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Moving to results. our operational
day, quarter an XX,XXX of the growing were volumes production per Our X% all-time record from barrels first oil XXXX. equivalent company
our by history, quarter. the conversions record in was the quarter and DUC from quarter, converted our production which net PDP in highest closely wealth X.X growth third our behind follows Our first net conversion to represents driven X.X during
converting driven is cycle extremely across rapid rate, change in balance times DUC at the significant an industry. entire by Our
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quarter activity of we Importantly, DUC which to yet assets, another replenish inventory. drilling on our helped record our saw
to gross an the per X,XXX During quarter, had run in spud well a XXX gross well excess of wells quarterly we sequential increase rate which in implies year. gross record X% annualized a spud,
gross Our DUCs have June as of in and the driven acquisitions spuds asset of over our X,XXX end to gross locations. inventory
EIA in of an the gross DUC all the of which gross interest United latest the Minerals is DUCs was gross in inventory DUCs the on in XXth, published States, in in Brigham the July has an the and in Given roughly data, XX% of approximately approximately XX% DUCs interest Permian XX% has basins, our basin.
shale, financial in itself PDP, convert Our acquire to ability and out will clear US performance. to to and a best operational in drill play operators then consistently and is our which continue differentiator, the of
permits, of Looking ahead, very XX represents combination the at and our DUCs inventory, net to our net strong continues be well which activity locations.
DUC the the previously DUCs second We strong of first quarter, Oxy, quarter, that, the will inventory. versus end roughly majority Our flat despite our Huber, net the Chevron, mentioned at Endeavor, anticipate stayed conversions. of our Pioneer, inventory and DUC and convert PDC,
production we XXXX solidly that guidance With rearview in the outperformed provided our the initial mirror, first half have of February. XXXX in we
X% a As are per barrels increasing a year of midpoint day. to XXXX of XX,XXX guidance result, we our oil production equivalent full
Our represents XX%. midpoint year-over-year approximately of new production growth
our initial provide XXXX will in fourth results. February We XXXX quarter guidance with
per pleased Blake production in our driven volumes the share, he to inclusive team. Blake? can our over increase by a strong our of XX% is terrific we're by summary, to and pricing, just record a to share financial base dividend, which In $X.XX job I'll summarize so announce dividend. now our call turn Finally, commodity $X.XX performance. per our
