Thank you.
you conference us call. thank quarter our and earnings XXXX afternoon for for joining third Good
My the of Chief is Executive name Wilkie Officer Contango. Colyer, and I'm
are President; Joining Dakan, Grady, the the Officer; Chief the Company's afternoon Financial me Joe call Chief Chad this Operating Officer; the Roller, Chad and Company's Company's the General Company's on Farley McLawhorn, Counsel.
cautionary apply and an this this I afternoon's website the including posted Presentations Reductions. the Central & Hopefully, non-GAAP on through press information tab to Events looking that read everyone Oklahoma LOE statements opportunity has call. forward to will to to had statements make our measures regarding a called the release, Also, in reference presentation
So if that please pull up along. you'd follow to like
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environment. base in group and shareholder major are competitive by this JPMorgan lending supportive led Our advantages supportive
new front. the continue We head on diligent to be
hedged XX% gas hedged oil XX% $XX.XX the of forecasted $X.XX. of at have production of forecasted our PDP year, production For balance this and PDP at we
from to hedged $X.XX PDP and that $X.XX. us XX% are Not XX% late XXXX hedged on numbers on close at $XX.XX of at and we oil hedged oil in on gas gas these the QX XXXX through and through when hedges PDP PDP are this early included Recently, inherit XXXX. entered at on bringing additional QX XX% oil hedged next. XX% on we Mid-Con will we PDP of into $XX.XX or year Next we year transaction engines
think Contango In of that great Reductions tough Central in a LOE I And to results, please up deck managing we if job Oklahoma did that terms Slide a of you mentioned I slide and environment. open X. turn business
Central XX% lease preview. prior So Slide substantially to reduce lower X are year over business been this XXXX operations. the operating We've plan, expenses previous than and Oklahoma executing able end our taking year LOE year during to
So were assets at when a in right if look running by XX this see of owned chart, $X.X White you was month. at March you'll Star, about top the million the
and we a XX% And $X.X to that $X.X month. basis. per expenses month of over gross, dollar reduced Since total October we've then XXXX took about the that's on production go-forward like about before month In operations. million was LOE by a
for the expected as $XX.X of assets PV-XX subset By assets. is of the Oklahoma purchased increase in Central value the LOE part XX% to those increase, reduction Star in White this or is That we region. million way, from result the PDP that over of
to reserves, XXXX the UCF year-end were year-end reserves For expecting normalized pricing. we're same
three that's today's So and from that's that strip, XX.X the but minor free viewing roll-off cash at look XX during reduction, essentially, of production some roll-off production, see UCF at the year-end flow the LOE about bar at some or chart revision, 'XX that year-end that's there's bottom, free times year. down flow, you basically, cash at
cutting by going reserve on our and in to increase assets. material very very, these just cost So base
were hedged able how We sales bench production the in assets strip Central then significant case in is the growth. Oklahoma, XXX at for purchase categorized we study of the subset process. to a risk. We asset via that White PDP acquisition price Star mitigate So discount to term approach and a specifically to inorganic near
of cost further able enhancing the level field performance were cut operating or out production, degradation OpEx we in Finally, any returns. without to significant
today While was taken price the price at closing downward tag actions a is than of the post and safety against lower paid it closing, provide movements. margin price
to which particularly We is that non-natural repeatable, continued other focus creditors, bondholders, to process entities, us. such by believe be this or regard with assets banks, as a owned for
either G&A, in we plus our came of costs the guided and at results during top LOE we to we than value continue net look internal short, on least below guidance for accretively. call at or to at production In grow guidance. add Our things better with not the to and opportunities while last inorganic earnings low-end we of to or executed value from can the control detract end
ask continues the strong us front, It spreads has subsided as that narrowed of ever On as been. as be to pipeline bid appears to we're opportunities have evaluating has volatility that it bilateral the in our almost bank post curve. WTI of forward assets to opportunities seeing reorganization to acquisition via and securities. and credit somewhat pre trades combinations, unprecedented add portfolio, liquidations, and We're
the are multi-basin and ability offence the play do at many when allows reactive give us approach be to best value opportunities unable a and us capital leverage and so. competitors the now our and simple to to both time mandate flexible low future structure to of in our Our
the time that your questions. afternoon With I and up open for operator, for your interest this lines Contango. will for Thanks in
