Thanks for our you, us and second operator morning, everyone. quarter and Thank discuss to results half second outlook joining our year. good today the of XXXX the for
to with Let the results financial greater an begin turn review second it detail. remarks. to in a me Johnny And operational then, and I'll review few opening quarter of quarter for Robert the over to finally
that the kick far, perspective. total connected the producer entire To quarter the we wells portfolio. of you strong during say wells off, ahead across to our XXX to the new so quarter, throughput of want beginning XX of things had bringing give G&P is that another we our the expectations year-to-date I slightly highlights activity We the volume year. of from quarter and from which of connected One, several
Two, are many Bakken exceeding the of Permian, the recent and type the wells in curves.
processing trends all the processing as As as increases type our positive volume producers combination Delaware connect as of gathering The of the much completion recover outperformance as in record continued our and drilling resource We're across curve basin. to their quarter-over-quarter growth to some achieving there. well perfect of techniques drove volumes possible. seeing substantially assets and and well
the from new gathering area. Chord infrastructure third-party online expands are Rider City capture future phase Rough of our number project Energy of and Williston development in three of three asset Painted other critical in and dedicated positions we and side operators also the the Woods western the in This on first areas Three, that substantial very Bakken. product Crestwood brought of to inventory Williston system a product the that of the active our
gathering acquired that highly positive Down underpins Oil the Novo, area dedicated acreage has our well Delaware stated we it to begin dedicated around which assets. Water positive very the by productive the County to the Chord number Gas Panther & east. from to recent Earthstone Midland from asset from and acreage Eddy to a developing the this been forward. quarters, for during continue Percussion, our majority company going of acreage. customer productivity Novo is of publicly rig and and it acquired Novo about which the extremely is vast in Petroleum energy our over producer plans Crestwood. Delaware It's their encouraged basin ours systems, We from a in the immediately large the to to Delaware Willow operations our quarter reallocate the are which about four, is basin Earthstone on results us the on and and Oil turnover early Sendero Callon Lake see acquired excited
bringing So the into excited we're Earthstone really portfolio. about
about company similarly been the has the acreage they we year. acreage on the positive in our and acquired later Percussion Callon accelerate that expect dedicated to development
in has a couple portfolio producer basin. of lot we trade believe Over dedicated Delaware the been stronger. last seen the hands our And of acreage years, we've never our
there. So we're about excited the future
some a high-level commentary provide that me impacted results let on shift few gears the negatively factors of our Now, and quarter.
of the markets to We've volatility second particularly As some on the and in give Benchmark your first seen in the prices gas natural liquids a producer and gas gas year natural and over basis, liquids commodity a many XX% quarter, quarter on framework, of competitors second you oil, sequential quarter in midstream XX%, and context this natural XX%. experienced. respectively. our second quarter customers year, gas XX% of declined And this declined lot have year-over-year the natural about by basis,
lower much fighting commodity we're prices during So the quarter.
cash gathering you of contracts. fixed portfolio our directly of impacted know flow by majority flow commodity cash prices, of the contracts The proceeds under the assets Permian. in and percentage System have with do a extent Williston Arrow as roughly we on was of is But majority XX% fee the being our that in Delaware Gathering of our on our and lesser that to processing
well NGLS crude and due quarter our million impacted below oil our to the our with crude XX% prices proceeds realized associated EBITDA natural by during approximately gas, of negatively gas, estimate quarter and that budgeted by percentage price for We oil, contracts our for $X expectations. With was for expectations second XX% the adjusted NGL natural for XX% about volatility. below
quarter with approximately well quarter crude up year. off liquids recently in commodity the the and and of gas of the lows the quarter, increase We've bodes the seen experienced XX%, that third an oil, second and prices in for XX% the the lows gas half in from XX% second second
The some commodity business. we was logistics exposure faced where within NGL area second our
curve of forward of As season. the towards a in prices you we the fairly NGL the out year, know substantial widening the experienced causing as quarter heating look drop winter second a
position. the of our second the on non-cash underperform that about second prices NGL our mark-to-market did largely us the $X a quarter. million value the approximately inventory incremental due it expectations our markets, inventories. curve drop to $X loss logistics NGL the quarter. storage caused nice widening non-cash NGL during While business for quarter of by drive realized That during this be The million, in mark-to-market to to across Again, that loss across take net
sales we season about curve, the or than given losses is chance this And inventory by did note and want cycle. fill fixed build the higher Now quarter storage, impact the increase to typically mark-to-market this a purely our have NGL inventory more contracts. the widening is a at in our fully hedged inventories of issue point as carries forward I inventory also the timing time during to do of on are on with the XX% positions our we that the
So the heating all excess at the headed of season, curves, product ultimately up we the winter built forward expect actually to incremental spreads. out towards work deliver market, reverse the we losses storage as that pick wider margin through and on and we inventory that to those
turn for million second non-cash hopefully out half the year, in it's the But it'll $X positive quarter, us. So in very second yet.
of compared expectations, to approximately was in Arrow. final to largely The lower impacted our adjusted quarter the in volumes where $X North G&P lower attributable that EBITDA budget million factor results segment our the we negatively at experienced
system, mechanical completion complicated, while shut in for activity. overs. FRAC we most including a little schedule So reasons the new system, increased experienced but And was lower the to on across volumes of number of down an the variety right Arrow maintenance due importantly, completion on wells or activity around being work protection
average When results, million. at all about down we production of saw our legacy XX% quarter, $X to of negatively they're an you it XX% impacted of add which the again, offline certain about up, shut points or
continue outlook of So positive to but adjusted considering for XXX million we EBITDA to half in our year fourth anticipate the first quarter, guidance XXX the for million. the full-year range within growth previous results third and the of updated
coming half expect in we that the I in the due second originally quarter, second forecasted. on the clear to the be of year had with results we results lower prices think that these the what lower of half commodity range it's to than
back volumes on Arrow the producers downtime for for year continued And some stream. expected our until of their the all production balance get
of want during we that I program the activity optimistic the XXXX fundamentals the quarter. to to And strong all to activity, are and with the about extremely the a have drilling connects, XXXX experienced assets half through producer of our and strong, well outlook very business rest and second the of across to-date capital year. the the the due growth our we've production reiterate the remain continue for significant
group, plan, company Certainly, the and the category, as third balancing growth ESG gathering recently, objectives, peer volatile environmental, I fifth turn report. annual commodity a public that to about strategy. XXXX year-over-year with our to highlights by made and award and we're management our quarter, we've in us attained in over social the on carbon for things. leader And our it ESG report we've I sustainability our in years team towards that continues progress but governance congratulate those and The three sustainability processing heart to hit as and amongst progress energy across the to exemplified measurable well publishing achievements our finally, was Robert, prices receiving quarter. sustainability hard for Crestwood as Joanne before Howard want make Crestwood really that commitments, rebounding excited most the the second midstream
to operational And the Robert and with to and over that, I'll cover Johnny turn Robert? financial it results. quarters
