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its focused assets has company's structure organization the before optimize balance the management has sheet. streamlined profile, three years Over the productive last strengthened cost
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while We materially across are more over created substantial as and and strategic lived development production well More our flow. enable concentrated reduced positive free capital have cash to both Coming rather future margin, HBP lifting infrastructure immigrated and asset costs long bolstering assets than water little and operated provides producing with by owned are reserve infrastructure This as operating the double-digit risks and inventory. owned of cost X,XXX company no book. market gas. the advantages high growth reducing substantial to point disposal miles along
its in perspective, declined, our Shallow teens, reactivation In well addition, capacity program. enabled teens, part with both hydrocarbon which interconnectivity well gas in Diversified perspective. to to extend anticipated low over from upper based base unproceeding expectations XXX decline for producing production a through the profile profile, the driven further are curtailments. mix again with liquid
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XX the driven a to of in production despite to of new was or day of in able the completion, by part LOE XX.X XX first reactivation company As in year. Mid-Con, this half wells no the this per from increase drilling quarter-over-quarter result focus
which to quarter, million. this $XX million Our contributed of now the increase assets cash of that and above over flow liquidity, free $XX totaled cash
shareholder PV-XX conversion Three, on well number cash free high We wells increase our process to CapEx to central reactivation. is to we profile improving BOE to EBITDA Four, on to as required, and provides path and upside. prices high reactivate than of all up began maintaining SD’s free a approximately build believe $XX reduction by structure flow and year. as reserve improve capital product, generation realization. cost economically this have realizations level actively and as growing asset development accretive of commodity Our aided appropriate one, a opportunistically reducing This sums and cash that further potentially base value. acquisition. more to Two, exposure And plan $XXX we per flow million, managing is million. cost. low well return low commodity value, cash This
in balance As sheet billion up from of and with the maximize the value SandRidge cash NOL. sheet, And Mississippian financial. the as significant position, realize Further, our balance cash strengthened company cash, operating earned subject trends Favorable to to including the net. derisked is other perspective, value. or MVP over net Trust proposition market $X.X during with simply quarter, financial purchase interest our flexibility royalty recent asset, generating financial we above begin to I to value not a our overriding materially utilizing shareholder
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opportunistic acquisitions, final we unfavourable cost of production uphold our weighted to core responsibilities. set assets, The upward, efficiency Third is is point competencies, A, and our focus value ESG keep regulatory have vigilant and mid-stream optimization optionality accretive sufficient for the to product PDP on areas.
up half to management PDP Regarding years way XXXX. before profit in has stock ways XX% less for the XX% more than than the last several since respectively, measures our and implemented
We will track costs. continue to on operating
deliberate And where incentives, prefer. tax, anticipate but field tailored instructor the outsource flow been personnel particles, term versus and HR. This perfunctory a a land of functions, IT, the organizations. growth reactivate cash administration, near that major. and operations, and we as more more as set to less there we and result, corporate what of the actually to necessary core PDP we rebalancing create the However, with such wealth we to organizations of by Fundamental changes have expenses wealth weighting as our reflect accounting is workover be has and more value
savings, per the regards our and million in market. outsourcing focused enjoyed and and for Beyond G&A production high to returns us payback optimization, quick success on relatively flexibility low execution. to adjust in we last than and have In scalability provides to our over year changes business greater more the X the year workovers the
over sheet, and purposely the assets we approach are work our to expanded latter balance of our liquidity capital part in delever XXXX. We disciplined our as
our stronger well to we decline. much a will further more flatten with initiatives as price firming balance pursue as that and base aggressively liquidity and sheet vastly Now improved shallowing realization, already plan position
well this return. collectively the into of also day, wells return. XXX% Over wells, are rate to economics second and this over we X,XXX XXX set added barrels delivered program first plan half the which of for XX the gross half XXX% over rate brought projected year, back expand for year, reactivation, online of over We now equivalent of per this targeting
In concentration. more very addition, subset filed plan geologic well drilling, forward risk to for go highest Recently, their the this which adjusted to completion will will formation little composition permits and decisions. projects a wells method, risk wells. inventory. scheduled there's company's reservoir, in the reactivation is efficient Oswego the and we long-term barely and influence or reduce pressure costs. returns had will are Well lift a as convert legacy of oil work relative in these capital mechanical year on Unlike likely we artificial Fork Red recompletion as two the Mitchell gas to vertical tested and
footprint across evaluate in of our We projects for future. these help will the further to relatively opportunity continue than acre declines the return types capital low almost XXX,XXX to high
that Our performance laid this out we the expectation exceed earlier to year. continued
this As this this successful the are early wells bringing reactivations additional reactivation We half prices, XXX by well in year. the driven on plan year. previously, material program finding realized and outperformance we this expand of well discussed to second uplift
Please by are well our that Please as production, we increasing the in capital effectively. revised a increase to know as the expense reflect guidance this midpoint over it of expense we absolute on per on for basis, needed that be production guidance associated bringing up, to the on an basis, that not such in demonstrating while guidance increasing joining As epileptic is estimated so. the an that note more unit do budget are does XX%, not time. adjusting the cost increase is
As cost-effective well program we'll and our and do on a efficient in near-term reactivation focus manner. safe, so
low drilling In prices strength, the evaluate overhead, above. or to assets opportunity forming have the the BOE of the XXXX. continue for per current company around tier strengthening its in G&A spot summary $X.XX and current of will first of half top we We
No cash future decline, requiring to We by and like low capital your other flatten flow of profile, asset to call, no substantial position prepared have with you up our and remarks. We'll predominantly well routine demonstrating now help supported time. diverse from large reactivation multi-digit little maintain. low This A will low call operating production Thank a the base. free open among decline. playing high concludes SD produce return factors. electrical gas net a natural Inventory costs for infrastructure questions. a growing
