Great. Thank you, good and Brandi, morning.
free continue has same our year, market the environment one, that the last will Next of used the a in month mark successfully we the public generating market last changed becoming at to Crescent, we have decade we but anniversary Number returns value hard everyone another strategy of significant cycles first company. execute progress management, A lot outsized on over volatility. and over through risk investment team, prudent the members and on exceptional work our of of the two, are yet flow. goals. and discuss cash our pleased thanks to exercising expertise strong producing and number we and three, to creation quarter Number dedication,
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what and methodical and is asset term with the granted. We year-to-date market capital a aligned these late value going our we for broader outlined since to that all our company were will are in year. for performance not and are on to plainly, take shareholders. testament our our goals continue value public is of to do done do a this for execute confident pleased and we of accomplishments strategy our the well we shareholders. to said with Each have market To on to we of these we with people strength we and strategy ourselves set last continue quality scale long-term achievements execute have and progress the put becoming goals way we our to a In long creation of aligns are the creating it the of summary, positioned base for
our to quarter Now results. third on moving
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X% production BOE per from increased the completion day. XXX,XXX X% increased and barrels to XXX,XXX per day, production oil XX,XXX Given activity, to XX,XXX from heightened total
relative million flow despite adjusted commodity million generated to business consistent free the decline XXX XXX side, financial the in quarter. the and EBITDA the prices cash in levered in cash On previous delivering flow,
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the coming in has up expecting improvement However, the months. over and begun A&D meaningful A&D activity market we recently, are picking
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Our market find have opportunistically presence value assets. also patience allowed us and as good non-core divest we to
plan operations, in Eagle development to process system Basin underpinned program capital our returns it at August. the it design as payback Turning allows development future year, by periods. optimization with a still relative of spacing the impact for the volume validation rigs managing our the rig overall be growth. Ford. our is a suggests over one our Uinta last support operator. changes additional to our quarter, our one initial the while validate infield of and half of to we course ran back while early, adds continues in time on the and And good in those comes attractive one provider into and corresponds continue are completions to rig midstream returns making, to shift a This short gathering capacity and to to This on remainder generating data And performance. theta we and We in us optimization positive made a decision well translating driven previous cadence, the run to
immune. quarters, to maintenance the we service As that said providers see industry deferred we impacts of in not our continue have and and are assets trend previous
length service our and in to And best acreage consistent well manifest, efficiencies both quarter in pad UTA, continuous to tangible remain for where work feel past a improvement range, feet, process. our allows We providers of we our impacts us our to as extend mitigate with development of through will stated recently primarily this to establishing a lateral our average offset as continue laterals. costs on through with potential as which online operations increased excess while implement a position expect pressures we as with we Eagle for inflationary capital position, publicly we to due the repeatable planning provide the across XX,XXX the will continuous brought strategy within to continue Most continue to drilling guidance future on to Crescent. do
structure, and cost costs, operating we XX% due due our Additionally, our and elective approximately see non-recurring to pressures have to commodity sustained inflationary related maintenance but well merger link to as activity, recent increase year-to-date, acquisitions work continued over Contango. also expenses with returning primarily across to as high
Looking expect ahead tight, further side but we inflation, we to on with ways operational to to our a we can market services remains achieve continue are find efficiencies. anomalously will confident next the see team year, particularly repeatable
posting year in we on into the the operations as and we prices course inflation. of to stabilizing commodity mindful we At are the over XXXX compression guidance months. for margin remain over development potential sustained coming of focused beyond, program a capital next maintenance QX with high level, anticipate running level As we look a forward
we growing returns to and on laid this will we A&D remain production the potential as year and call Crescent opportunity year are value our our financial optimistic the capital. out In attractive about our short, on Brandi as in outlook. to results before cover With our of with more quarter capital of use unique turn Our that, XXXX to third evolve detail happy ensures and it over current to will and have continues set remainder generating positioning with us. particularly the given creation the highest the remain I on Brandi. opposed view returning organizational market made progress flexible, the focus
