other through thought strategy walk be management Thank to would business the company's Brandon. some of highlights, it you, helpful and We details.
while mentioned flow free wells converting Stack had the the I to first relatively months of cash XX% the quarter adding As this Northwest EBITDA previously, year. with results during of positive past X over production oilier
could a majority remain The ethane in during we gas stream the XXXX, increasing rejection with from in natural the our for of oil production day for from anticipate remained our the same volumes the company's oilier months averaged quarter, year our the MBoe and content to rejection quarter, aided assets largest the Mid-Con Northwest XX.X ethane the purchaser of the that first in remainder over XX% X Stack per compared by natural area. Production year. period gas of
While more gasoline total in a the this the CX+ could impact propane, natural BTU the of profitable improve quality. our be volume Likewise, and on stream butane like percentage components basis. will of ethane its will remaining NGLs, volume remaining gas composed
moment Let's the pause here SandRidge. for a key to highlights of revisit
$X production over Our integrated majority margin well-understood PDP routine as through individual long and costs, combined well any operating advantages, WTI and Henry gas. with company asset reduced our which assets profile operated strategic shallowing asset other and a diversified the history, provides $XX and held cost and Mid-Continent base water assets owned production owned electric primarily of produced advantages a are of more miles each infrastructure on as region disposal infrastructure and not set, than double-digit SWD Hub. X,XXX is and most focused derisk with bolstering include These handling for life. well to of require on footprint. both lifting down the producing flaring well with This help wells profitability fully and do by reserve substantial our These a
interconnectivity capacity against In ample buffer and help addition, the unforeseen curtailment.
realization to Our relatively burden. now G&A free net has cash meaningful with flow totaling total $XXX provides benefited generation paths million. by increase shareholder cash cash to yield assets several and potential low value This continue
our our Board shareholder to realize utilizing assets, our is cash, committed including value and cash, we As value. maximize generate to
balance derisked billion company not flexibility subject the materially is off-balance proposition financial robust debt, from Further, position, MVCs a cash value in to financial and approximately financial no significant or perspective is commitments. by SandRidge's sheet, net NOLs. $X.X other our sheet strengthened
our our and them. remain to focus our committed value strategy open to to growth and take opportunities. around of highlighting seriously remaining a We in cash on efficient while to worth growing and value-accretive high-return opportunities generation business the processes responsible, capital capability commitment ESG prudently it's have disciplined Finally, organic allocating we safe, implemented that manner
strategy This X points. has
artificial and well as flattening assets our First lift extending costs. value and generation production and on by incumbent is of rate to as pressing maximize high the our and Mid-Con profile administrative conversions, of with continuously cash return workover operating capacity PDP
in by is fully capital stewardship economically ensure to return exercising rate we EBITDA and to opportunities to burdened risk-adjusted of as second add flow have free as projects high investing possible production. that The and a much convert cash
third acquisition is of bring utilize further optionality losses otherwise of opportunities that maintain The on company's merger assets, portfolio execute shareholders. yield value-accretive approximately leverage could billion competencies, $X.X to for or its attractive and the its synergies, net operating to core complement returns its
pause the to production where ball Northwest a efficiently accretive small bolt-ons wells increased the can play. here highlight we to in Stack for that closed XX of types the which moment I'd add operated like interest these We in quarter, acquisition over for returns. our like
described continue earlier. to will to as We that larger characteristics well similar these look for the meet as opportunities ones I
of share of a dividend expanded consists X, regular generate capital that June To opportunities, we in the Directors; per our expanded and work share of Fourth, per paths uses. return cash, with as on company value, XXXX; to the will to return share approval subject $XX other $X.XX assess year its million. strategic paid and onetime up Board buyback to that way of program maximize continue this we include investments by program to Board its shareholder a end, $X earlier to dividend, this quarterly capital of cash
advanced in cash at will interest value. and acquisitions. the the the opportunities, a Management is could of with rates, and Board outlook levels competitive Please continue of shareholder for evaluations, the evaluating levels. to M&A mergers shareholders Know both a to a work especially high capital and type to with M&A to number there and further paths note optionality promote impact on strategic discussions, that become and way our regular of company's Board is meet advantage capital management markets bar enhance also and assess opportunities that position and available given at leverage that on that maximize provides investors certain return
manner, and operating paramount this financial topics cash across keep significant diversified interim, a remain Besides priority. in banking top institutions. interest-bearing these multiple favorable responsible accounts executing our secured plan position and well-capitalized year's we the safe the In have at in terms and capital
or wells lift reactivating responsibility. that return back projects decreasing ESG moderating tailored its forward-looking benefits this will as installing costs, be the provide the staple production decline XXXX, electrical to lowering current and The costs. utility focus and have uphold first XX and key we existing value-adding of year's further continues artificial to to months as company high current on is final are systems capital Circling enhancing fluid X we demand such conversions the modest completed artificial wells' during will program, profile. to systems for reduce The is lift from and that the on our the production
to addition, since company returned XXX the In wells production has over XXXX.
