operate infrastructure. allows getting our around us [ that and oil-weighted our with and oil. that focused this think Gulf to focus critically drilling wells and on assets. Clay, deepwater to the over you, We're how We're to presentation X. prospect times on repositioned Mexico. and we're we And we operator going One, largest It acreage we X of fourth the we we start the And Gulf strategy We're infrastructure with these welcome think Mexico, Slide when fifth it's to the Thank think going ourselves the ] we're to cycle them inventory year allows of the our this first about two, deals. important have last we've X last shorten us discuss aboard. M&A in in important. tenets are our holder largest
a cost the to We of Also of go guidance able the guidance, talk ahead our us were million later, at and by refinancing increasing and and rates XX,XXX divestiture of synergies the debt announced might within year the lowering We XX been last January, transaction year. company's our Including Rock $XXX our guidance. million we to adding financial capital capital were of the sustained our repayments our with history. Slide days, QuarterNorth to what $XXX within close our updated which for the update from able of debt to have and important the by Venice one over transaction, then transactions. in we high-yield transaction second about the And business we billion in also announced quarter, QuarterNorth helps barrels our also we notes. $X ended markets of Lime our production our CCS And equivalent TotalEnergies. announced year, on that schedule of debt of we to accelerate after business. in to X Let's couple a day. the quarters scale busiest our transaction, over bringing Immediately
I'll speak more importance on that next slide. the the about transaction of
of me a but on went a X, So through on on focus bullets page. Page lot this each side We these of Page of X. let couple highlights on
first and of will second the see end tremendously this quarter, the page, we on quarter in high our later record going first, the So the of the go in guidance. Sergio to And you're at about presentation. had that in talk up production left the side
of bit TLCS let the focus sale me I on little Some other bullets of but these just business. discussed, a
going up. facilities what CCS can these and were did requirements slowing notice we But that We're emissions down reductions were within be bullish about term. the long capital
and move So transact solid immediately debt this over those us we money thought business, proceeds to the and our we Xx take for our a right return accelerate on got repayment. was
trying we it's that focus how our my cash As I'm continue also Sergio yield we're remind to our for a an to important enormous free from here, drilling program do increases get get XX% field, we're what program of of the even to year-over-year production our particularly we Talos And and the total to as flow our we're lower presentation that think about to last to we XX% to the legacy the later side page what why presentation going to though on market we're going business base, right that talk capital to with in is to in corporate year. impacts excited relative in so talk this projecting going, think business. catalyst this is business. Katmai the about the doing it's
turn So we quarter. as hit of to the let's the Page some highlights of X,
day, year. oil rest million a EBITDA the quarter. end high of number and the in we on the which quarter, our margin you'll that again, for for expectations We of weighted. of We much up see $XXX for to continue go the these We're of And have barrels assets QuarterNorth the equivalent a has $XX now very as XX,XXX BOE. upstream own liquids per full netback had
Upstream the inclusive Upstream off heavy will through not taper that still include the rest we in million. flow, $XXX in had was which free was first quarter of to adjusted related doesn't year. some expenses the of are cash that million quarter, CapEx first $XX Now but TLCS the workovers, and
accelerate allowed Now our the sale of debt that reduction. I earlier, TLCS to business that mentioned us
reach so lower goal the the so and also that $XXX had quarter to quarter for our that repayments we of us allowed leverage And the throughout should within million year. Xx we continually of debt
the which is we discuss of as slide I'm us is to move to quickly QuarterNorth operationally, assets we in able the later we deck. going things control closing one, plan more wells, to allows transaction the As things: Katmai Slide can as we control important that about the as X X, were it one to important the
immediately flow we The into to to see to year transaction, by able In were to other going first work we're second the synergies through our XXXX. operating the can synergies thing the what run work able cost the but rate to amount far million that even synergies so end $XX quarter, were we the IT. to will of of quarter, on in get we million as on and million work then we and quarter and way achieving closed including $XX since the you will first to the realize insurance-related the $XX and also is synergies G&A, on we in get personnel of some synergies, related the
first we a As also about the little Page second X on to go It to and the quarter. relates talk quarter. bit
is in couple would where we quarter, the ultimately, of quarter second which late be HP-X we'll but in asset. Phoenix dry-dock days got field, ] our includes our a The the have thought [ We that Tornado first delayed.
