day thanks conference Al, everyone, call. Thanks, joining our to good us on and and for
us Sameer be our call. and and Williford, answer today Trey Hartman, Accounting our Vice So Executive William later during Financial questions and to VP Chief They'll Officer. our and Parasnis, Chief Executive are Officer; joining Officer; available President Operating the Chief VP
to our began shareholder on and while of financial quarter So continuing conventional build with assets We high-quality generating optimizing on vision. solid and opportunities to value. capitalizing operational XXXX we free accretive another cash maintaining execute strategic focus results, flow, opportunistically and
on hand. flow, generating We have cash focus a cash strong free our and balance continue of to sheet we because build on
it with opportunity base to other adjusted cost to for asset know prudent production operational meaningful cash now opportunities.
We we controlling optionality generated of prolific positive that us capitalize spending over EBITDA. every maximizing free an and X king prioritize our have and cash the strong years the capital deliver on excellence, quarter and value We flow initiatives, and is because provides
history.
In executing strategy. the it's of demonstrate property W&T a had during first producing year number our successful acquisitions successfully quarter, and accomplishments ability grow that So we're our in helped that's XX-plus we addition, to that seamlessly integrate how
So X be this Mexico in to for are operatorship could operations. we in of impact XXX% and of XX,XXX that $XX.X over results. barrels production immediately Gulf of oil up adjacent That's the midpoint reported interest per million fourth We guidance in day. XXXX, The quarter. the our seen field acquisition range, above of X% acquired equivalent our January of working existing shallow our from and
a XX% the oil $XX.X importantly, higher quarter. More to we about in oil quarter-over-quarter, and period adjusted which production outpaced X% This the EBITDA by million production XX% that's fourth compared from to the us benefited increase increase increased helped same over production. increase
was recorded So of we end on deferrals $XX in in which In quarter. in free million cost cash the and fourth control. workover we remain due lease our the focused some guidance, more quarter, what operating generated expenses we the low of than work. double to part facilities below first generated flow, We
later paying returning first announced this second payment month. dividend the XXXX the continued our occur and quarter to quarter shareholders, will cash We another in
build on financial that free $XX approximately So offering results. XXXX we're the execution on coupled generated focused consecutive these a cash million, of remain XXth operational first in quarter that ATM of and on hand and quarter the very marked our solid flow, in our cash with good XXXX, we to we've position
newly of our of many generate costs assets experience years we've into the long-term years cash near-term flow acquired it us base, that to potential integrating XX the over the well for to assets to realize with for worth Now are proven come.
completing select still into will have but we to responsibility. all increase operatorship, from hired lease fields. integrating transfers financial these we progress required good W&T, and offshore assets made regulatory expect these we've production while personnel ownership do We acquisition, asset Cox work the of more Regarding new that Cox
worked accounting, other our systems. reporting, into data integrating existing Our tracking hard and cost production teams
during hard addition, acquired midstream environmental at managing quarter. In fields, significant and quarter oil inspect aspects are first of really fields.
We also production to production, costs. we're will attributed ensure that worked three our to were and on to health, particularly norms the I the continue newly W&T's services acquired production new we've the to all implemented, fields oil saw the in want field focus we increasing mention to our the negotiating operational of a shut-in in first growth and safety our newly and the those
hasn't is bringing these impact you benefit amount assets expected expected and assets. on prolific give these that oil clearly of positive will online, SEC W&T so announced to the operational about financial our result, potential from than these results. higher a a full We're need just third-party As assets.
To acquisition. the how I report assets think we Proved the of were to been updated when which year-end be. reflected sense all point in XX.X on our million XX% there of these focused engineering barrels can we equivalent, reserves
there's you in as tremendous So can assets. see, potential these we believe
that In from we the quarter. the of positively impacted production assets quarter new boosts the during XXXX, first performed three to and three production workovers addition the recompletions for
offset low both help to cost, performing production natural We operations short impact these payout and revenue that decline. and will continue
in second we the release, quarter. earnings first guidance. our around quarter be We're projecting production as range provided So the our same to
quarter also the undertake of deferred first in fields production expected quarter work. XXXX it as easier expense quarter the weather and spend reflects guidance on to maintenance on. some of do plan to work to selected we we the operating some projects We makes is better shut-ins third-party lease more the due Second in second
This work continue on will full increase year about oil we online be lease barrel $XX back to think acquired fields operating operational We other time, the XXXX bringing results. help three and financial equivalent. per to our expense
late million to and optimize $XX in acquired million in directed primarily first XXXX that's are our and $XX we in excluding facilities to the fields existing XXXX expenditures acquisitions, and invest quarter. These $X.X million for maximize incurred early production. to and CapEx, continue to projects the on So about to XXXX expect fields we
So are thank at well we before value XXXX sincerely add throughout I'd like positioned to our team closing, beyond. W&T to and as
on and to balance we've and lien, on that and and we we to sheet That strong acquisition, at Or a cash on the and the can should our allowed you Cox paying $XXX we that $XXX expanding and to almost Our portion we late focused off close were should us hand, cash our remain utilizing lien balance early time? debt of million.
In of our maintain another proper our robust liquidity. see on out pay all been 'XX, off second the million focused managing struggled 'XX acquisitions it second off made. have turns with -- from that reissue we decision that pay of
years. cash production of we key continue grow our utilizing and over W&T. acquiring it's integrate significant that acquired remain Gulf success plan XX those Those enhance us has to assets acquisitions in and So on complementary component to the our assets past of to we and our that allowed a the Mexico and reserves position of expertise enhance scale to ability
continue our also we and and expect the shareholders program November remain strategy, to dividend value to to execute committed through XXXX shareholder financially quarterly and proven believe our that and in XXXX. We in value we beyond. to in operationally initiated returning increasing We
So company's succeed. very believe as the I largest to is well W&T shareholder, positioned
maximizing of questions. the aligned Our is highest team's can W&T's flow in highly for of potential company. one focused base.
And our of we that, which entire cash shareholders, the management given are our interests and We're on of E&P any excellence asset the with equity, open with our those stake operational now operator, lines XX% public