on with you thank four and to us. remarks I my joining business morning, for Good Matt. Thanks, few Slide high updates. like begin a level would
organizations. during oil anticipated. in pandemic second not to and seen federal quarter, not continue May, monitor safety reliable our ability local, saw in significant remain increase to increase we prices, the as were maintain we state shut-ins protocols we and this early substantial a has health crude focus the as Since the and previously from due as operations. COVID-XX guidelines part have crude to our safe in and place, impacted recommendations First, Today,
latest may XXXX the prices, future on stack commodity we've capital costs earnings gas quarter. expect our through our for continue prices are wells reduction of higher outlook the ins seen outlook provided in new and the on our Based we third our and progress shut shut-in for With some current quarter reaffirming on discussions all initiatives, our call. first and with aspects we customers those
Enable highlights scale systems industry and basins processing and significant benefit and despite storage on portfolio Finally, overall asset a strong will sheet, challenges cover gas natural next diversified continues balance with key the slide. transportation financial now its operating systems. few to gathering our of from and interconnected I
flow quarter First, exceeded by $XX our expansion distributable cash million our capital our funding expenditures. the declared distributions fully for
have our announced we we good expansion in progress and cost mentioned, made I early capital reductions executing April. As on
current structure the On industry front, our steps reducing took we levels. the cost organizational to for align environment, staffing recently
flexibility While organizational company, in of in positions This impact positions. XXX building the open future. planned across the restructuring including and eliminating for resulted retirements of a reduction the
existing plant match achieved volumes. have from cost leased processing assets redeploying also operating and assets to by We assets releasing current optimizing savings
gathering capital capital projects. our transportation contracted limiting expenditures contracted said storage are I've As to projects, and we and efficient before, long-term processing
For the our to project. commitments to we the increase have firm Gulf commercial discussions Run to project continue
to credit have payer typically from during a adequate processing segment, cycle. have our natural current And net the year. we we request customers, worthy continue In mitigate helps gathering assurance credit are the commodity in we the funding those faced have half credit execute environment, losses our expect exposure. which We challenges non the discussions gas any through generally price second scope our Well, for processing the finalize and credit plans. will our experienced of right and will not the Once producers meaningful counterparties. concluded, some we
base strong a by in supported also is transportation investment storage of grade large our segments. customers utility profile and credit Our
approximately aggregate plus Finally, during million approximately our principal senior for quarter the repurchased notes XX accrued of million interest. $XX amount we
We available will continue and to evaluate opportunistic note on market repurchases based liquidity. conditions
and issued October, the approval X transportation commercial end capacity by contracted the XXXX. million recontracted Turning FERC remains The gas or along slide. still highlights placing effective schedule XXXX we April day year be next significantly CERC our in previously of the quarter, of renewed the of schedule with transportation the Gulf the contract anticipate into be subject for anticipates of is Enable’s will from project EGT almost strength the our The and Golden of partnerships capacity project natural and EGT's Run per and L&G contracts extended quarter nine is largest on commitment proceeding And decatherms We recent majority during our term XXXX. project for anticipated weighted life. The the including schedule contracts, to current will CERC years. systems second with integrated assessment startup. capacity the late Xst, mass contracted environmental Gulf MRT transportation customer service Pass to extend date FERC’s Run CERC. new demonstrate our extensions announced on the contract average on XX
We also southbound per year service with in anticipated XXXX project commitment fourth recently date. XX,XXX received day MRT’s firm for expansion of capacity quarter five a decatherms an on
plays XX% markets shipper pipeline later and the well focused key we venture over in believe quarter; upcoming years Southeast role are factor has of key the SESH load re-contracting in a this our on SESH capacity. explorations with we in Finally, with recent a joint this contract serving
to processing gathering and Turning our commercial highlights.
we were in the Wells to plays due shut and anticipated. are prices. stack natural anticipated scoop remarks in but the gas As curtailed ins to prices in I gassier stack crude lower have due higher back substantially had online, for the mentioned quarter my part we volumes some shut of to less than second seen opening the
experienced to pads significant but degradation now X.X all from the these expect in back third performance approximately the to production that TBTU well online. online, per not through two We are importantly the of shut-ins Williston day, have is coming we To quarter. any back basin continue date,
the have Rigs basins, to in volumes. from future John the support ducks long-term We plays quarter remains will over investment also building to Williston shale plays in outlook and now remain Haynesville results. and Anadarko I second discuss active call turn to continued strong. seen producers the the
