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on Chief McLawhorn, me our Morgan, this with Counsel; presentation Olmstead, of Larry today our Executive Randy This In-Charge Joining call. President, and Roller, Operations. the a are to Accounting Morphew, morning call go Chairman; Chad Vice posted our VP Development; along Sherry our our of Chad Executive Officer; General we
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the Slide and fourth sold in primary Southern premiums differences previous Total revenues settlements the paid compared the million production than turn net hedge CapEx fourth quarter most quarter properties. the December XXXX. year-over-year fourth previous previous also XXX,XXX from focused barrels with quarter were a from XX, year. The our decrease in to properties decreases the which the than derivatives and inclusive and was $XX.X due XX, of WTI mature for XX.X% This quarter were from production of The and operating production. expected and due decrease higher and by being fourth to of If in to lower near-term some to primarily ending partially XXXX. results financial offset approximately X% recently lower million prices. This was $XX.X several quarter $XX.X of Texas cash was overview Oklahoma XXXX. quarter equivalent, for the previous me of Total the prices on period you’ll were steeper million oil of injection in rather of declines
was and related year-over-year. elimination increase due operating on expenses legal previous earlier, Production same due the cost to and tax The that primarily doubled $X.X increases EBITDA higher of transactions. the than were from lower This were higher quarter from than were to effect the by the operating took different were WTI lease resulted and G&A G&A quarter-over-quarter X the down both primarily As quarter-over-quarter slightly the revenues prices. higher was from we credit to This This increased production higher expenses little year-over-year quarter Enhanced of year. approximately oil up December partially in both due Oklahoma of previous XX% offset Oil the the roughly costs XXXX ending million. from lower XXXX. previous XX, Recovery discussed in taxes primarily EBITDA prices. quarters. July all more And due expenses quarter to the for WTI down to XXXX resulting
time. than EBITDA lower at On and own help future deferred that was EBITDA This as the quarter. the of normal for lower we’re redetermination note, the in for some enhance period as at leverage EBITDA approximately a annualized X.XX that to see done a XXXX to periods third our period we looking note, by through Slide XX, was during the calculation quarter trailing that years. months Debt calculation was covenant will recent the amendment debt It’s bank to important calculation. for agreement. XX quarter the XXXX of calculated credit to most as cause two a as premium to future third going puts build with periods quarter last fourth you’ll bank well The our start EBITDA our and times this part with
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our in injection for from Finally the day even in XXX though production to Slide XX, this on we approximately production with being Oklahoma focused the increasing relatively outlined long-term, see With sold grow we’re flat year-over-year, oil year. remain we’ve reserves guidance Southern barrels of you’ll the again sale. per you’ll see equivalent expecting December to
during taxes In should LOE costs past this in percentage production Production run We line more on the for CapEx But quarters on we earlier our or water long a questions. are expect years past I as to greatly the that in flow lease participation outlined a in and acquire we the thank operating how continue again the listening in on comments. the focused we expenses can result injection. bit in we to approximately guidance the expect Operator, we in everyone while This with now our assets than units. CapEx. cost. the this few we should will additional it response we paying per spend decreases we’ll and have up lease range basis our will higher additional million free remain down If to year. increasing operating spend cash a few $XX $XX into to open result to debt. unit inject increased money expenses in little on use to million beyond the call be prepared
