you, Thank Sergio.
we power to to are eight complete We started facility, the to working the expect our strategic in a Upstream for existing was announcing months. year of we in currently the off XX and that in busy strides businesses. This quarter we back discoveries made year proud Talos. which CCS level, to key tie two At one of a I'm have major days the our Ram first the XX next
also multiple These stage creation. accretive launched we is program. that on accomplishments We the to acknowledge shareholders executed unexpected that through led But closed results ever operational to very acquisitions and that, and face existing for billion take lease XXXX. which we CCS and production long-term led are of sound set all a quarter conservative to capital head revising early the major return $X.X our These we're April proud our first strategically selected acquisition to on drilling to months for unplanned last challenges have guidance challenges expected and and and expectations. of approach, more combination underperformance, the started us to a our downtime in for several late well value are
not I market taking expect the believe and always revisions are these but production approach, us. can right can is lightly, you assure I level XXXX we you of transparency the this still from that with
stress outlook capital to XXXX as cash guidance XXXX is disclosed and and free we growth to unchanged in like I'd our that that, production expense flow said quarter. remains our Having for last the XXXX
areas are and downtime. existing seeing the unplanned our most from recent in namely additional production We decline wells, steeper selected underperformance results, drilling three
While small each real relatively isolation remainder we in felt we market collectively, the time this see impact category time represents production the how operations in necessary our for the year. of update was a to on
impact our rates potential every of our base approach minimize more conservative optimize and this and We to to option upside. financial to continue But this evaluate including a costs across the guidance production will taking not revision. we're enhance revised asset with
We quarter, of a the to net $X.XX $XXX respect Talos production XX,XXX reported of million share. in to equivalent adjusted first and per $XXX barrels of in loss revenue an generated With which of oil million day EBITDA. led adjusted
the our our CCS during expenditures quarter business, million in we upstream million Capital $XX business. were invested while in $XXX
which pro times, closing. includes X.X around at the XX to EnVen effect prior the track on of forma EBITDA contribution stayed last months leverage Our from
acre by and our last In we exploration high-impact project and to are prospect to development ahead of spud subsalt further carries project since followed an important though of XX,XXX with as they the This in our significant exciting it Upstream drilling. development results upstream CCS April the which deal market available. is well the provide we the to some I'll even now a This updates turn to update. will joined become Oxy, midyear. subsequently Pantaron looking geological business, market BP business forward discussing risk recent and
blocks high the tieback In Sale, our inventory exploitation, robust Based we were drilling lease our federal March recent blocks analysis, subsea on acres. further on will increase that covering opportunities. projects a four deepwater bidder XX,XXX multiple of these include
in a drill separate to of Gulf, in acres completed Walker More which and XXXX. gross XX,XXX oil unrisked recently, between we exploration sub-salt another yet where of XXX XXX barrels well, equivalent. million the the recoverable potential, Ridge resource combine the a This the will Denarius transaction and area is we Talos half plan another to operate project high-impact second of we estimate million
cycle the projects to opportunities, inventory of and and develop in continually States. deepwater, unique times offer these also we're them, calendar United that like basin our But to long-term capital our drilling high-impact balance and make others the fine-tuning programs exposure that and risk reevaluating balance our opportunities reward, in annual
announced that in regulator with project we the country. in Mexico, a unit quarter industry Zama we during the our the plan, filed In development
announced also or formation Project an We the Team of IPT. Integrated
more steps, role offshore in of As significant activities final oil. and investment bringing constructing these as infrastructure. and offshore more are the going able first asset We drilling installing Talos two part see be of crystallize decision, towards and important will to for I'm value progress, to to IPT, as Because executing and have closer asset. that a line of wells, encouraged to active we a this this this such visible sight
Low busy. Talos Carbon been extremely we've our Solutions In business,
across storage doubled projects. New XX,XXX than expanded and Baton an this over acreage industrial multiple metric emissions. capacity recently, corridor, so tons, per in country's the we footprint to lease million industrial our million our Rouge industrial COX capacity acres. year, equates of market year, XXX,XXX sequestration storage XXX in approximately with in acres of of position brings under with That far or one the regions, COX over tons the gross region, densest our Most Orleans option. a This more to have additional metric We XX
This our such Texas. very nearly we positioned acreage between This and Beaumont/Port in follows well puts over onshore position are Bayou Ship COX that transaction total XXX,XXX industrial at storage previously We announced, up acreage critical acquisition, metric Arthur of the the gross our located XXX,XXX billion service tons Texas that region. Houston acres market. Southeast, believe in X corridor acres Channel available of and to in Bend to Southeast, a expansion
application expect later Classic to drill provide our will by permit test year-end. This file Ultimately, We're to our also this first critical well, process. applications, preparing we year. multiple offshore to well support Bend permitting at Bayou stratigraphic data,
of in our growth we space, is seeing As business. continue opportunities the provide even the are TLCS, to this evaluating be to currently possibility accelerate Talos into bringing additional Therefore, to CCS we a capital. of partner successful more financial growth
interest seeing investment, market are appropriate but at for time. for we'll days the still update early type our tremendous the this market it's We on progress of us and
storage I monitor the is there owns promise of is COX extraordinary level enthusiasm required Talos with geology have the for said leading a can sequester to As an that what become of and before, shareholders. CCS permanently COX. portfolio, our superb injected about the
incentives, with midstream right industrial and emissions Our to and these concentrated a markets, that provides viable. have economic we in infrastructure make market large footprint existing economic is projects located the
as Gulf Mexico, development front, skill continue and evaluate actively M&A in opportunities the on as in tactical recently development, the are Pancheron and a improve logical that prospects spans as you partner EnVen. of Denarius we set to preserve This saw transactions the as both strategies, or such to position. business our fit our Finally, shareholders as well business our strong strategic credit and accretive larger
by that to date. progress we've are progressing actively to integration we're respect activities transaction, made and With our the encouraged
highly our estimate original by exceed million ability the that and even are $XX amount. in We confident year-end annualized may of of achieve synergies, to
we'll work, rationalization As our we market update the on progress. advance cost continue to the integration
these our quarter. details over for address first updates XXXX With plans Shane the to our to goals, the will and financial I call key turn on
