Thank all. you, good and Scot, morning
our X.X consensus MMBoe and from had generally X.X year result XX post Hereford volumes of timing our million start results As the volumes good estimates perspective Scot that Codell This accelerated the Production as mentioned, of an barrels operating with guidance. Section and our a Scot mentioned, the to quick results ahead recovery strong of quarterly was of area exceeded were our oil along online we a cleanup. of in both of guidance.
at $XX our million $XX were guidance expenditures below range million. Capital
million for quarter activity reduced XXXX our strong first first portion near-term. of of million termination hedges included X% we QX a early which $XX of was As an the the from increase $X of because the QX, quarter Scot mentioned, of EBITDAX XXXX. small generated our This
-- sorry position near-term protection hedge hedge remaining our provides low remaining The significant oil protection prices. from
all summary million mark-to-market is at The price book hedge about near-term than at barrel production is greater about hedge half is have protection. barrel. our hedged of oil value our hedge of WTI of strip A position on significant release. revenue press anticipated $XX the per $XX production XXXX that prices, in We $XXX current WTI based nearly providing XXXX our full and our per about of
the our the the review Our began coming week. million and quarter a and XX% completed will capital focused We redetermination bank contributed results first $XX quarter. facility during of be in credit discipline to strong in debt semi-annual recently or that reduction anticipate the
banks faced have have and many borrowers the more commitments restrictive challenges you're aware, become with and structures. many significant As of with
We still and we're immune discussion our not as effects multiple these April, are in was the meeting delayed times to bank syndicate. in with
our expect expect reduced structural reduced Due could bit stronger the space. and borrowing to decks but be any is. reduced to our seeking lower XX% and higher do exposure to up as borrowing hedge maybe capacity a change reserve little We price and by cushion further level, our are base material we banks on pricing not
finished the only providing oil Given will quarter capital have the to in the sector, the MMBoe production of X.X expect expenditures to oil time, guidance the that this anticipate our April about about we total uncertainties impact in at currently about that range which $XX be will for pace XX% second we're and oil. broader of and of X.X million economic future which up work macroeconomic of in is as the we on including prices effects, recovery,
experience or shutting. physical achieve level not provided; we of production downstream do We any production expect this constraints to
the for crude. purchasers potential premium API for our our along may far diversity challenges based storage of any preparing downstream due of on But seen markets shut-ins crude the curtailment crude of not have possibility as physical with We're and thus fill. gravity to Niobrara the
PDP of constantly will and was shut-ins further monitor production if that costs low amount only modest base marginally for and enjoy a physical to We shut-in decide financial proactively have warranted. economic. We our are markets lifting
in quarter of just gas recognized the all to and related net $X.X because the quick amount impairment unproved on prices, over billion of for non-cash a loss of Finally, uncertainties current a carrying properties. note and our oil our commodity the we approved large
We expect about to be rate our DD&A going $X Boe per forward.
to With an operational that, it I'll turn update. Paul over for
