for thank Thanks, everyone, you, joining our Sergio, call. and
generation, had which capital to more related by solid leading by developments with third and which in detail. flow highlighted bolstered positive we'll to discoveries than another earnings our discuss It more cash milestones program, quarter, anticipated, we to numerous positive pleasure originally discuss quarter, is a our free is
mainly free year, of and impacts with invest continuing flow and the efforts. in continued for conscious we projects to Hurricane offshore Block the the Bulleit results production generated cash realization premium X namely high rates Orlov in production Gulf in and Talos with associated while margins, XX Despite quarter in several our sustainable cost financial solid management Mexico. strong Block by generate appraisal driven U.S. price to and the Zama our During in key Barry, deepwater
the agreements and On we development respectively, front, exploration both to executed BP opportunities. business exciting ExxonMobil, with related
Finally, liquidity with borrowing based on substantially third our increase the commitment in balance front, sheet increased we quarter. the a
to X.X leverage Our debt last to at times. with metrics continue EBITDA improve net XX-month
is quarter oil $XXX let's Production and XX% to generated was liquids, XX,XXX per So, revenue total the and of XX% day, turn highlights. barrels approximately which equivalent million.
As about barrels for Hurricane we July last XX% impact call, shut would causing a approximately X,XXX knew of production day equivalent per in deferment week our earnings of us stated third quarter. the our quarter, in in to forcing and we in approximately Barry production
one of realized represents net premium benefits Our our base averaged current the to of $X and a but the to the because a which barrel production which access equivalent our infrastructure quality our third a period back after premium pricing. and to deductions, our the $XX.XX $XX.XX action day. XX,XXX normalized XX,XXX prices quarter in rate WTI price to barrel are was barrels a so of over to WTI, leads of asset oil
the for or EBITDA It realized million. our $XX.XX hedged margin EBITDA The was Boe per $XXX per Boe margin of approximately of was Adjusted quarter $XXX hedges. the and was unhedged. settlements cash our hedge inclusive $XX.XX impact excluding million
million our third inclusive capital negative $XX.X We margin, of deployed on impacts EBITDA and associated million Although in Barry, in program, invested our activities. Mexico campaign our structure. operating approximately P&A our this exploration savings in where XX quarter concluded which Mexico onetime we evaluation our efforts were million includes a was which XX% from in further adjusted while was had reductions Block $XXX Of U.S. those cost success spent hurricane of program, impact $XXX within offset of by our in the had we seeing initiatives in cost offshore Gulf October.
the months As the quarter, X.X of $XXX $XXX times. $XXX as is of Company's measured base over debt announced borrowing in trailing an maintained million increase debt net following end approximately the commitment quarter. of third by leverage The and million, EBITDA we net to was which to we million, XX our balance in liquidity earlier
closely continue which group. sheet we to peer best believe our amongst maintain balance monitor conservative We in a is and the
quarter, to our XXXX XXXX We the will also add to shortly. provide in Shane position hedge and continue to details those
two agreement with over potentially We four to the prospects prospects acres, which structured no area, BP requires our that milestones In ExxonMobil, which rather and exploration is our upfront Exxon, immediately optionality respectively, and we drilling contingent with success transactions the to exposure Green significant adds adjacent which is several XX,XXX and acquired Canyon material Hershey completed on Canyon payment provide and which no contiguous obligations, key separate volumes. from but Green lies with achieved, The blocks, resource will are assets earn-out area flexibility. infrastructure. certain payment consideration if of gross
to join now partner are to the looking bring us. We into a project
the east. were and over BP to those sub-salt targets Miocene agreement similar engaged the our expiration. Ram company third combination in After acreage on we a the that Powell. in transaction XX Dog months, the core This our field Exxon also executed our BP the window, to Stone we in encouraged prospect West reprocessed to POINTS' is found execution overall the to Mad in lease Green exploration-related situated ahead including BASIS second It Canyon our with the well, project is prospective with the Energy. After the exploration and through XXXX, we the area. prospect, seismic with acquired with expedite of exploration Puma farm-out We related potential permitting transaction and we with with last block,
as since with a the XX% executing in XX% Chevron with operator, after XX% interest our Talos, and has BP the in working partnership interest working XX% the bringing BP, BP, project Shortly from transaction levels October. the joined well spud Chevron. to final
wells, call, mentioned on our Block consisted net both and As water than achieved better offshore in we shallow which Xaxamani-X Xaxamani in Tolteca-X TVD of Mexico XXX sands. and campaign, in Xaxamani of expected the gross oil The XX also the shallow had which with the had gross XX% previously results. success third two ratio of exploration feet exploration well quarter a X pay to the
