David. And XA a Thanks, flow the on We're remain and cash returns, everyone. priorities XB, sheet. off focused great start shareholder balance in morning, XXXX. good to and We
per quarter. per on As we with a XX% the which to pay for attractive remainder based X% EBITDA, dividend, trading share to announced generating $X.XX intend the Consistent of of quarterly a framework an share the is we David $X.XX dividend recent mentioned, prior increase price. our XX% of year, adjusted yield
million. million. the elected credit transaction March $X.X sheet, XXth, for consideration times. the the of from Basin existing we exited approximately facility commitment to the On quarter billion under the increase $XXX with cash $XXX leverage lenders our conjunction amount In with transaction, authorized the balance LTM of On at closed X.X we Uinta an revolving
used Additionally, reliant not bank's strategy we RBL proceeds borrowings the issued to being consistent $XXX quarter RBL million our market. the with on reduce during tack-on with overly of
excluding of $XXX our XXX leverage-free adjusted Uinta, flow. EBITDAX generated per $XX million of quarter XXXX, produced previous guidance, MBoe day and in-line first the net with cash of and we million For
of contractual the costs adjusted reminder, $XX expense, our costs Wyoming our do the recovery of index our set the QX prices in as commodity. prices barrel, higher that guidance than closed production price. gathering oil and taxes for in from since originally $XX a roughly commodity the cost. $X.XX costs, certain tertiary $X.XX such were Operating guidance MBoe Uinta less link quarter. COX at the processing increased which contribution end assets line Recall As operating About of assets not declined barrel the XXXX results and was excluding per contractually for in a with to other these transaction include the at are
than by higher these prices improve were contractual commodity higher costs With offset and margin. dealing more realized
per year MBoe Our expectation contractual taxes with the these of line our commodity-linked with remainder exception for of the costs. excluding for OpEx, the in expectations is
offset And be remainder excluding OpEx, increase taxes our cash higher As $XX by going which Adjusted prices. for spreads we G&A second Uinta. forward cost expense $XXX the per totaled is expected barrels in per of increased to taxes Again, barrel and over the $X.XX per cash guidance will per MBoe, our unit $X.XX we by this expectations, beginning and other from is the set to increased we MBoe. our quarter, assets realized year, expect production the excluding reduce XX%. operating in previous with excluding line in by recurring
Eagle Going million XX with acquisition, Contango to certain forward, safe online three to adjusted in post-merger excludes roughly the early expected an public months recurring payback minimal expect million less with brought Ford of the operated as commodity than Uinta we calculation $XX of We formation the Invested an we expenses and to costs. million in asset And one-time incremental non-recurring merger, and XXXX, G&A generate showing that integration the other company, Uinta nine We wells. the the quarter $XX $X.XX the be our transaction-related of a times roughly potential expect expenses. are prices. and as remainder more XX than G&A Crescent promising results during investment cash $XX first quarter. Energy new at for including incurred
changing to is and pressures other with the million and budget landscape delays million seeing XX% $XXX potential We're month. operated dollars monitoring Uinta unchanged closely the XXXX across inflationary logistical peers, our basin. Like than to the more capital as allocated Our for pressures Ephrin at business. month the to change and development and profits are $XXX we
Based are incorporates the to inflation, XX% the we and pressures. of capital believe relationships in these XX% capital some in what a year-over-year. range to safely our guidance we and on February people some find new our and accurately today, increase incorporated ideas Our industry we expected costs best know to continue offset of
cost we're rigs are and inflation around We of additional Eagle X Uinta. pressure in covered seeing believe the I so Ford remainder this or X in the X% in continuing guidance operate rig our the range. for to the in year; Today,
expected are half commence the wells back the production growth of the to second modest planned which should of at quarter, year. Our quarter the in end drive
year. even objectives. strategy the capital our to couple core hedging achieve remainder to Hedging expect spend we We a be management of is over utilize to cadence and risk our fairly of
Uinta X-year for a to Today, to our future which a are covering XX% commodity that. relative price second, slots entered into returns expected expected acquisitions that that about [Indiscernible] First, acquisitions, our strategy capital PDP sheet; balance to acquired returns drilling we to maintain protect our recent period how of with from perspective book into with oil our than means protect invested. signing in or hedge more in and current exposure Uinta underwrote the of on transaction, lock connection was we outperforming third, additional upon and acquisitions; capital prices. XX% the to entered to Consistent
hedged and upside the underwriting. Uinta oil of environment proved long-term XX% prices provides per to $XXX we attractive current client barrel $XX at and per acquisition We reserves to our only hedged exposure the to $XX our future significant barrel, today. For price maintain example, developed
E&P know the our that strength we're hedged relative XXXX However, of understated adjusted today for mid-size to peers than and hedged base. XX% XXXX. our peers the of asset with meet remainder We EPAC our
equity we of our to well cash believe disciplined conditioning strategic Moving that of at to positioned approach continue over key of we we're the and generating and with shift, with invest piece liquidity we're Since building making and rollover David. today's improve returning And is not the to engage to Crescent XXXX size. investors. float, active level markets story our expand focused priorities, accessibility the Crescent research awareness our the our peers back yet that, capital to to increased and flow, sheet awareness in a an the maintaining market balance for market our plan through stocks In to our similar recognize current our We consistent and of coverage. with on committed increased market, investments, turn in summary, I'll is call cash strong to time.
