The a per is durable month cash lower key accretive strategy. will core enhance Greg. area our inventory and our checks acquisition immediately capital Thanks, across for It boxes all in we return our metrics. efficiency, the extends announced runway future Permian BOE. financial cost last It all also our
rated balance Importantly, we our strong maintain sheet. investment-grade
have Although March WTI since which that announced cut using strip we even the the OPEC robust been transaction, as to the volatile today. a slightly supply The metrics strip. calculated announcement highlighted note actually few XX better we it's accretion today's dollars was below important or before metrics were original pricing, remain commodities
inventory. best delineated are our Basin The well up It well is and our the the today. leading acreage. of Permian blocked core rock the with XXX is in add locations demonstrated these than our and County horizontal have some The well of net team. natural That Martin also in for wells producing more existing will setup sits X,XXX with assets in acreage XX% fit about performance undeveloped. a an Located to ideal the transaction Permian, Midland northern is
Now land current Martin in County. our offsets acreage position
oil our operations. to and the And in immediately to We resource the for have total compete the rigs we rigs be of program, our double X our production. expect nearly on capital a Permian we Permian. here, across acquired understanding leverage The close, and will a to for at existing X acreage assets able in acquired and condensate deep run X we'll
the of see upsides. While potential assets several the own, we on performance stands acquired its do
reduced combined the anticipate we Permian hits be of versus across each the planning executing reduced individual We techniques the architecture, frac full-scale and optimizing accelerated operating logistics position Simul-Frac, around offset footprints also and deploying our optimization across cube stage cycle completion significantly are apply X companies will previously. that development on across separate We'll proven their development We be work position. as We'll acreage. activity times. design, artificial our and lift
earlier, I the noted transaction is as planned. As progressing
Bakken be Permian there flow timely the types date typical January both targeting approval the are be get assets the sale, regulatory the if acquired expected cash a date while negative will acquisition mid-June assets which are year, an typical adjustments will flow manner. are We of in half positive. to a transactions. the purchase and Bakken be first X in of price for we of these for cash effective The free closing With free
our were adjustment result, of deals. have focused These we'll baked valuation and purchase price As incorporated to into metrics. into a accretion the anticipated seamless also integration, pay and our been and adjustments on we closing. Teams our for assets were forward an price look both
quarter the we to with our quarter, million second guide. $XXX $XXX roughly capital million. we production spending to associated Yesterday, XXX,XXX provided per day BOEs In and grow updated guidance XXXX year XXX,XXX expect full of see second to our to
June QX have We of closing provided guidance under date. the our a assumption XX
couple earlier provided we've of close potential the guidance scenario. weeks have a in we that a and mid-June, sensitivity to for However,
add, basis, both roughly guidance. quarter to quarter to and to second we of our second barrels we we about capital would net capital in Assuming production to our condensate and of a expect million X,XXX close oil $XX to add expect mid-June, transactions would to X,XXX on $XX million guidance
April guidance in full we we announced Our provided when the the year update transaction. remains unchanged from
a to Permian, program the X-rig the fourth In closes we of shift the in XX-rig a program the from time to happening most with transition QX. expect by at the acquisition quarter,
As spend. will a result, QX capital be highest of quarter our
savings. In to will increased increased cost capital addition drive transaction efficiency, also the cash
asset We the for X% the company both in a and and higher in year. the and operating adding half level of X% asset savings are relatively lower T&P the of cost divesting a in to cost We anticipate second OpEx T&P relatively Permian. Bakken
While floors scale in additional and the with swaps our plus. X debt our XX and additional have in into the hedging in company reflect a the WTI mid-XXs layered we NYMEX WTI XXs, high philosophy the of ways not forma upside upsides have mid- collars transaction. about using of has mid-XXs hedged and soft the and We changed, XX% with now with the floors combination XXs post protection of to to the pro exposure to in
side, upside. again, attractive with mix layered structures, the in through of a have On we many gas production
producing to oil of expect more of year, as than year, to a day day XXX,XXX barrels per range capital that oil produce the $X.X midpoint Next original guide, per but development our billion. put an will with and we barrels roughly next that XXXX spend amount and XX,XXX of run additional same $X.X billion capital CapEx will To the context, program, at a condensate. we of condensate into low-level
expertise can that We value return space believe companies inventory a of and their the come make bottom E&P that the shareholders. allocation long-term both in the disciplined and to durability capital to resource culture to flow cash requires will through a return to in durable all deep and flows drilling that superior we check rate X And return the free convert at demonstrate returns invested on return Generating that creation from of boxes. of sure cash line. capital locations, value to premium
which efficiency our multiproduct learnings leading Our capital commodity underpinned inventory depth. is diversification, and by and multi-basin, premium provides portfolio, cross-basin operational
the Permian, play will we have the basins, and time Montney, and the X transactions, oil Anadarko in a asset of high-return anchor and emerging close in the the positions high-margin, multiproduct a Following the Uinta. cycle quick in
today's take We're safe, superior affordable, delivering great positioned outstanding pride secure returns while our volatility. energy for results. delivering reliable shareholders. producing well We're at We and to
That concludes questions. now Operator, prepared pleased to remarks. our take we're
