in and continuing state our of to our of field Houston locations United the monitor We mode, remains the and and corporate all well. as So priority we're city, across take at Crestwood operate to families guidelines. The our very to we And local our headquarters, situations recovery continue safety employees, States. our and well as do monitor in here according continues type in hope to of everyone Crestwood. their top state two the health these contractors doing the Kansas And is safe and seriously. pandemic
high that Jackalope, quarter, a in not be to period the and I about shut in XX-year base being away the history. soon that They very face more with It timing. two-month is the Basin in generated than above from this and cash year last metrics It Wyoming I course XXXX. were expand of second the times. provided resiliency. performed year's when number were team Both combined assets think to maintain four over how while the of of it leverage ratio full very, six $XXX our pandemic in we generating more that to process. NGL good And guidance in anytime revised compelling. our volatility. the the in integrated our assets, that for for the a diversified in year, and of last pandemic. very the enabled those are well added used Most very, Dakota, adjusted of and shut very times out was well capacity year-end balance about best are system even our in G&P up which peers. top platform. to asset, continue our logistics Crestwood NGL our significant you distributable goal seamlessly budgets. positioned to with above flow the continues immediate the with challenges employees grew logistics our talked across over year million ratio XX% And distribution and expect asset cash incredible finally for year, our in our the we end of Bakken, our on Then they faced several board portfolio, of our storage and we range, achieved one asset delivering Powder company sheet, of So throughout during free to though, know, records to we quarters. importantly, cash EBITDA our Both a all which the well have positive over in of coverage best-in-class flow. its going XXXX. And showed million We of $XXX as strong of Crestwood’s partnership assets to up XXXX, operate and April efficiently existing NGL and those two Even And price during additional we focused XX% by months those Eastern step being across Arrow even acquired last internal of fit the throughout FCF our in results the think the an River consensus, above North the flow And platform. with the grow and in XXXX, XX%
the Crestwood. had deeper up It at Arrow starting quickly results fourth driver take outperformance It quarter Bakken. be at by accelerated let's November look system here well-connects, gathering achieving of incredible Due customers our XXXX, record to the were system. the December. primary volumes Now a our across an in many by were to which forward continues and all for three into products in brought but originally that scheduled with
we year-over-year. into new The XX drive wells a XX In we expect environment, IP $XX as up to is XXXX, gotten water a rates to price gas a X,XXX improve XXXX XX,XXX barrels look all the with to XX DUCs And and as continued play per consistently equivalent expected lot drilling that and in and anticipate of The addition optimize growth to crude in connected are produced remains Bakken three-product equivalent barrel activity. of that in Arrow. more production a $XX those to we as be natural economic. were to continue producers volumes day also. that, even In were some to extremely have high wells bigger completion their as day the to wells there. cost range, and
for which Bakken. So to a we're that to in year have XXXX. the really issues good Three impact Arrow touch I want looking on
well lot noticed basin. we've of of strong continue economics that a that activity system in it and also highlights, the and reservation. a Bakken, to enjoy and M&A in around our great development had if lower Berthold year. our announcements, per D&C might've Fort throughout those And each costs, on our with coming the financial producer producers many continuing position And customers, on to improve basis foot and there it you lower drill customers the to you costs the think First, the look our develop some of down at Indian we has highlights very the the up put that and performance drilling acreage recent and their
to about federal ban Secondly, talk on I permitting. the administration's lands Biden want
leases As issue you BIA new the new the permits, and the continues Department right-of-ways know, Arrow Interior executive those has of to system. actions around tribal excluded lands and from
impact executive about of talk guess to executive I the for issue So make our that order now. want DAPL. system. non-impact about Arrow And on sure of been an that should a we year clear It's that I very about order, the you're third,
around We monitor DAPL. developments continue the to legal
have with Bears provides Bridger has pleased us current today Plains We're Four True the months, on Arrow the outlets DAPL. Arrow tying our Morgan’s High with Arrow I'm when added to barrels with addition team options have the our day worked the Companies. in in we recently with system pipeline commercial to And three future. new the into very the there pipeline, Hiland, And a pipeline capacity event disruption other High The and combined attractive ensure six that a interconnects pipeline past XXX,XXX system Over a customers takeaway collaboratively in and announce that Tesoro’s of Kinder to exceeding up interconnect Plains pipelines our Hiland producers. for with system.
