barrels barrels was per oil guidance oil with XXXX Good day for XX,XXX revised XX,XXX of of of morning Average XX,XXX everyone. production day. XXXX the per to consistent
share, million, per million EBITDA operations EBITDA income share. funds of $X.XX net of $XXX $XXX of generated flow million adjusted and $XX $X.XX we XXXX, per from or During $XXX or million, of
waterflood million $XXX to and which This extensive capital recovery. oil as field's QX expansion was to facilities the implement the of reflects third gas-to-power Gran spend XX% fully $XX Acordionero was project quarter reduction million. required the enhance Tierra's of amount ultimate XXXX completion down totaled the expected from which at
as year approximately QX credit drawn million from approximately payables million QX of receivable and on had we in end, from capital XXth VAT increased million. our $XXX $XXX to our grew program active September $XXX At was our facility. This at
present current anticipated to be will and reduce it on collection per asset XX tax the per drawn flow receivable billion a billion pleased representing XP growth share increase reserves value of facility. our $X.XX reserves We our million, cash $X.X $X.X in XXX% in of value-added net value to tax amount XX% tax Free of XXX% and used and with before replacement net XP the is oil, And before XP to after-tax. and $X.XX XP were discounted after-tax. credit share
our a increased of million of before value NPV $X.X XP and basis, after-tax. maintained billion at XP asset and to per On oil XXX% $X.XX production net reserves to barrels billion tax $X.XX we XXX and and XP tax before $X.X share company's the and replaced XP after-tax
of Looking to our sheet and focus will high-impact our measured, exploration development core on strength, XXXX, we balance but program. assets,
has coronavirus caused decrease of oil price and Colombia. widening Since price a a in XXXX, the oil of the beginning differentials to in the response Brent crude
amend As by approximately planned we budget reducing company's elected a capital million. capital the have XXXX $XX result, by to
the the made. primarily further be could XXXX, persists is deferral budget is Our XXXX and in capital $XXX exploration the headwind revised second in event capital $XXX of that half to million. In And of million infrastructure. deferrals
timing. XX XX Given we over the blocks, control fact capital we operate allocation of have
oil June The three these XXXX, events of directed previous local at are farmers the lasted protests that Putumayo have in the June industry blockade approximately to It's the not national against note set Southern XXXX or in important Colombian the Gran Tierra. blockades to region weeks. protest government. Similar to
our shut-in have proactively of have in we blockades, prevented development being also the The X,XXX day two the the of fields Southern in in shut-in. per approximately wells blockades oil resulting Putumayo, to drilling barrels response In Cohembi.
resolved the mobilizing to field. We have blockades rig we're rig for contracted but the the to before waiting be
Brent production, net approximately of a of and placed floor hedges of X,XXX $XX. the of BOE with oil in half per have production of XXXX ceiling We a day our of $XX first XX%
In equivalent. addition, US$XX hedges of million we have approximately Colombian peso
over our to Officer Chief I'll the current now upcoming of operations catalysts. to Operating turn the and highlights some of call Berthelet, discuss key Tony
