and Sergio, call. you our thank Thanks, everyone joining for
Stanley XXXX Vice back. have leaving Morgan in XXXX We investment at CFO banker senior a thrilled and and banking also XX Young, Chief including to our we're to call. new stops Shane was President Sachs to our for welcome Goldman Executive Financial the and prior him become Officer, Shane years; and over to
EBITDA the with of and and quarter, quarter without impact metrics second by our our Talos. terms Talos's and most our of the We're discuss productive of one to adjusted happy production pleasure our of a in hedges. highlighted with best operating certainly busiest history in It's
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expectation in owned, the following continued activities have relentlessly efficient the that our XX assets and drilling to portfolio, was we months, on we combined greater and scale around capital pursued would allocate back asset management more toward we knew we It in if synergies focused the existed a company with and the diversity. in then
believed and We offshore portfolio of that see efforts of report opportunities in potential sheet you external milestones. hoped Gulf to the We continued see liquidity XXXX, position that, we U.S. to we'd the the very maximize balance that plus pleased and were think expected of we our additional improvements both Mexico. the we And business Mexico available, great inside have have now we're well can positioned in in to development what our through of second be we all to-date. achieved and quarter and built
was achieved expenses total levels EBITDA in versus production This by a year-over-year, commodity market despite compared mainly was year the in a We'll despite summary, the to shortly, driven the ago. achieved slightly but service reductions talk of second last specifics environment, and year, now same costs we lower higher in price adjusted in period record and quarter. about the
already our period production as is XXXX high of facilities fixed. program achieved value drilling and existing on the our our single $XXX cost in our acquired we highest which have operational assets, previously continues new onstream by quarter a a time. long focus barrel unhedged XXXX when we synergies was Because around margin a significant including percentage to realized a adding through of bringing have in adjusted over the for market oil fact, In EBITDA quarter this
earlier, mentioned quarter actually entire I was Talos. half for the this the of very first and active year As
program rigs the rig one count three rigs. the including that shallow-water of year third has the The five already to decrease deepwater end the rig Our half included and by of quarter. first just will in further capital decreased from
this high level activity, with of offshore business of reinvested Gulf budgeted was flow, free U.S. Mexico cash Zama meaningful even highly into successful However, of appraisal our our our position as Mexico which discovery. the generated including
over million was increased proved position reserve new banks borrowing by of additional very addition million supported that, facility. leading million. of our $XXX recently reaffirmed our unanimously base, liquidity commitments our base into heavy has bank our and is an which $XXX to Finally, three developed $XXX With
our areas. through XX% expand so was and but deductions, various total $XXX.X our and $XX.XX the oil let's equivalent liquids of asset of our the realized -- the price a barrels XX,XXX to which go the revenue of represents quarter Production one then infrastructure $XX.XX a highlights barrel period was to WTI and over premium led in XX% prices and a averaged leads to the after oil core So was WTI a base which within access barrel, in benefits premium the to million. quality day, which $X.XX pricing.