So the it will within days equivalent quarter for It would impact on of values an a about kind day. quarter. a second X,XXX have XX the the Sergio be clean broader will second to talk of quarter. X,XXX barrels
-- dynamically Just a the is a Tornado. positioned reminder, from that production and several hosts vessel Phoenix this
go to has So every years. into dry X.X it dock
about lease Page Let's the go sale. and talk X recent to
Page with quarter All the able and first to sale bids. blocks adds we the ultimately, quarter the in of were referred were to It fourth blocks in the I to XXXX. I X. to that up important of fits XX achieve But on high awarded. XX,XXX on But if focus through occurred how these back map, think XXXX I this acres. you it's strategy Now were play our we awarded
blue picked gold you positions Mexico. of Again, the light notice these And lease we our in what it overall sale, mentioned company. So the facilities. is Gulf operating I is Dark facilities. boxes, Mexico. dots our we is look leases at sale, then for covers locations most light and we've and owning these think acreage just last And potential location notice controlling And growing XX where can those our those up the our in earlier, of develop the you operate. peppered the our XX in Gulf that these control the seismic. around blue and how blue to are count is By around call-out biggest facilities, acreage. facilities inventory X of added that we they're the if it's and of team focuses this we lease
of Let's the Venice go presentation. and I and beginning Page year for Rock talk XX to about drilling the the going. how are the at Lime and program things mentioned
the we're going this see quarter, see first that you to that. rate going the which try and again, increase weighted We hit important. then well. The then to That third successful we was is And If had a the quarter as year completion, project, talk get rate And full the Katmai might quarter. start expect our a really with Waterflood project, us drilling Lobster and the Claiborne
Sidetrack, project first we campaign another quarter XXXX start the we and third then second in And reference the I'm and release, in that project. take quarter. quarter, the earnings you Daenerys campaign year. is the the rate high to XXXX. have to into get have of our into have break is could But read well. in next the which impact a to salt in Sunspear in was It ultimately, then about non-op work to in we'll stimulation successful, we'll third which and throughout seen
production to the we that last So year. year be from next in us can see discovery of available first of half that
Lime facility. XX, Powell and Rock, here. might can can of that And wells little Page you then for can a side brought on to only after Ram and our see think and as and online, right in we strategy. third-party we the facility bought what XXXX. discoveries is a the a And this utilize facility But we XXX% on the asset. bought locations about you need days Venice the but drilling be important Again, give own we that an you not you campaign, we Venice really relatively see for update it impact that We identified we facility, showed mentioned, they're are good it's I host of As has is it can on page. on those host still that that Lime our Rock facility the later. These asset, execution see flat XX the always
Katmai to go the Page XX about and area. Let's talk Greater
constraint at important It's a discovery discovery, surface. we're to this facility pressures although barrels of reservoir as XX,XXX million recent XX note and it's a pounds. And were about can it's learning the could is a of doing on it's you million big at that XXX barrels. XX,XXX barrels, a many fairly the think I produced that geological complex subsalt It chart. have discovery, XX,XXX million day to see feet a still over below today. XX,XXX as it's a to that initial the resources side XXX equivalent so already The right
Now on lets us we more see causing frustrating, it field you'll important developed. down think also planned first some downtime. hole. this us that the in notice the we quarter, us get had facility. critical planned it's information And an that's collect pressures confidence although we because to how that's downtime have lets in work will the It on And
better how deepwater So Katmai West resource slide, we in we a but there's why discovery understand talked and important. a Katmai. have about and the help us it's let's think around on Katmai. you continue well so when think the conversation about expanding going the the like lot And defining I #X
in if that West is [indiscernible] defines help then Katmai trying on the right, oil, structure. well understand go we're on the to better visually the the was #X lowest on proved defines graphic our reserves. And the showing So we're you what geologically how where which you drilled you left,
well. define data is pay extend pressure It's information talk great more program. the us. geological then geological combination another XXX-foot we're we're That barrels helps and is proved very expand reserves the better and is could and West of capital and allocation a Katmai to the to [indiscernible] to our have next important to ultimately have good better to drilling have have data, of column. resource you allocation this so going to good potential use then what And That available capital whether data test geological data, #X the the be, pressure a with a million test. you production well. about think and going of a understanding a outside We that on And production XXX column.
I'm over to Sergio. going it hand to