reactivations for specific natural of for of program electing prices, this reduced these to more year, commodity defer meaningful prices of in we emphasis However, the levels have projects. with increased on gas types earlier periods
our in our disciplined producing landscape focused The and X% the before meet decline asset company efforts optimizing all level return as price XX assets next capitally projects cost commodity focus changes. of ensure the wells' base flattening quarters have or an the thresholds contributed additional of continues remains the to expected to the years of to already approximately impact over development production over The past average reactivations, several and acquisitions. of high that rate profile
offset Stack Boe X our this decline natural the a well lift the and overall of which base in assets completed to to we operated addition ball PDP small prior In basis. while programs, on helped content artificial oil Northwest has increasing year, our reactivation wells
the price Henry mid-$X until within shifted to-high year, MMBtu range. it look been between in fluctuate mid- but XXs per the has has Xs $XX While we now on year-end. continues the the as this towards earlier to approaching contango and $XX other the oil hand, barrel per seen recently Hub, up from
Given wells the option, a concluded production, development our assets our year last during online that came held Mid-Con the the our quarter. XX% in with the tenor and that commodity earlier which drilling by are second we operator program in dynamics preserves
warranted in to will flexibility maybe We continue activity. these factor and and planning adjust XXXX commodity maintain to when considerations as price monitor dynamics
tenor we over and reduction option over return will in of Commodity development lift is pressures to value to PDP our needed $XX conversions small prices and/or artificial well firmly translate exercise efforts have further returns that to WTI remaining a Henry a before primarily enhancing operationally team's reactivations. $X said, are and and focused execute the ball With will inflationary and costs projects. attractive Hub other or which combat our on capital program, now in confident
environment While we tempered term, a could activity near for M&A. price be constructive reduced commodity have
could which the recent down assets NGL from present increase improvements. year generate Mid-Con plus. to for over lower the next the natural to meaningful prices be strip and the the producing environment, near flow more In price Our gas with on highs term future opportunities previous will acquisitions, positioned then natural cash cost-effective price capitalize continue interim, projected to to gas year's
Now $X.XX initiatives, shifting adjusted organization purpose. We're tailored as The able peers. our our which values million compares which organization or $X.X quarter, core as be prior disciplined our from our per cost to Boe with efficiency to expenses. stems of the fit keep to G&A have to remain to well favorably for for
continue flex perfunctory such and less balance value with we corporate field and outsourcing. given our land activity structure create and tax weighting reflect necessary accounting, efficient the of We over ability and core versus several our through to to functions operational where more actually the outsource as quarters administration, to expanded IT, HR personnel past but
and that at of have have while sets Our consistent knowledge just people of institutional XXX total over our experience areas operations. skill remained key retaining both the personnel technical
and and favorable from that that M&A. the broader believe as evaluates efficiency count over asset Northwest could increased expense Despite well and the well are with potential and as per for quarter Boe. first months be well our effectively reactivation a for LOE our and company increased advantages $XX development the and for applied benefit $XX.X or prior programs, pressures were million the We structure $X.XX workovers inflationary Stack X recent this acquisition, as million interest base associated
reduced and from the decline workovers well year decrease of her as costs naturally as handling future new peak a utility We expense as softening in are the they for remainder water a with wells in Northwest production. Stack from costs projects projecting
operation We press actively center company infrastructure, significant advantages. will on bidding rigorous continue costs and operating through processes, other to leveraging our
day profile, adjusted than a $XXX free to and fact, summary, annual-based growing represents same XX.X leverage; stock multi-digit and G&A overhead, of first expected and of Mid-Con which end, issued company supported X% and quarter increase approximately will oil asset a of base; which years debt position more cost-effective future PDP advantages by next to in the per the common net in future XX with XXXX; income XX% share period the cash low top-tier federal meaningful cash In manner; the held that in cash taxes; average and no production an in potential option over over the which per negative Boe; capital reserve in NOLs, quarter flattening X position electrical months average production has the diverse flow development life by future shield is $X.XX little value which in outstanding; compared net at of and billion equivalent to operated no to preserves free strategic $X.X flow our XX% cost production, cash of provides MBoe large cash infrastructure, SWD maintain. per $X owned from million requiring decline
now We'll concludes call our remarks. Thank open to the This prepared questions. for your time. you