our uncertainty As Bakken increase of that, you alternatives new producers access the they addition integrated our big and which DAPL. over trucking a Hub, get last to we provides as has the easily contracting to demand months, to think seen and Crestwood’s result around in a can over with Arrow know, few in COLT footprint
reminder, basin. out additional barrels COLT capacity, day a of crude day million of a a the Just pipelines rail storage barrels to connections offers of XXX,XXX X.X and
So anticipate very while picture is well on to takeaway to continue position resolved, Bakken’s to impact not attractive uncertainty customers backs. we good the DAPL’s continue any situation Crestwood the our does markets provide full until around at with we our to remain expect operations and access net
So some we've hope in you those with update. that issues I giving of dealt
you Basin they've sufficient operating month, the business. capital River bankruptcy. Powder liquidity Wyoming, successfully the a beginning The to in Eastern know, costs, Chesapeake their lower structure, exited new as down Energy operate got to of Moving
and think in to that's a of for ton know, bigger, you As well got better, company of they're the We a they stronger work Crestwood debt. future. rid going
years. are starting and private to have shut-in that proactively located over next capacity Jackalope position mineral basin Probably to with processing in in volumes a federal does development the years. the for rates leverage develop puts hand to drive state support signed Chesapeake's Chesapeake, the but mitigate approved which company to in the number new current quarter, all strong a team the the lands. reduced agreement Bucking develop the given other on produce with through teams few price its the Horse Basin out the permits additional fourth in short-term in acreage the we acreage volatility there, Powder discussions incentivize And During environment, commercial incremental and River and fees with the new our will that price think have our or very drill company producers we the commercial is in to significant few XX% which of activity, new plants. risk additions next And system have continue over of
bankruptcy, have a So good we particularly and pretty Powder optimistic the with relationship good have great River them about them. to we're provide contract the Basin, of Chesapeake a continue the to now we out and services future we're of that really
to to down XXXX. in of a XXXX. systems, Permian, our that had lot connected wells connect more XX% expect in and Delaware to gathering Moving than XX the activity We we we
Our counterparties. systems strong by are supported
activity Concho out in we with top As XXXX. in you activity lot the there more Newburgh, of recently the Shell, one Conoco, expect and and independents know, seen merged have a of basin,
and received largely over should have ensuring fortunately system years. limited system federal permits next our on is even Our that numerous executive on Delaware few applied on lands, so proactively action for our the the private producers impact located have Permian lands, on but
gathering continue continue and to In system addition got grow and we – produced which and built our that water to expect XXXX up business, out we to in there, we in XXXX. gas service processing our business develop in infrastructure to
a out program year-over-year expect that or major, With producer there that. development growth we for the anchor material
And in other in our Reserve the have the First be We that Delaware. us. they are that'll the inventory. in with customers better in play acreage and U.S. are financial have XXXX. So good joint developing long-term know, economics contributor We that to that the you as dedicated the we liked liked strength any a Delaware runway than of to they the the in venture We the Shell liked
to the trading a recap, and prices system I those was and XXXX long system then oil basins price just multiple plays. and XX-year dropped, Arrow in Mcf rich Antero pivoted to a in followed crude had time, XXXX. gas the Then Basin we've environment. system we River the assets that times XXXX of the for gathering for we maybe with the gas and Southwest company from in gas we Marcellus and had which natural when high purchased Jackalope about So an acquired to the gas then to back in history Crestwood remember the when back XXXX, we in Bakken. in haven't started Fayetteville We $X.XX gathering XXXX gathering of during pivot pivot company, Powder for the very the acquisition in the Barnett to the
with do capital much as going the to more it's XXXX, we Powder processing $X did gathering build being aligned didn't existing existing even now to benefit processing excess expansion it'll capacity again And major pivot in production that's the rights. near those our or be a our existing are in We that to started than and there and of our XXXX in in needed we lot got gas drilled three capacity. capacity XXXX spend in benefited all contracts We out mission. and really our systems more forecast. when in under We spend We we're complete Delaware, our to the have billion that with that projects we Bakken. and when since business when expanding capital of fulfill and we from out have producer basins. continued gathering in and to spent of that from to We've expansions strategically to
the a pivot investment to spend is on focused free to $XX as $XXX going at be a cash throughout to So importantly year expenditures and in comment be notes, we were to year entirely organization. team model on we continue between again that of year and is had expected our de-lever This we midstream and our we the distributions. most capital in in generation. we finance that a flow ESG/Sustainability capital sector. we're sustainability mode highlighted be lower continue Couple to commitment flow my XX% XXXX Crestwood. enhance less so last midpoint a leader expect than capital And And great in going that our and importantly, opening advancing cash use million the the our to million final can at free be liquidity, I to after to here and to growth
initiatives did disclosure the have the from midstream transition, in the it template as Our we was evolves Crestwood companies and performance ever reporting and to other midstream sector. colleagues enhanced forward to put be the December. in first of companies we that reporting Energy and midstream will through to publish on GPA continues the during and one the encourage I'm crucial transparency leaders. And Council first and which energy to ESG the ESG industry template, other Crestwood proud worked with associations using trade our new Infrastructure and Crestwood ESG
So and included midstream team were one to Gender-Equality three Bloomberg quite only inaugural Index. initiatives, achievement we for in and which At become focus diversity continue and Crestwood that to recently at an was our our inclusion industry. been on we've Crestwood, companies of the recognized
February. welcomed veteran brings Fran Finance, spent in month, experienced our joined In Vallejo board. us to Conoco addition, we've She's recently She Strategic Ms. to Planning. our industry, in and the Directors lot at in Fran this Board of a Treasury years a
across We delivery continue to the to energy improve and safely footprint. of our ways seek sustainability
and We're our that outlooks seen driving hear natural expect When more And elevated in from think and footprint to for while contributions, beginning portion to our pleased not prices high $XX Think this activity. or incremental increasingly in bottle seeing and over a And storage G&P we at that in sector six and is initiative. lot XXXX increasingly year our see be our months assets, will industry Therefore combine only We marketing, activity has very to outlook ONE you'll here guidance. coalition logistics emissions we've positive innovation see the a crude all entire transportation is a help us we from cash We're XX voluntarily you of We're a around this still to methane looking crude also we're X% answer team continue XXXX, help drive be energy in to also still to customers. commitment to measure And of guidance. see gas have emissions producer joined potential time. our if the the you to to we pickup any. give over XXXX well. about volatility optimistic emissions XXXX stable anticipate Crestwood, know Robert that and and impact but for increased our at an of our which of questions the year. to And XXXX the NGL gas can to we flow reduce and methane volumes. reductions continue compensation past $XX, our by financial price finally, barrel as the some goal. more Very to we XXXX. of available have our business, to the showcase to employee our and basins further our results have with intensity for we bright. and work which together reduction our we companies, reduce business, activity supply Future less going details methane We in we're tying emissions a review
XXXX, Robert, again, very turn to and about you. it optimistic I'll So over