operator. to Officer. today Officer; our me conference With Chief call. Lamont, Ken are, Ryan everyone you, Gritzfeldt, Chief and Welcome QX Operating XXXX Thank Financial
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a first in like XXXX, discuss our constructive the After XXXX. quarterly for the briefly Before more and I the of macro became the results, to tumultuous industry us to year. this sentiment I'd environment improving speak opportunities quarter of ahead
to pre-pandemic significant and economies are with Although, demand, global open COVID-related the broadened closer levels. continues has beginning the challenges, to world to returning vaccination face to rollout oil
on over to growth. front, show large-scale supply we industry the believe renewed discipline, continues focusing returns On the
all managing supply-demand the mark have US$XX stabilize much economic Additionally, helped per around first remained as nations have barrel commodity footing. its successful oil-producing global OPEC These with prices quarter. hovering the factors and WTI delicate in recovery finds for balance, other of
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significant XXXX approximately enhancing During generated by intensity increased to we with and target our remain XX% strength, guidance. capital track our the reduction on our spending first cash million quarter, and $XXX emissions flow balance further annual excess sheet production of
price result a operational of and initial flow generating excess we materially approximately cash $XXX for our significant This As generation $XXX our million WTI to into we million enhances well of next to QX closed US$XX our our ending, further acquisition success cash further we Duvernay. excess Kaybob improvement accretive to at shareholders. as per the flow commodity execution, barrel XXXX. US$XX anticipate environment, financial expect current quarter continued position. our year the on enhancing Based value in for Subsequent
team swiftly will cash this of inventory new metrics. all Since our improve portfolio in and our and entry We talented employees our assets Point. generation, environmental give welcomed performance, our have deleveraging profile, expected integrate flow Crescent the play infrastructure our per and into a our into play free expect to former moved that share teams have accelerate at accretive the enhance further us a acquisition, significant Shell to closing low-risk
income million. while at be per to to US$XX US$ annual approximately This BOE million holding XXX XXX barrel XX CADXXX pricing. approximately approximately relatively per making flat of XX,XXX production CAD annual of continues investment million produces strategy operations WTI at day, capital operating CAD Our an to net
direct drilling enhance should area, development while forward key this Furthermore, as to we identify we plans. also assets acquiring further about months, Duvernay the lower are to coming more able develop locations our we the these the operations. by operational will by continue our in in sharing requirements, ownership integrate Kaybob in multi-well future efficiencies, capital We returns time. over progress development strategic look by the We through realizing and of to to expertise with assets gaining play news our new control confident infrastructure our be opportunities pad of that over in identifying into
to target While at we anticipate our corporate performance, progress, improve year, reduction ESG highlight and to Last worked drop an XXXX. level. our hard GHG want our ambitious set by to the environmental also we Kaybob emissions Duvernay entry to additional methane made I these a we XX% have year make significant emissions on early achieved We've success. intensity emissions our by fronts XX% and progress by reduction
XX% XXXX increasing from we in of targets GHG XXXX original the target. our achieve emissions XX% a by reductions our and methane baseline same As intensity are in to result, year the as
for ESG receive our agencies. from continue to progress raising sustainability recognition We
this to the over targets and new performance year. compiling announcement will discuss report our released turn the now year's We which this results. to financial progress later to are the for environmental sustainability in Ken continued of commitment including ESG our it Ken? highlight be I'll of report practices to Look additional disclosures.
