fourth afternoon, Good to Thanks, Louis. Welcome quarter earnings our call. everyone.
I’d thank best played with the us like late let on of Erickson Directors, today his rapid back his in future. service phase asset Board founding me through assemble Mark Mark the of base an Extraction very and helping Extraction and Mark we integral company growth. since for to the in We the our role behalf in of and First have its XXXX. wish previous family
are Tyree oil experience. Executive gas has team with Tom Tom our him Extraction and is Chairman. We of brings corporate announce to joined decades proud that the finance
Tom Energy. Executive Before an Board joining at a member Energy has Resources Extraction, as Corporation. Energy, Bill served He Northwoods Barrett of Vantage capacities Antero Bonanza Directors served Creek the and of of and also
to was Banker and becoming Goldman Before me the Tom of Please Sachs join Barrett, welcoming Bill Extraction. Tom at an Investment many years. CFO for
on I’d nicely which last guidance fourth like quickly November. updated Foschi, Marianella Finance on the results, details. of our touch to I’ll VP our of to touch financial to some our it quarter came relative turn quite Then over we out to
our strong the day. exceeded guidance midpoint XX,XXX full in production. the total of production at respect on per with surpassed end turned BOE on We day. roughly We of barrels range to updated and our results over year high XX,XXX oil had the We oil per
proceeds. asset our generating targets exceeded $XX divestiture of also We sale million
our end RBL more together, pay half the we million exceeding guidance flow also forecasted. of than free topped second high initially to down in all this which cash Putting us allowed range, turn our $XXX
we really were inside can almost in improving results ranges Our we less while sales. still guided came be our XX% focus production on after initial capital adjusting as originally year for CapEx of efficiency the our what D&C in full asset to, guidance seen than
reach our drilled our line laterals. operations as upstream and drilling wells Greeley our with These in mile first Broomfield, and planned and were turned the in as completion fourth extended quarter, were high-quality XX we included expectations on During executed wells which completed surface additional online per day footprint. reserves are and BOE rate the we for about X,XXX XX have approximately oil minimizing been and roughly to develop XX% average at our They’ve producing of excited longer an been while a potential and cut. with days laterals, three
I’d gone a million X that single hours incident. testament also a recordable Extraction. here This without at safety is company culture like over have OSHA our employee has to to first now highlight the created we
We our report where the be publishing will more to the will communities and safety, ESG lot week our and protecting we you a inaugural there environment next on able improving see about be operate. focus
to the The cold the see not any bottleneck with On demonstrate downtime strong plenty along midstream of without from expansion produce a talked and DJ value takeaway wells we’ve and significant diversified production quarter the our expect portfolio. fourth production Despite see snow, various the relief side, production midstream of about projects to our lot weather any we Basin material did with constraints. positioning. our numbers we continue processing
flow difficult workforce. On the improve just towards further shift employees generation reduced our growth. than approximately made to structure count our of we by our organizational our front, head which to cash our focus we the XX% choice rather XX in staff represents February, reduce We as over free cost
of for was have decision a we not our Again, by G&A made lightly. XXXX. this reduced guidance reduction, this As a result expense we $XX million
environment. However, we it macro necessary we was headwinds to continue face the in felt given commodity the
a XXXX, prudent significantly pricing and lower in prices to for down hedging longer Commodity brace strong our the believe company are position we scenario. for is year-to-date it notwithstanding
our to guidance. to over it turn impact asset modest Marianella, and I’d program I like our XXXX its to quickly Before ongoing divestiture production touch on
million total deal year. fourth our During and to which the production divest million, for the non-operated a we quarter, our the closed $XX for of portion $XX signed to brought divestiture
XXXX, and this with achieving sales we expenditures goal. In asset offset in leasehold successful being had were we targeted
Basin our we undeveloped right all continue the that the to monetize ways assets. market is acres While find to strong non-strategic now, not DJ in various
we million in last deal $XX.X non-operated sell and program strong for has divestiture Our additional on signed production. closed XXXX as month started to another
production we BOE per closed After in February, guidance sale from XXXX asset production asset X,XXX impact taking barrels midpoint into the X,XXX account, and reduced day. per the December sale we by XXXX the of day oil have of our the and
turn to discuss it now financial I’ll to over our Marianella position.
