us. Welcome, everyone, for and Todd. thank joining Thanks, you
in the expectations. has California quarter, to the recent some results third surpassed of addition for Utah highlights covering In operational and including
Basin. successful the unlock plans we significant have are seeing news the our Uinta debt and refinancing our report to We exciting to value in about
and We are excited the we have. ahead the value levers road creation about
in and and sheet an delivered value. with all safety We and operational generate highest the to sustainable drive free shareholder optimizing operations health as effort and our focused financial cash maintain performance. and turning long-term our third balance environmental our results healthy managing world-class we flow quarter remain strong standards, on First, to assets a
barrels new exited day, Total mainly with slight this These Midway-Sunset production connecting and momentum at quarter XX,XXX from averaged production for wells decrease online we the wells operational as QX, oil prior were continues. quarter our the to the end a of quarter, in field. the equivalent of production put due timing of increasing to per the
midpoint we production once XX expectations. our As guidance a we our in has have of track Production Year-to-date, XX from production result, demonstrate to the new drilling levels activity a full again year-over-year. drilled total are California. sustain exceeded wells to ability and on year including of reach our proven wells,
sidetrack our are than the of strength returns of returns the about our created These the technical drilled are in We crafting exceptional assets XXX%. excited wells which greater reservoir, whose [ expertise consistently world-class yielding have value. from experience diatomite and quality the underscore ] thermal results teams and
have these be similar XXXX have permits significant room sidetrack in running continued activity to and and We available. for beyond,
to able achieve goal despite production and net regulatory divestments, past year-over-year our of changing years, been environment. challenging permitting X maintaining the the have and of For we stable the
high-return sidetracks by so activities. workovers, and of done have wells are which and performing new all We drilling capital-efficient,
maintain continue sustainable next few generating while As the we are we plan on that strategy, California our confident for execute processes cash flow. production inventory, to XXXX, successfully the healthy for current can permitting based in free we years
due will and term a marks replace will year. facility company's [ and loan $XXX well Switching journey in notes share value. new pursue commitment our our and on that positions strategic more redeem next matures all credit a million opportunities XXXX, Mike our details gears, enable that momentarily. facility have to pivotal outstanding us long-term for in to RBL This current we refinancing moment this shareholder are ] Berry signed of a February that drive
update Finally, business drive to Uinta continues [ has years you Uinta Basin average ] come. gross year value The I ] earlier for reservoirs significant covering barrels around want than prolific perform well. with per wells per believe production X nearly on producing [indiscernible] potential opportunity just better rate momentum, our expected, to we the wells. one that the reservoir, to we of peak of this day and to for we of continued horizontal XX to and approximately well which acres [ gross basin. Also, an into horizontal build development horizontal X,XXX from signed wells contemplating currently second farming in are several X,XXX agreement equivalent being These targeted is the oil a fund
The online in year-end by the drilled first be remainder should will X and XXXX. and XXXX wells be
these our entirely On almost by is XXX,XXX families other help benefits, X held the appraisal accelerate which of acres, nearly production.
the In the to basin and potential significant addition adjacent our our across of to increased refers acreage our farming in Utah to acreage. on performance existing neighbors value activity those wells,
wells. with result, potential XXXX. the we likely in evaluating actively drilling a development accelerate As pads would begin partners horizontal starting We help to by are JV X multi-well
a have in position advantage Utah. unique low-cost We
lower costs, capital We with gas long-term are place, further in basin shallow which the entry and with efficiencies. access cost, will and that drive in have the fuel including completion we end significant drilling additional no of infrastructure to
months. sum, and has that I emphasize potential over few the last in significantly opportunity increased value we see want to the Utah In
potential a work to asset. delineate ahead the We and of full us of realize have still of this lot
on today, would value what know to directly the based we believe shareholders. our a transformational that Utah we be could, accrete over However, long creator term,
it let Danielle. over turn that, to me With