possibly all was thicker the feet oil-water limits pay What XX% deeper within sands an more of pay and resource. increasing well, and without we Tolteca-X gross objective a potential the a target oil-water sand the expected was than encouraging to two to In the further size in well, outboard defining the the with found gross, reservoir very the contact. found net contact, XXX Xaxamani-X the of of first all, in the the TVD deeper delineate of
as feet in shore potential, oil characteristics only we the less disclosing discovery geophysical this encouraged the mile XXX than but by results of water. set targets The not to resource on contract up how So, pull the together geological with success less located here, from we’re data than shallow other is area. and in similar the one open prior could
with are contracts, X Because of XX our XX% three Talos shallow Block trade was of eight much Mexico. Block belief our offshore activity what drilled located. has the doing area part we is than in different in in assignment cross our the now wells water Zama offshore Block So, across contract, X potential where reinforcing
the on appraisal there for half program I the as our in mentioned Mexico proud offshore program very appraisal Mexico. to geological be first we've unprecedented collected last set execution Block the in data offshore of an X, the of In Zama we continue year. the is The in call, of
view our We an and of reserve are by anticipate estimate potential. end XXXX, [indiscernible] a advance predevelopment third-party the the resource providing of continuing by to work independent
received and exploration extension and September will of the our two-year on test block X in the Pok-A-Tok ideas other including for filed prospects. primary also on Block quarter, which Xlapak the term XXXX, us to We third through allow a
of milestones upcoming our all which X, on with unitization discusses Block hope So, including all FID XXXX. pieces -- several the reaching ongoing moving of with of and Pemex, in
Green other complex, Canyon equivalent Tornado XX as of field our XX,XXX field Phoenix the The Green our daily additional for accounted barrels which as day. of broader area, well includes highlights in across the Some core production areas. the Canyon net
line. Following the gross we generate previously Orlov projects, and production unrisked XX,XXX on success barrels of announced to can discoveries day Bulleit brought believe once each X,XXX equivalent per of those
in Orlov to follow to production of begin of ahead XXXX. quarter in XXXX, expect the early the first third of schedule, first Bulleit and We quarter
third production net barrels quarter. deals, project, expected production work the core Mississippi first cost to facility. of Amberjack, equivalent income of the Stonefly operator of is proportionate of from Pompano, day includes our in handling XXXX, operating a will subsea to the the for and pay area a host Canyon share Powell Ram had Ram The the XX,XXX is ongoing Stonefly as of which become quarter total asset, the Powell and In the on Gunflint production in a come will fee another line their Talos, which source
assets accounts as area equivalent assets. a water XX,XXX water small produced in the our This for core Our area other quarter. shallow well and shallow day some both core barrels deepwater
October. completed Isle and commenced also XX which XXX from Grand we production production field one in well well our quarter, the in initiated During Ewing and Bank drilled our
our highly per the day Asset maintenance in per management cost equivalent X,XXX revitalization day Boe net a quarter a asset and at barrels economic third conversion activities, or X,XXX generated X,XXX of program equivalent day. gross a
core terms As Among platform drilling we in Canyon finalizing platform. expect Canyon related XX contractual starting Canyon to those, Mississippi Green we areas, forward, look with for rigs a XXXX utilize to near-field our exploration and begin Green for two rig to we're the our plan.
in contract in And expect Bulleit in rig projects, next for deepwater also a a the commence year's which to coming contract deepwater deepwater in will utilize rig in development will we We weeks. sign we’ll due announce the rig The course. the XXXX.
capital production, targeted is we short high and forward call. inside impact As infrastructure drilling to look program and providing near generated flow, to free cash while allocating to also our for asset next projects, a our goal always, capital combines details redevelopment all that on exploration build more turnaround to
a it's for summary, despite quarter believe highly shut-in. material successful In weather we Talos, been the
while low business in U.S. performance, generated both financial and while liquidity investing maintaining and continue We sides with the on deliver for solid future also business sustainable to of development flow and drilling the opportunities cash discipline leverage. free activities, the Gulf, financial
future and We excited continue resilient Company's XXXX, remainder shareholder attractive the XXXX and of about into prospects drive building company the for and continue highly with profitable value the to to remain for prospect creation.
results. discuss over to details our now of Shane the I'll it to turn financial
