start Mike. AR. underway at expansive by Antero like Thanks, I'd cost to Resources, the discussing savings efforts
million process review, cost make alone. $XXX to This last Through this the environment. company. competitive more AR the in expense we've from to a the XXXX structure year, AR's commodity in item identified potential a of structure price every Over we've for the cost been reducing intensely line-by-line on comprehensive overall remove overall throughout lower longer review focused included
or reductions lower Cost X of LOE, Slide water driven Overview, new come and the expenses, reduced produced titled blending well from on will Strategy flowback lease majority Reduction operating operations. and detailed by As AR the costs these
XXXX. see turn expect lines these trucking improved events, coordination blending well and to logistics, million $XXX D&C of and CapEx optimized completions savings million savings during in $XX Through in operations, of we drier LOE
these and expected X% AR Importantly, be target XX% is budget Antero's $X.XX XXXX majority in in-house that generate can savings year-over-year billion allow net CapEx a control. of D&C $X.X the to of billion achieved to production growth. vast to under to savings are These
In addition, mitigating AR net initiatives net expense capacity this to on These marketing excess entered continues has into in third-party marketing to providers. further save and already million focus approximately evaluating reduce midstream mitigate and expenses to remains opportunities $XX active winter. AR agreements with
XXXX targeting of or AR approximately in a attrition million XX% G&A savings Lastly, employee is and $XX G&A reduction in from overall natural reductions.
per The foot lateral well basis $XXX let's per Last Marcellus or quarter, XXXX Page a a that that X $X.X to approximately million in targets per budget. side well XX% well titled reduction left-hand $X.X savings at cost Reductions. costs of Cost on illustrates well. was to Well the page cost million initiative in AR's January move assumed XX% announced AR to foot, Now AR's
nearly $X of are per our achieved substantially of savings foot. million are AR's $XXX XXXX of ahead half foot, which second $XXX costs Savings equates Today, well. well target per per to already previous
blending cost to of flowback primarily of quarter schedule achieve acceleration water resulted the the ahead reduced well to ability costs. is in localized third Our lower due during that operations
program us to savings quickly The of our schedule. coordinated successfully deliver effort between AR and blending and ahead and execute AM allowed
idle our decision flowback Before to to briefly of getting the new I into water Facility. our the produced operations, Clearwater Antero discuss blending details want and
recycling responsible As the to and we forefront you the leaders on industry in environmentally development. at began of become facility remember, construction to XXXX shale water be in
to idle injection intended the were and specifications. industry-wide inability long-term of regarding was The concerns its by facility there wells viability completions used in this the decision driven time, at water flowback At to in was its not operate Appalachia.
As of we the a recorded the facility. impairment of million $XXX idling plant, a result
flowback disappointed reduce as overall AR. are water in other such we initiatives produced developing we the While at and the outcome, new cost remain structure focused that and blending on opportunities
development flowback This in to water Antero at in that growth at integral LOE AR underpins role blending shows blending drives lower X turn for particularly longer that supports price providing long-term a Water AM, Savings savings environment. Performance Slide in an AR. plays Midstream CapEx and the the at produced date. operations sustainable the both for and Antero commodity operations titled
in range all-in was As depicted cost the by the barrel the half yellow the of per first XXXX. AR's disposed during chart, wastewater $XX on line of
quarter in trend cost by purple volumes, of barrel the trucking which on blending are an cost increase is downward bars. this blending with primarily to in disposal by in savings shown These slide the from cost combined wastewater to first per depicted expected barrel The XXXX. $X.XX reduce compared reduced a AR's is driven over
material from not AM's is While AR a is AM business costs. down to it contribution EBITDA portfolio, operations the driving critical blending supporting for overall and
of Slide Preliminary to Capital Target. our preliminary titled of XXXX X Now our prime capital XXXX the discussion -- move let's on budget on
into on map page, that supports over constructed Tyler development the County, years. of the the of right several backbone depicted XXXX, our on As the the AR's West in side we next infrastructure Virginia,
and return to our ahead to gathering million highest budget of have Looking in capital a plan compared million. the of This $XXX close million that to XX% existing a budget million in target allows reduction to capital to to us rate $XXX of XXXX focus of $XXX or the midpoint we to XXXX $XXX updated at capital AR the water also locations infrastructure. on proximity optimized XXXX, are
a with capacity of processing of have joint the XX, in a Looking for feet XX of invested at cubic million adds fourth day majority combined MPLX, XXXX. and the already our we investments processing venture in the capital quarter XXX Sherwood which
processing mid-XXXX supports Smithburg Antero's Sherwood capital in with incremental This XXXX processing site in increase significant a in along without capacity plant the production investment. expected growth at amount of X new
addition flexibility development AR's its competitive AM's a plan to for in advantage into AM. visibility capital is
Slide AR's call titled Hedge Before handing Industry-leading X I Natural over on touch want to the to Gas briefly Mike, hedges Position. on
added the quarter, During gas to NGLs. and both its hedge third for position AR
On MMBtu, $X.XX an XX% in at gas unutilized growth into profile of X% at average year firm calendar closely we the XX% XXXX annual approximately AR's $X.XX price year to growth assuming growth XXXX over an XXXX profile. expenses more in side, to hedge hedged in on price XX% natural transportation is MMBtu modest and with XX% calendar XXXX per align per average its hedged hedges shifted AR of now XXXX, gas XXXX. in and
hedge through expense offset its net than year marketing XXXX. today, pricing strip realizations on AR's more calendar Based
NGL the take the hedging and side, in global was the spikes On following able AR to of Arabia. Saudi price incidents has actively been advantage
Asia hedged on fourth volumes a prices. more drastic are and NGL Marcus on changes Hedges XX% commodity Slide will hedges of capital quarter in to out titled and pricing hedges have Europe for commodity depicted portfolio hedged balanced budgets Hook XXXX. of X capturing international less industry-leading This strength, CX+ recent AR capital NGL budget currently includes the As mix for AR's AR the while CX+ prices. is volumes on to sensitive that be in allows XX% hedge consistent to and to shipped This domestic response flexible based
to over turn With that, Mike. I'll call the
