our our update operational On the Good of outlook joining the progress today's and morning, first and will us. for on review our you for year. remainder comment call, highlights, quarter thank we
prices, U.S. gas natural this last several long-term oil this recently gas been and prices. decline downs in volatility, amplified we the LNG has the and for volatile on been the environment, are natural of LNG. ups a oil, moves global pricing years, and extreme in rapid constructive and with For price global navigating have we Despite prices
belief, the and Based periods That moderate growth and over invest within therefore, We fundamental cannot price plans our must to volatility at seek be weakness. term responsive on sustainable this single-digit investment tax we to of regimes significant for to production attractive ignore returns. will, said, countries our changing governmental low plan we regulatory of long price also operations. during
and to Fortunately, our plans relatively diversified us our flexibility adjust optionality, we portfolio investment the provides quickly. maintain
we dislocations. production directed XXXX, extreme reducing in curtailing Waha In to have activity gas this demonstrated and natural response even price by
We in recently also and Egypt. made competitive the decision Sea levy the North to the less has profits energy resulted in than the reduce opportunities spending return in U.S. enacted as
growth, where while returns for moderate to capital or periods to activity. redirecting a should respond So steady pace and invest will you see influences long-term external we also expect at generally us you adjusting by
per day, X now our average exceeded in to results, Sea. the below with which top production was North Total guidance and the rig range. X,XXX North the characterized remained each our during Adjusted the above X exceeded Turning period XX the in control. expectations, performance of operating and investment the met quarter and in was Permian semisubmersible in the by regions. Permian led adjusted performance Sea. Capital guidance, X Basin in production BOEs slightly in guidance or count our and operational steady also cost are drilling Egypt, good by strong our of APA production quarter oil end first
the back quarter. half the of we online connected In XX most the wells, new these went and U.S., as planned, of in
drilling production drive program. benefits pace continuing quarter-to-quarter from the we see significant to of connections on our steady basis, well a can timing of While variances, are
fourth quarter. the As sequentially expected, first quarter oil from declined production
the High, to However, we in activity Alpine a on testing Basin second Delaware Basin. new are year development a currently third concentrated in remain constrained and At in a at X-well oil-weighted the uptick on primarily Midland we will pad oil deliver be Permian track this Southern the quarters. and significant development rate.
ramping production planed weakness in million drilling Waha approximately no are result material we in our XXXX prices. year an this, down upstream reduction gas on capital natural $XXX Beyond gas to due impact have should our but guidance. the Permian lean will full the U.S. prevailing of activity in This
the prices We will Alpine High return when at improve. results with and are Waha pleased
fourth production gross the approximately oil Egypt, day to compared quarter. In increased by per X,XXX barrels
were contribution from exploration recompletion and pace. to well expectations, activity higher we New success and are connections, beginning our all our with consistent positive activity see
will the guidance has not second changed. have volumes be For we Egypt most roughly some of production are we this, year gross temporary. recently Egypt forecasting unchanged our Despite production as are experienced which that full quarter, disruptions, however,
Turning now to the North Sea.
Our expectations production operating the by quarter, exceeded facility in efficiency. strong first driven
daily offset was in the quarter second in below from a normalized platform average March. will placed line more contribution mostly quarter scheduled by well, projecting to slightly to first return as late and new operating efficiency expected be maintenance will be are production online facility We which
focused we Suriname, development the on appraising half in to oil toward first In with of continue hub progress Krabdagu. project an activity XXXX
appraisal on thus expectations. pressure with this are and We buildup the currently have test far the well well line are in completed of phase. the Results flow in first
Krabdagu provide future. appraisal is second the steps The more next drilling in currently information well we'll on and
In of power emissions us ESG routine in upstream of delivered safety Egypt progress another Egypt COX eliminate performance flaring goal which excellent On implementing emissions good which plan in start diesel quarter cost year-end our XXXX, longer-term we are reduce net and an further emissions. reduce gave equivalent reduced million combustion to flaring by We toward XX% year, to on focus we will making last converting generation projects of this XXXX. the excellent front, X tons gas, on field by and to goal. and both for
to managing via our to We volatility, a shareholders this minimum are of our we repurchases. returning accordingly. and and has activity share committed commodity dividends APA to capital the respond flexibility closing, price to remain year In free flow the XX% and cash operational near-term of portfolio quickly
term, many we is for constructive. and currents, investment and outlook very industry strong, hydrocarbon and case fundamentals Longer the is the despite prices believe E&P the for cross APA
I And call turn will Steve with over to that, the Riney.
