company's for we've accomplished through it since of go summarize a I'll everyone. before morning, few questions. quarter then guidance details turning and the good and around inception the provide over some Steve, third the results, you, Thank additional what
$X.XX for the earlier per that's warrant reported diluted special total million Looking which or a our adjusted share, presentation website, our of on at the income posted exchange. excludes with Slide X net item we $XX non-cash of associated period
changes the for operations shown of cash from flow nine working in XXXX. $XXX our capital for first million X, the on months $XXX third Slide As excluding million quarter and was
for oil $XX and of completions, Our outlays properties facilities the and total during quarter. the drilling, million cash acquisition were third gas
ended We also common quarter. cash the of purchasing the $XXX the million balance spent quarter had million a after we almost cash stock, on of the Magnolia share generated approximately $X.XX at end or total shares with of sheet. outlays excess million, for XXX million these $XX cash $XX of third and outstanding and third We
net of draw was our on do Our long-term our keeping increase approximately maintaining equity debt credit expect debt our bonded percent which at not approximately leverage. the the million, a of or of to million We in quarter $XXX is with our $XXX total facility, third with indebtedness low of strategy as level of end X%.
of quarterly X% only of operations. Our interest expense cash million our was $X flow from
for the the company during nearly day Summary XX and representing BOE X. XX,XXX Slide ahead balance of guidance. on sheet quarterly third our as averaged production of is September a XX% Total sequential per increase shown quarter, slightly
barrels was the end production our guidance range. of turned oil the of represented our higher The at Karnes additional quarter. operated wells of in a XX,XXX line nearly percentage of total high per XX% quarter result oil day Third during volumes, is which
quarter, revenues quarter, partly the offset and second production totaled X, mainly up lower to Slide prices. in $XXX third higher million slightly the compared due by to at Looking product
have realize revenue NGL WTI price be of the We smaller in relative to continue flows. and gas for quarter. our Magnolia a recognizing driver to continues Oil cash our primary both sold much the on a to oils benchmark as for XXX% third and the prices impact premium natural
expense. to work-over lower per per period total the X, BOE in cost compared $X.XX in our per quarter production combination per $XX.XX cash at BOE Turning on declined of the from Slide quarter. came due costs BOE to in by higher third operating LOE to the BOE to second $X.XX prior for the X% $X.XX and
costs cash absolute similar quarter. operating our expect be on the to basis fourth an We in
per expenses were $X.XX quarter. second $XX or G&A BOE BOE or the Third million compared to million, $XX per $X.XX in quarter
stock Third result and quarter these $X.XX of in some fees G&A cost. $X.X of staff. have non-cash Magnolia sequential consulting of as services a compensation employee The million, been BOE professional decline lower activities assumed the corporate is also included or G&A by per
full-year cost that and including still average to from build-out fluctuate expect moderately We XXXX the related We below cost as functions. to anticipate corporate our $X period-to-period for our G&A we a continue systems staff expenses compensation. employee to additional some IT to incur stock G&A BOE the of of other
additional primarily the as interest compared in Our exchange. XX.X% taxes quarter of effective third second due in a XX% non-controlling decrease state to and a result additional was to to shares rate due the the for warrant quarter, tax increases the outstanding
to XX%. rate be We expect fourth our quarter approximately tax
quarter third $XXX on shown X adjusted Our was million. as Slide EBITDAX
Third line and capital by with sequentially XX% quarter D&C ongoing declined in strategy. our adjusted XX% representing our EBITDAX, of
to fourth an We capital be lower D&C basis third expect slightly the absolute quarter compared to our on quarter.
Turning capital expect of our to be half accounts volumes we to quarter, for production during compared the guidance the level which third in total fourth the for quarter, the similar of D&C second year. lower to the
year. activity activity in Karnes, in quarters during While focused the has already additional more remainder heavily of our towards we've Giddings shifted two the for the been last drilling
barrels X,XXX Mcf in wells oil online more day which X,XXX brought BOE than Steve day, X,XXX day quarter, of mentioned, and third per including late in producing we per are approximately gas. Giddings As of two about per the currently
sequentially also XX% additional the Giddings quarter. in to in fourth approximately new in area grow the allow online our later to in bring quarter. We wells plan three Giddings the fourth wells should These production
been part facilities consideration of we've flow Slide on XX%, cash addition million $XXX issued advanced and with months drilling XX $XXX organic business. from in of for of these the during summarizes X Magnolia how spent brief that gas our million in properties generated this and D&C has period, was program XX acquisitions. Of operations or $XXX approximately spent shares capital the as to million, as acquiring in oil on million cash
balance As Karnes to We've more area adding per than XX% net we we quarter period net the by acres had acquisitions. through on of and $XX any XX,XXX of bolt-on did at XX%, not by our debt. acreage incur this when increased production end third than position grew over additional more the XX, sheet cash shown new on X,XXX the than started, in BOE We Slide day. million also nearly the our
questions. to now We're take your ready
