Jack F. Harper
Concho XX% Tim. mentioned, stronger, been exceeded quarter high-end increase day volumes X% you, from is represented growth. for Tim results By an fourth our and growth the barrels over the our any previous And we quarter. in has never as Boes first range oil reflected per guidance which the also solid Thank day, per nearly of averaged XXXX. XXX,XXX metric, of of Production XXX,XXX quarter. the delivered Oil
for and generated is long-haul of moved X.X cash asset a ratio protect decade, by over barrels to maximizing and XX% we efficiency. in funded XX share in regional operating more capital strategic free were of discussed the pipe. intended capital a to approximately net leverage Midland-Cushing a in provides risk than goalpost EBITDAX. These first ensuring cash to total And in past first the with mitigate our investments we have the on quarter. controllable upstream generated $X.X are moment, first the example to down program takeaway but by We to we our Drilling than quarters, the sales made XX last business and this and the we've flow significant differential expense. non-core to costs. inside comfortably Today, X $XXX more and million X.X Not times the investments cash line Oryx disciplined completion have basis for debt program, and interest were another of infrastructure. operational quarter, unit flow. partially Returning times advantage. in billion times per only in the investment moving with quarter scale financial equity at lower, of reduction regional This behind the offset our new continue leverage the for hold on past, offtake at for the adjusted them on per goalpost points and multiple hedges. capital continuity to over primary previous LOE refineries. during quarter from is cash our the G&A March X.X gathering Slight our is to Oryx $XXX the oil $XXX times EBITDAX. the our debt we've the decrease million In and increases from In we've drivers of low-end of the XX distribution Aggregating the A systems times million flexibility out X transporting range. income was $X was and of of cash
high-quality generating oil the in Delaware Northern XXXX. ACC for such a Delaware shareholders. our volumes system the have as Oryx added benefit that have portion we're of the The regional through oil standalone and We returns Southern of hedged invested in in our substantial
During the and our We XX% million received our invested X.X first were in distribution cash quarter, equity cash due $XXX the to to represents the on capital, stake. fund a roughly equity term $XXX from an loan, million we to team the times return proceeds holders. which Oryx which retain ownership Oryx, used in investment its received
delivered Turning operational results, to our teams an outstanding quarter. our
in the of advance in a oil. new length large-scale lower Boes, set wells. which quarter, the Northern Xnd Runner XX X,XXX wells an we we the each the feet projects lateral across Craig X,XXX record Road drove and a Basin Delaware, with County by to And rate set with records average laterals continued Eddy team. longer of the two XX and XX-day average formation successful Federal extended The X,XXX in Delaware That's XX-day the out which of Federal peak of wells the previous was at approximately record During our produced performance. the XX feet. advanced the we In Bone record approximately XX% Spring than added were portfolio. efforts
wells Spring, completion in Delaware the returns. these lateral we're landing design and of which included target Southern traditional enhance placement Bone XXX-feet development part pattern our a Importantly, constantly below. to and In Basin, were the Xnd lower stack our the fine-tuning
were multi-well an about of in quarter, with miles, includes project wells. XX project the Mabee from These section. added we of Boes in reflects performance first length which from the set multi-zone the wells Midland This development. feet. average XX XX-day focus Basin. X,XXX record We peak Ranch an results one-half first lateral Midland During wells all Notably, of Last our length highlighted quarter. X,XXX the rate drilled to added wells a XX we average wells early part large-scale on X the in of lateral XX the projects, Northern quarter, within Basin
and XX,XXX of quarter, first and project respectively. the XX-day During approximately the XX,XXX XX-day averaged Boe, rate
to X volumes rigs have these of crews production large-scale second these running. are XXX,XXX of our day. For we rigs on X working quarter, the currently out per projects. average types working are We to expect on projects and XXX,XXX XX Boes of frac XX
the a mentioned the lately. outlook. not swaps We've earlier, moved full-year discussed we've production trajectory. of outlook a start bit past, have in growth development to project oil raised Midland-Cushing barrels XXXX. our large-scale oil portion great does of the differential priced off through as we've with new it around include we but XXXX production year, And quarterly has realizations. I quite the As deductions, also reflects will crude our price drive while pricing for range updated substantial our full-year basis And, our are Midland, covering The a as production
building we're our quarter execution strength, cultivating we're long thank Before and accomplished I'll the I strong strong over the operator. company only advantages, financial turn to With in team. a scale a We've one and to turn it lot position drive Together, I to it differentiated returns XXXX term. a and over over and performance in. competitive want to Q&A, that,
