here, to thought the evening few are there We again. everyone and you you information. I'm a but filed last sure we XX-Q and last us it that morning joining detailed thank today. and Good probably myself, Jimmy seen Brandon. for Thanks you of you'd can refer are our for
our alongside combined entire to are our are in the rebuild the company. as Whiting Chip efforts as well the lie about work opportunities ahead Officer We delighted staff excited Operating Rimer that and to Chief
great employees on here tough We have team sheet a Whiting of carry have a helped September a have been to disciplined bankruptcy but program short emerged intend very during this financial with we these challenging X time, a balance that strong from through with and industry just forward time. We conditions. impressed and been get
The oil gas commodity and environment. a price industry volatility continues adapting to is experience lower to
have to cost our we structure such, As operations. improve and made strides streamline
a alignment compensation in actions we addition a In reducing approximately are all with broad to ensure our generate savings the saw Furthermore, to annualized officers third XXXX. in with $XX million programs shareholder of to compensation. returns. in our total expected our quarter refine to decrease employees in workforce These along group continue taken
address quarter million continue possible. flow adjusting current in quarter providing related expenses non-recurring the XXX along cash Q&A in items went down the to impacts to drawn XX cash for towards during paying liquidity. resulting generated XXX revolver our XXX free million with in We million for on million was and to will debt make wherever the and EBITDAX try restructuring after The reorganization. the
the performed now would level. was operation at I focus high like where to on team a
For of barrels per XX% XXth, thousand MBOE averaged day the months equivalent crude of was production three September XXXX oil XX.X oil. which ended
million. completion anticipate materially operations while The in of quarter fourth million production. additional spent brought we production. period, and same from guidance commencing We onto capital full-year bringing this production wells quarter’s on five midpoint spending wells flush enhanced During XX on XX expenditures the on approximately wells and expenditures wells to million seven $XXX production capital placing these a the
to in mentioned be XX% day earlier. estimating oil a We XX range per XX to cut same of MBOE at are full-year production the
our expect as to a these under wells, of exit for about the timing full-year at the well rate. as completions production from year due the However, we decline XX% producing
of with accretive at most Whiting free-cash term a we that free we plan stock. be the disciplined Our In strategy along returning free to provides allocate cash towards shareholders. flow options back continued the to of impact paying liquidity. on generating this generated continued to capital us the will options the debt of flow focus value the to cash ensure use will with are term, production near continue to down opportunities capital attenuating business however, flow look will by for declines. Longer The our
challenging to us sector moderate gives declining Despite environment upon low a strong debt with strategy. for the energy the this continued foundation build a combined base asset our level of
we As spending expected anticipate to quarter, and completion our we current our we XXXX environment, refine balance to move fourth EBITDAX the approximately would through and of continuing operations utilized drilling commodity debt. towards pay Under half the are be down the outlook.
the for see we similar expenditures to us flat relatively XXXX consensus at Using quarter exit pricing level opportunity XXXX current the keep XXXX to levels. XXXX, capital providing spending fourth our production as a
While we volatility would surrounding commodity flow an free of XXXX. this type attractive generate challenges yield program of understand cash in the the prices
Moving With should the a oral Circuit year as access continued further taking is the are District we whether downstream the this the pipeline the well from appeal early arguments from EIS regarding required. as required, EIS end DC XXXX ongoing. place a be decision or decision of process by operation regarding related expecting an Court be appeal QX, to court the of will an past Dakota Wednesday
alternative and mitigate securing have market continue of help and potential We arrangements to the impact searching ruling. unfavorable will
backs around that pricing to de-accelerate have can multiple utilize as like the we levers economic in uncertainties the as do activity we not if we Ultimately, continue outcome. we to volatility products, experience net of our commodity well
to with one continues be the most industry our within points discussion Consolidation investors. significant of the
recently seen this It and the companies future mid need and small cap to and continue have trend industry. progressions endeavor we be as a of to part this in continue is We see this cap discussions redefine market within to larger the occur this universe. our we
also Q&A and seamless a jump Scott welcome would new transition. Before over been We our thank Regan at forward best join look service I to like him for working and we call Whiting [Indiscernible] Council. his provide his for into family. General the has on wish and to his Scott will like five to retirement his we long with company as as years Bruce
like With for that open questions. it we you. up would to Thank
