it would to Thank walk details. Salah. company's the of through Thought and be other business helpful some highlights, strategy you, management
producing further commodity price high drilling continued Northwest Mid-Con. last from strengthened capitalizing pleased on on the with reactivations rate of our from year, and well the are As I in mentioned previously, with properties STACK, cash return dynamics flow we results
able to to XX.X content second reactivated XXXX, benefit assets the production first approximately year, aided day half per a of from while XX% continued our since from the oilier by XXX at STACK We're from Mid-Con consistent for the of new more MBoe keep with wells increasing Northwest year our the volumes than oil wells.
we artificial addition, for The forward wells systems and lift of systems, long-term demand In XX systems have well which efficiency lower in optimizing point set. to will aid converted costs their lifting this wells' from we systems is decreasing fluid have costs. utility artificial tailored to lift the reduce are will will be current and and key the the and to installing production current electrical
to an These average producing next contributed the profile focus, X% and of flattening types our decline cost investments, production our XX asset-level over approximately years. wells expected have of already of optimizing to assets the
month. and now X capital the X are the last completed production were X targeted have which the We successfully first this core play, program, in producing year's anticipated to of STACK Meramec from wells have are wells recently drilled while and Northwest X and all
averaged the completed is pad, well the X,XXX dual also production Boe day pad than higher in a on XX our first in wells after days. from original first from that the over the have Also, XX% highlights, well section recent operational the in-line a days. XXX [lean] dual And program, in average turned per rate
key the Let's pause moment for of a to SandRidge. highlights revisit
most produced do primarily Mid-Continent life. assets require gas. reserve well routine flaring diversified a Our and not long production a held well-understood production asset the PDP base of is region history, which set, are with fully and These profile shallowing by double-digit focused with in any
profitability wells SEC assumptions of the integrated $XX owned company for XXXX. wealth to gas Henry of operated bolstering and assets January X,XXX individual reserves PV-XX more include electric date pricing asset handling proved and X, our of year-end over $XXX flows Hub. to footprint. disposal with infrastructure each reduced infrastructure and and miles advantages, these approximately combined healthy costs effective XX% well WTI as of $X SWD of owned NGL operating net These nearly cost producing discounted and as lifting This based and substantial than strategic assets and advantages, is margins both the and future developed other and cash and risk XXXX oil, through million, on provides water down
addition, the against buffer In curtailment. unforeseen and ample capacity help interconnectivity
free Our to cash X yield $XXX generation benefited assets significant to provides with year-end. now cash several is realization low cash totaling flow as potential debt relatively paths This with increase million total G&A continue and burden. net by value of shareholder
value our and we including our to realize shareholder committed utilizing assets, As generate to Board is cash, cash value. maximizing our
in from and is perspective derisked materially not is commitment. subject position, financial Further, the balance robust proposition strengthened flexibility billion significant value net off-balance-sheet financial financial by our $X.X sheet, a and NOLs. company over MVCs other to cash SandRidge's
commodity We strike average mark-to-market $X.XX contracts of risk capital of campaign, commodity or derivative MMBtu enter gas additional natural commodity derivative contracts to $X.X other fundamental returns to XX, company's manage XXXX. drivers. for our asset per of an have from as time into December could The value secure million price a with time
open it's organic our that safe, capital ESG the generation to growth remain around to value prudently Finally, efficient opportunities processes commitment strategy committed focus while capability opportunities. this. value-accretive implemented manner a remain our on responsible, highlighting we worth growing allocating have high-return business to our take We to and seriously and in disciplined cash of and
shape costs other beyond. continue commodity XXXX prices, to its that development forward-looking returns results, investments, which or influence in could company factors disciplined on The will and to monitor decisions continue will
pressing has X generation lift of extending of conversions operating strategy points. flattening well value as rate well workover, PDP with assets and incumbent on our as capacity reactivations Mid-Con profile and costs. cash This and the our and continuously production administrative by Maximize high return artificial
possible as and drilling The to burdened on as in cash second and program the exercising opportunities our much in Stack stewardship high core is we ensure to of flow the investing while have risk-adjusted convert fully include free Northwest add to capital production. that economically of return executing EBITDA rates projects
opportunities The merger execute third complement of or operating could for $X.X the synergies, optionality value-accretive billion yield assets, to utilizes competencies, to leverage its losses acquisition company's otherwise to net attractive on core portfolio bring approximately that returns its is of shareholders. maintain further and
to uses. company's path position we also competitive M&A work maximize opportunities. in Fourth, return note and evaluating strategic generate value and the continue our a and Please include to to cash provides shareholder to Board opportunities, is of leverage capital assess advantage as cash, strategic other investments that we with will
given interest the markets become and of that opportunities at outlook the type and rates, number the capital levels. on could the Lastly, impact certain optionality available on
evaluations, Board and path these fronts, advance cash on Board balance evaluate Note is versus earnest and opportunities. will work expand with with that weighs growing to there discussions, returns to a cost Management and our at way, high management the shareholder levels meet promote capital to the for maximize patience value. regular both continue on to M&A and and investors shareholders progress with multiple its of that accretive execute and acquisitions management bar mergers
