Seth. you, us for Good morning, Thank everyone, you thank this joining morning. and
three my comments, touch During I on important the for operational quarter. points will
we are performance we First, pressures program will what finally, their a short-period production; to gained and the the second, will our doing our I have completions; cover in since XXXX the discuss that basin line efficiencies our strong I drilling will on mitigate in drilling to of impact and touch enhanced I started.
oil our wells loading XX% offset know, wells spacing oil decreased second These of oil the cuts, were frac doubled overall XXX our and feet. utilize wells and intensity using on offset percentage in impact design greatly are on general. These essentially showing This in stage significantly flows outperforming are pounds outperforming has end four DUCs approximately cash approximately thus offset by a our resulting wells quarter, production well for higher been returns. enhanced As the and near-term four of higher line are foot and volumes. four our the the in their months positive at to per completed showing wells legacy SRL and This by X,XXX sand production have increased XX%.
slide adjacent of can you and offset the well on investor our four current geology see the and are wells to spacing. similar presentation, XX As have DUCs directly
a So, these wells new between completion and provide good the comparison old designs.
We’re of the results program, and to remainder which these completion of our by utilize of forward very encouraged various XXXX all wells results from the completions look enhanced reviewing designs.
flow believe far intensity recovery production frac and performance, we the that wells, these indicative increased very back. so result what the XX, enhanced the have call, of slide production are Aside these a flow we’re pressures encouraged assurance. reservoir rates shown from on well. long-term These data with robust of combined have We Along pressures have recovery, from with by we wells increased seen be enhanced these as pressure to we daily pressure oil maintained.
Boe you have per day. our hovering XXX can production As and daily see, above flattened rates out
four anticipate rates nearly wells period. performance to the to that month slide production the of production nature cumulative same wells, are daily offset these double increase. the we shows, flat As of Due for at the
that very and all to these We’re it items is cumulative safe soon returns. should our while pleased with establish we too impact enhance is their to a of level to it or type well results these IRR, the think calculate of say significantly curve initial
have to increased our to from fourth touch leading basin, the our our which significantly hiatus activity like decision with led to to increased have production on months. coupled line for pressures would which resulting headwinds, production pressures the are recent in quarter. reduce in older directly I These guidance Next,
X,XXX entered second bring agreement next the with waiting Investments anxiously year, in to have are day on into per Energy additional with to next producers Sterling few ship Mcf to basin gas the up we of start an half processing capacity days. in to of DCP While service
third DJ day the context, will approximately in that quarter. the average per shipped to able accounts during for the For XX% be we we ship, Mcf X,XXX of gas the
will provide QX and XXXX. on in an during of having wells gathering to processing are for of diversify to risk and of processing. production Bonanza for due a a our beginning third-party term, relationships we and acres opportunity is reduce we the material be undedicated and These it undedicated this bring helpful processors. Longer to So, us, position gathering new our further and as advantageous the significant deal acreage particularly with amount
five In us with to addition, gas which our points. favorable off-take RMI system the townships, spans to provides move easily the flexibility most
and and compressors system mind, XXXX on of third-party points. actively continue to all November the the future. With hookups to adding We’re the three options. also short we and now out system this and for direct gathering additional favorable to volumes these other our allows to processors serve additional in XXXX most volumes in to This processing in both seek
over drilling efficiencies off start I a -- well Despite past activities, program drilling touch over the to Lastly, year on completion taking will a great year with off is year. and our our over the times. from drilling record-setting drilling
increase During feet X.X average SRL approximately XXXX X.X both in per XX% the wells XXXX in our release day, were days, of has days records. feet drilling efficiencies. overall spud-to-total spud-to-rig quarter, Company In which of one and day our been thus X,XXX averaged program far in per from a our and X,XXX was drilled depth all,
more to program, more better, comments, kick Company will numbers wells, engaged and efficient our areas are program even continue my we XXXX than and we our capital these we XXXX To the continue faster off we with ever incrementally making summarize activities for already to of and look As drilling capital. have make efficiently improvement have.
benefit that completions wells XX%, will are ultimate recoveries. pressures while maintaining by outperforming We’re nearby that executing
finally, We’re leveraging our with to RMI a doing structure. pressures. improved with our And together undedicated acreage system vastly we’re system basin-wide cost this mitigate
results proud in that the I’ll positioned efforts these results turn coming of superior call to and financial on third position. results our for of We’re delivery of team’s some quarters. the With the are for the over and confident commentary Scott we’re operational that, quarter