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highlight second our our the As rig quarter. front-end peaking substantially was in operations program to wind loaded in capital third This with will down the quarter. continue we
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to group. best Our the peer continue and our improve leverage metrics continue be to and statistics in credit amongst
more hedges commodity detail. We in Shane also to over more which against our go to have added exposure, protect portfolio further price will
X quarter, deepwater April. In second significant Phoenix levels. April our late in in contributed we in wells to X the and Boris two onstream U.S. Both during production brought early complex quarter Tornado the
our had prospect. also Bulleit We success in
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Mississippi through XX,XXX a some Powell in Canyon four area, the Pompano, production walk barrels core Amberjack, Ram day second In core had areas. our in the Let's the which equivalent quarter. and net Gunflint of field, includes additional highlights total we
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field drilling three our net subsea Tornado teams months XX,XXX Green area X initiating cycle credit X equivalent which The operations daily Green production times. brought of which Phoenix the driving barrels six a and operation includes Canyon within well included for is online and Boris our complex from the to as wells. broader field, were our were accounted XX concluded, and production for fast to Canyon Tornado wells as after Both
we able TVD XXX Canyon of discovery approximately in pay deeper XX the where we geo-pressured MP were logged TVD called on XXX sand. objective feet successful then also shallow announce We Green additional Bulleit and to in feet our net the the DTR-XX in oil pay a net of logged an prospect sand
operate a the interest. throughout Both producing in intervals we region Bulleit sands also historical are XX% discovery with working the prospect fields Bulleit We Green own. pay including field, in the which the XX Canyon
operating new the tieback facility. handling facility costs are will because the any Canyon In lifting in owner well and to production XXX% our fact by the in down do field. the the drive will existing the effectively the Because be Green produce the a fees Bulleit receive production materially incremental covered overall and operator have Canyon we cost host costs and discovery Bulleit Green subsea to as facility, not we will XX production structure also the the operating XX of
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quarter online sidetrack other XX,XXX the X,XXX deepwater XXX a day. in and and a rate We well at as assets A-XX working drilling wells bringing in came equivalent Ewing a core as of on operations and XXX% of net. area barrels barrels both our both This Bank day produced and the well barrels per with water equivalent operate. shallow and own early core equivalent sidetrack. very had for a Bank small in day second X,XXX a completion Our success net, interest then water area legacy sustained day accounts shallow barrels a rate XXX gross barrels our A-X some assets. X,XXX After our gross X,XXX day we Ewing This in
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Zama-X to perforated be side-track in performed of greater and offshore gross logged appraisal was two In peak pay in wrapped once full Moving up barrels in in original this gross, per can Early day of tests XX% fully X.X our oil Zama we feet Zama different we XXX,XXX the north well the the quarter. discussion Mexico, equivalent quarter, well, per intervals flow that location. gross. reinforcing X,XXX to the equivalent belief developed second swing discovery day an miles up second unstimulated the which of barrels our from the three than field is production XXX adding
our the sand final gross to the the barrels gross location half our to better-than-expected seen data we've estimate TVD that the feet million providing in and feet original miles drilled resource of net-to-gross ratios of as up of the auditors land with recovery reserve properties we equivalent. to-date Our rock location XXX of upper pay TVD Zama-X independent this appraisal contingent of million finding resource comfort should XXX and discovery bring best another gross original was well XXXX south some X.X of XXX
over resource. this a the with lost-time without proud of single XXX,XXX told But discovery, points, four drilled pay we over personnel samples define in both All Mexico of now whole in fluid the our X,XXX feet of over to-date to collected most XX U.S. that the with XXX incident. better what core are and and over feet man-hours Zama from logged we've X,XXX penetrations Ensco worked is rig gross we've pressure-sampled XXXX
Hughes-GE that with work consortium Baker FEED Consulting, Gas appraisal Now which attention and partners and our complete & turn to between the is McDermott. a our is we joint IO our Oil venture
our is submitted ultimately goal one concepts our will as narrow plan. further various development prevailing that Our development to be design final to
in shallow-water with also reaching in Block and are this interest unitization on FID drilling progressing program XXXX. continue the with working work two alongside goal program, there. Energy. We XX we In Pemex we four-well partner American our In own of our Block XX% to Pan Mexico, in
gas and was Block Yaluk the and shallow-water is amounts a the contract of found in area. drilled then and our abandoned. we hydrocarbon XX to project plugged rig oil prospect, X moved Block noncommercial On play which Olmeca which The
Xaxamani-X up the well first The drilled in exploration well was logged well set was Xaxamani-X pay originally the by which in XXXX.
with reached just test total Tolteca encouraging before short rig the recent will days well in to performed Xaxamani-X results. be in similar with positive. moves but A this We drill follow-up The work prospect well is the and here the have drill to depth initial this results stem work will results operation with of these complete, objectives. still do are when the we
I'll Shane now turn to it financial details of over to the discuss results. our