Besides remain paramount a year's top banking have multiple topics operating financial and safe and our responsible we favorable capital interest-bearing these keep institutions. cash the a terms executing position secured priority. interim, this plan and across diversified accounts In at in manner, and
$XX approaching year-end. forward-looking our drilling Hub commodity program, per maintained the downdraft the staple MMBtu $X upper has with curve contango, back year's final in around uphold despite is is Henry to barrel to term mid- to to this by per near The Circling low year. for responsibilities. in ESG recent but the flattening mid- prices, to is fallen oil $X
held XX% development production, these drilling that preserves early and our by year. of this we the Mid-Con are program which be assets options, Given dynamics will tenure concluding our near-term our
dynamics to continue maintain may will and warranted. be We adjust monitor commodity to flexibility further price as
in returns said, are cash will value operationally to will already PDP needed capital developments. WTI from $XX further inflationary With translate pressures remaining assets. reduction return further over team in flow and firmly our has the prices $X.XX enhance to Commodity our costs the efforts exercise meaningful combat Henry attractive or which that before program, well of our execute base and Hub a we and option to
we is pricing more last guidance volume Increasing term, bolster attractive will this to keep production flat, by activity While overall will of not enough midpoint the further which Boe to expect the which nearly production volumes translate oil to flow. near oil, in at Boe relative our from increase year. weighting realizations, X% reduced has cash
it focus been our a productive can cost SandRidge way. other turned in will very this the reputable all dual will and offset payouts wells incremental profitable and A by wells. cost year's has history The structure previously this we XX-year base remaining in Mid-Con, co-development on along tight We program operators. with infill be to be year production area a be this and leverage well synergies very delineated area efficient will leverage that with directly X know add barrels developing and online to that
commodity attractive reactivations, be conversions we to development more will drilling, lift in [limited] future In leasing investing addition support and XX environments. XX to and artificial
plan program, continued of have casing pumping for for capital units to workovers We the buy items. ahead drilling having activity, other prepurchased and
and high-graded addition, We'll practices. best cost-efficient co-development In we company-owned opportunities. employ utilizing equipment other be
targeting are average for X-mile $X,XXX lateral $X to over D&C million gross or foot. a roughly per We over
prepurchases pressures in Prior key equipment our of program have today's in market. materials to inflationary investment to been off and warding support
While the to pulling as across be rigs service sector through points. has stretching inflation we activity into and central weak bearing will year continue and to meet out and remain service industry lean costs. increased persist has the will adding continued likely of this ramped supply year efforts, the employees, on demand chain a to choppy yard new unsecured forward focus cost-control Also, last
to equipment points needed been services we've and have pressure to efficiencies industry. persistent the service the equipment, able While execute, and quality across secure been material
While provide associated some realized. benefit or additional activity may relief future to further these will activity cost take before reduction it issues, reduction be deceleration for may any or recent time
to core remain despite to continued be organization reduction to prior G&A were adjusted from We cost-disciplined well a prior to our year, for purpose. stems slight meaningful able increases capital expenses. for efficiency the activity. as have as to $X year, fit initiatives, Shifting which in keep our the million tailored from This values
operations accounting, we producing reflect We tax but outsource continue just create value to and balance where such necessary functions, and corporate well and personnel land people. less activity remains count, to expanding perfunctory administration, core personnel more IT, total field actually HR. XXX Despite over as and the versus our weighting of
retained have the corporate sets we our of have that operations. of and knowledge areas technical institutional both Although personnel XX skill stand at people, experience key
to able were and per million below workovers year, the we X% $XX midpoint or $X.XX pressures, LOE the for inflationary roughly guidance. Boe of keep Despite to expense
production. that press actively to to this to these repair this expenses, continue will anticipate is we workover continue translate While will to we The as operating expenses, levels near costs, year. remain reactivate news on we more additional specifically good and wells
the chemical while on However, Boe per other remaining expenses costs, relatively a water, an absolute basis. profitable, which of increase and have high tranche and both operating will well reactivations power,
addition inflation a an count, of be In producing continue well to increase theme. to cost the will in
to increases as to as equipment leverage securing and inflationary will rigorous other processes, center services We infrastructure, tenure to material, well combat appropriate continue offset market an pressures over expenses through manage. well significant on our as companies' continuing operation partially bidding and
adjusted core leverage; supported expected debt, an growing shield negative continuation last SWD G&A and maintain. the approximately million advantages, years PDP large from which represents our and our no quarters future and $X of cost income in position production producing X% reserve will has infrastructure, quarters a common assets; diverse electrical at in the with nearly last by per STACK well asset free net which and BOE; program; drilling X of increase company to no flow production federal the and owned cash cash flow high-graded consistent our reactivation Boe decline share tax; Mid-Con program provides significant cash life year-end, top-tier in annual to capital $XXX the infill low a the multi-digit equivalent cash $X.X next profile; of which summary, the over a in cash future capital strategic XX oil stock to billion $X.XX free average over In overhead of net Northwest XX% base; several operated and little per fact, issued outstanding; flattening over NOLs, with of requiring a from and
our this more year's conclude in I for for the included remarks, Thank to Before like point your you detail we program. prepared operational capital and earnings would to time. guidance you XXXX release on our
call open to now questions. We'll the
