you, and We morning. good SandRidge. appreciate in Thank your interest
arguably released of focusing for Our quarter. and on gas challenging second that the production provide the the quarter the on outlook XQ most operating in shock up later initiatives COVID-XX; as substantive XXXX earnings that will both demand prices, hit to particularly brief, history the the by during Accordingly, yesterday highlights well company. XX-Q from we’ll well as today as other commodity in financial The required hyperbole the performance responsiveness. and was we keep business. the year of oil decision detail the to and OPEC+ from the the, our say from supply Not two, NGLs earlier as ramp and our one, the on double remarks file oil and debt the the whammy prepared
LOE commodity and been our initiatives than restoration oil the a of focus cash production steep otherwise rigid given course, impacted what CapEx commodity in in We had are severe of business have the drops has fluctuations to flow pleased response and cost, the Further, our expected would our we been and have commodity downdraft. and muted more with in quarter-over-quarter benefits price cash COVID-XX, price NGL free how likely degradation Nimbleness managing than fluctuations, adjusted. particularly price decline. particularly quarter-over-quarter beyond wells Accordingly, might quickly and the proactively in manifested team again, more flow curtailment was EBITDAX more anticipated. prices. then mitigated
we’re comply guidelines. While policies procedures to state the health to as with and as we appropriate instituted have of back federal, and our well local protect in employees the office,
Aside and saw as reset structural how at wholesale well, gas from run oil a the substantial and change we broader change XQ notably, executive a industry, our most management SandRidge business. in a to
On at almost direct strategy we In-house, the retained will the quarter, year. people setting core of staffing the and down the of corporate the value-driving, only at XX% side, oversight just stand fourth XX over from start beginning controllables.
necessary $X per other and other been that benefits. lowered and about as to of to for rate. rate. we’ve guidance Yesterday’s software, less reaffirmed Progress implemented how on field run of to our a earnings BOE equally BOE curtailment G&A economies leaner XXXX functions, other million workovers, compression practice to Through hardware and we initiatives, reduced about than go expense $XX has million For we’ve and best rationalization, LOE scale, savings outsourced initiatives personnel solutions per adjusted and scalability sub-$X office and close we’ve such thoughtful and with provide use we a significant wells, chemicals, how team our uneconomic May. LOE among $XX release changes run
those before targets. We’re achieve even our to than more confident now ability in
incident. SandRidge, rightfully changes particular. will industry HS&E the headwinds at achievement month, XQ’s a front, years remarkable notable given this is significant all the celebrate On generally This equally in the recordable two later without substantial and more our team
equity On third we to a the close expect sale the previously debt front, building in announced quarter.
cash anticipated from year, that net to Commodity will position of cash million close put sale, coupled the approximate the in $XX this back us that We generation proceeds with by a expect year-end. in half our open flows. gas impact call of more production will We’ll hedge course, the through to than now expected our extended end prices, PDP XXXX. to the We’ve our XX% of profile questions. of encompass cash
