us review I and February guidance. you thank presentation will with our posted to earnings focus you reference. expectations, Good performance website was Energy's supported that this our with XXXX earlier be a to on discussion for that along of today for Today's and morning, results for XXXX XXXX SandRidge about and joining morning, the this turn conversation encourage
As X. a matter SandRidge of introduction, I was named of on the interim-President February and CEO
to details of it of won't been spend I but elaborating Board our mention in XXXX. Financial our call feel as Because personal relative Directors Officer. today's interim-Chief named the of my the of change level was the SandRidge that portion Johnson background to individual important member since strategic that's Company's I've I and October Mike new the devote on of a outlining priorities is this a simultaneously, uncertainty, chapter. and a emergence begin we Additionally to company's of creates meaningful time
and managing E&P of in area. Johnson operations level career that the Additionally aspects to both four years my had in of executive City spent partner Oklahoma the Later in I business previously engineering here Mountain first responsibilities for all Mid-Continent to SandRidge, things I included and is experienced regions. is in and when that senior team and Rocky Experienced the and would a proven also this evaluating foremost respective mention this are leadership an our that areas group. few I most particular this after as important like Chief industry, as driven Suter last U.S. his years of XX business. numerous has the with our and the past I Officer. years at responsibility, than am spending SandRidge John Operating improvements have Chief SandRidge of years Chesapeake remains previous X.X year Mike the more in upstream spent his this joined I gas experienced recently with and very XX personally their who Accounting during XX years oil and operational most past who level. Controller executive in Officer.
has expanded experience. General of role an SandRidge and bringing perspective with spectrum of Warman Phil more than pertinent Lastly assumed years Counsel seven broad overall along his as EVP
more appreciate this levels public have that of There of and of risk, business challenges that happen. have team short, this number obstacles for full create today, obviously questions call in statements, capacity this and a and in this with manage to listening the proposals to So in a you enthusiasm criticism importantly the make drive necessary management the but is been success fact. to to most we various for interesting I
XXXX clarity today's on guidance. of our However, our objectives and for reviewing results purpose to the discussion provide is and XXXX
incremental Slide regard been X, events issues information proposals be ongoing Our this regularly, as today's and Largely essentially able no provide forward. any and call with move to or communications to that continue outlined dialogue be as there may I communicate proposals. regard to will efforts well with we of external recent to on Board will so as has because other present diligent its is to in themselves the openly during effort,
However, to two most were the and that reduction our I recent items like with letter to emphasize some objectives. these addressed to G&A in of spend would particular were recent regard strategic events, shareholders, revised our rate those and the Board's to
recent reassess provide objectives, to conversations strategic Our to Company's and plans. with impetus shareholders an help this priorities
developed. provided about the result, foundations these. success all our X listed of some I spend the and would proxy to strategic like shareholders their a Because As X XXXX for in Slide a for talking time each objectives importance, and to were on letter These February forward. of stated are
and First, reliable is is safe, this manner. core environmentally for responsible is that we is a the personally value more me objective, will and responsibility. operate than This a in
We sustainability is of mindful will employees, it is that our footprint. protect all mitigating always imperative and stakeholders priority we and and contractors our while remaining be our
exceeding and are Second, operational culture operational maintain metrics track success. is measures of financial to of record Achieving key a and excellence. and
is for culture expense it However, repeatable tangible that the SandRidge has capital improvements. efficiency demonstrated I in at believe been foundation provides the past that ability success. and over years few and culture place our the is with
to will on core continue We build that competency.
to and expect and maintain and have respectfully it's by countless where of G&A sheet. are preservation maintaining to balance business for we profitability. conservatively there our resource, while economic enhance human we objectives emulate manage not financial examples our organizations development improving balancing top-quality reductions this efficiencies execution with process the leveraged exercise are Third, difficult, and management, capacity utilization. intend Fourth, growth however thoughtfully improved discipline successfully
is and capture shareholder success We've the stated while no work more opportunities ceiling significant of factor our risk leverage for and a value the We attractive meaningful our invested publicly profitable maximize growth. success exceeding and have the is than value team. create no critical important EBITDA believe of by long-term this two times areas And current investment optionality this potential that value foundation into will risk assessment, achieved definition, any level incremental I to particular This long-term value. growth discipline diligently through Fifth, meeting modeling. returns. The matters company. we us accurate capital investment on those providing adjusted create to resource. by preserving absolutely of and insight most is asset this E&P foundation debt and shareholder experience emphasized create return of most I objective one and where necessary and outcomes. to Earlier the thresholds of or leadership is crucial gives experience
of our will Recent to considerable accordingly acquisition and capture the have areas. We generated creation. opportunities events this development value analysis all then economic and levels of giving or size merger complementary at capital objective. allocate all approach Six, consideration disciplined while the thought this investment our apply to existing particular opportunities about in potential
to value While primary ventures creation will our base, continue we work that to with key competencies. The focus be operations and opportunities area acquisition, joint regard our within these but something will on must company and evaluate create. other they be priorities complementary organic core existing and sideboard will to growth just to avenues asset of not is this our existing we are of
early of proposal. fit update our legal an This proposal support scale financial any is or asset leverage. on conversation our to on moment we any valuation to our evaluation We've initiated provide have timeline. to from a time commitment with their than comment and Other [mid-states] the mid-states provide modest an management within our advisors. simply that the Additionally, merger appropriate with and other recent addition in to take too is been must potential
million XXXX and monetize as to improve price Our multiple last marginal on an and focus, with a EBITDA of we will been objective strive assets an effort million to year to underutilized to during Since is margin, $X.X and of than in streamline stated initiative continual and resulting infrastructure. This resulted and a $XX which core monetize a non-core steady XX. of ongoing be to non-core in there's our proceeds continue area EBITDA associated operations. emergence more of assets
drilling moving cost regard position. to an X. in the of environmental year the of meeting participation health, ability Now production a to STACK our along with that provides with safety which and Slide and on XXXX agreement metrics, This particularly results. which is outlined solid cost I'm overview improvement of performance stellar in delineate Northwest our our acreage was to proud effective us
the Basin drilling program count targeted Park this more North to boundaries. must benches large of three. bringing provided our We've applies position the about remember production additions but clarity inventory. potential commercial in delineation undeveloped commercially to geographic program of resulting you the to two term talked North productive This commercial total significant simply profitable proved more defining acreage delineation bench additional that Park capital our Our about repeatedly asset than in proved and our Niobrara
ensure capital in to continue in allocation We of excess threshold. North overall to returns balance of Park our
spacing, of this more understanding will productivity the evaluating with and Basin testing lengths. and confidence optimal in with John lateral continued that areas in determination but different forward has say well along of the all different to Park and moving While our can North of I benches grow. optimal detail discuss
to ratio X. our we X% in as a result total worthy of decline PDP reserve XXX% proved replacement proved continue a our was our As Slide in as of production. reserves incur on efforts, with increase a accomplishment XXXX This outlined base is
end's year the our increased prices, However, commodity of pricing. as chart NPV-XX a The growth along our significantly takeaway that, overview. strip company's turn proved this value a over proved the I reserves result key is year-over-year. financial net it With in reserves, on asset Johnson the to million utilizing is demonstrated increase will of improved the with $XXX to but is provide Mike that