on substantial the solid detailed near-term and mentioned and you, divestiture that the sale leasehold acres relative a area develop not agreement non-core X overall acreage Thank in related Reeves company's is production is we an significantly net assets repayment, the the free in non-core the Sean. acreage acreage located did intend delivered million recently with cash the a earnings Southern of in as sale, We for $XXX flow The and cash. assets for cash higher which announced flow, we presentation, sale debt with Beginning another of quarter position. of signed and Slide purchase profile. of County, are to approximately and to XXXX
credit our production in to represents total which was to be December quarter expected and borrowings repay than revolving proceeds will close The per assets less Third our facility. with day is associated used BOE under XXXX early transaction approximately the net production. of X%
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of in cash LOE $X.XX line with guidance costs, primarily Total result Turning our unit cost and with per of line is that in compensation price in with the over LOE midpoint per share G&A stock to very to much increased very low the impacted that XX of certain of expectations. as significant G&A were most cash have a metrics months. increase BOE were G&A past QX our tied grants barrel. metrics, but a been expense XXX increased stock-based by Both off the
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barrel up the EBITDAX to was prior gas net and quarter. from cost QX, and commodity free more our Importantly, efficiency quarter. continued strides EBITDAX flow the reflection to more made have than and million in a per benefit cash significant revenue a capital due solid cash of the by than this the doubled to PDP F&B in for flow over from free compared costs, of declined realizations, DD&A increase $XX.XX material the million, lower which Due control, we GP&T $XX in approximately strong revisions adjusted to and NGL overall in in production QX and course $XXX a to was $XX increase expense $XX.XX approximately offset of quarter million XX% price growth, XXXX. totaled upward
we Additionally, net million. income $XX approximately recorded of GAAP
million incurred CapEx, of capital during expenditures QX. Centennial to approximately which decline Turning to $XX total relative X% the a third-quarter was
continue rigs We completion one which XX crew quarter. during to the and completed run two XX and wells spud
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outstanding below we credit of was believe while yet year-end million At by XXXX the leverage million The based million XX I borrowing million be million $X reaffirmed of fall, $X.X of borrowings, upon XXXX. that cash, one but will in total facility letters credit. nearly significantly liquidity base $XXX amount. $XXX note of value borrowing than loan on $XXX and is based times we haven’t will we September the Additionally, a leverage target, was pricing strip provided base asset higher
strong borrowing had support asset a fundamental liquidity base even our we Given so. need quality push to though position, haven't higher doing our value would and the
hedge XX presentation. of position Slide on is our illustrated the hedging, to Turning
protect activity. Our in against to hedging balance unexpected prices delever disruptions declines is the This sheet. as to important we the also cash oil strategy particularly sheet is balance operational designed while minimizing in flow
We balance with to upside prices. also that try provide commodity downside the exposure to protection hedges
year barrels barrels compares $XX.XX hedged using fixed-price XX,XXX calendar to barrel. have day XX,XXX approximately $XX around year per This on per XXXX, average average, per for day on mostly approximately to XXXX. swaps calendar hedged at we For
first XXXX have more half we providing towards second In have the per incremental Given average hedged commodity of hedged. exposure day we hedges to per our the where the of quarters, second year barrels profile, our XX,XXX an deleveraging are day approximately prices. barrels and approximately weighted heavily XXXX
closing is being midpoint total at per and equivalent day. BO the to on date. guidance performance, announced Annual based Lastly, refining roughly X% X guidance increased production includes annual at XX,XXX an increased our by being of the guidance BOE which per year-to-date we our impact midpoint oil by are production day is the XX,XXX to December estimated divestiture, assuming also recently anticipated approximately X%
we quarters, the the wells midpoint therefore spuds. over gross operations efficiencies to to drive highlighted five As operated past has by are increasing several team our of our in XX the continued spud guidance field,
call for a estimates that, and completed turn of unit As review cost in guidance full to essentially And the of Matt the over our which outlined addition the year, during all updated interest with wells of are presentation. the working capital on activity, high-end XX previous completions result also We've I'll earnings adjusted operations. year the metrics to incremental page to expenditure to we've our higher-than-expected our in range.
