joining morning, results. Yesterday, us. Crescent you posted operating thank Good solid and of and financial for quarter another
into key begin the to details, want hope Before from call. away I we take points get this I few a with you
team for reaffirming to with and raised and strategy acquisitions efficient our growing on Because of consecutive continues third free the increased execute proven guidance flow. capital through consistent operational for year that, outlook cash and we profitably our efficiencies. of our have production the quarter, driving spending our more First,
end or low expectations. our Second, realized our the integration few of initial approximately annualized the months yielding just significant We've a already initial synergies, closing. million SilverBow even beyond expectations, business synergies of is $XX within of of
becoming SilverBow we for schedule opportunity We execute and been our acquisition best ahead Central from This are the integrated subsequent and more assets, for the year here.
And of to practices both increased total to people, has confident us than to bolt-on core by see incremental with ability of our the significant delivered equity XX% finally, transformed drive an active ahead. We've in successfully and both have and synergies better continue Crescent value. long-term the since goal have never our executing target our our in production We businesses and disciplined for confident investment-grade delivering and that of our Eagle to success Ford profitable our has and recent of cash the growth shareholders. business am capitalize becoming flow company positioning public. been positioned. value we footprint, on an I investing towards And through of ability operations.
position, us flow capital production well we our we allowing free a entire guidance capital, we Following in highlights, a outperforming natural oil results had with our and quarter investors.
In development inventory, those base financial will barrels flow record on We to as trends with bit now cash of discuss of more our low-decline I generating with expectations. hit quality less costs incremental assets We program reported in-basin quarter versus quick to production improving and the free in drive performance advantaged Ford, a basis. year-over-year our and production testament Eagle in strong well are detail. industry performance. this Across This significant that XXX,XXX degradation for with execution oil the efficiencies our for depth allowed us of performance. a both per continue productivity the the and well of numbers. peers an of uplift by capture, SilverBow to months capital improve strong quarter, contribution momentum is our seeing equivalent meaningful day our improved team included our with increased the our seen remainder in performance, and our X have again year total on this synergy outlook build generating has to volume and cash only yet The
recent well direct key assets and the you result operations improve with to our through our part acquired of are performance. time, our we've is seeing As over ownership, a of strategy this
our efficiencies side, the across cash free further strength utilizing organization the able to latest our flow. expertise incremental program, seeing combining we've By versus drive of the available talented been we're half the integrated On the technology. and increasing of capital and returns newly first savings of year, people,
efficiencies, our down costs.
We've well XX% has lowered working we areas date horseshoe providers great planning costs the U-shaped For development. efficiency with wells and SilverBow alongside allowed are had this to development drive have half first may land to example, considerations meaningfully service where meaningful completions for to to success costs unlock select to relative the operating in assets, driving traditional been able We've not which increasing simul-frac down to inventory of bring year. also combined
and While they SilverBow the transaction. encouraging, what believed announced and the already on fraction synergy far million When the overhead, we've from to date significant interest a our already only $XX we've the approximately With uplift we've of acquisition, are savings to capital range. originally original ambitious of forward schedule. represent we targets, been costs, put across capital, achieved able we and expense, deliver the target of we were ahead acquired hit realized operating synergies assets annualized
time opportunity anticipated, assets have we increased and our we there control, our expected than more under more believe we've XX%. range originally As with spent than synergy we the is by more
the cash and Western price. the the free this forward our Through all the combined talented industry and productivity practices drive change we've across further step to year work acquisitions also with are opportunities from we pleased on we and position our exciting economics Ford approximately On operatorship incremental to The people, date for hard its an returns for strong see a largely Butte development to value PDP purchase under basin.
In $XXX proven dedication of to resource development achieved any to the versus look entered discount through operational scaled Uteland bringing the continue XXXX at we public the basin. to in the formation. of Uinta a in has of impressive $XX the the dramatic is first our our basin recognition which our and by have and finding see of transaction in program, to of field, remained million investors. Eagle best front, to the focused Uinta, operator integration flow potential and our incremental gains XXXX the with relative activity strong generating our million We well potential value in a stage annualized advantaged prior in at evolution, in results continued
capital to most have prove potential across incremental and with While the remain other capital focused program, further spent current on to across to our entered of position, venture full to creative upside and the and our with pathways extent formations no into easternmost we derisk begun the a horizons small the prudent delineate play.
We've have now recently also acreage the operators been active impressive joint we that seeking capital more development test required. upfront allocate our efficient meaningful proven to
but monitor capture still evaluation, limit as results upside continue our have While from encouraging, substantial the data, across been we in be to from will initial assets. our patient risk our and both wells and the we resource and our early offset operators
pleased successful significant Our strategy, we consistent us. integration our have growth largest proven flexibility area The meaningful the minerals, and generate add typically more and bolt-on production, was completed acquired assets through opportunities, representative infrastructure, of interest ability midstream, at were followed closing inventory, a company, our Ford. integration a but portfolio. Central benefits a further of minerals, opportunity on of And to operating high-return of see we assets to in results. improve with we and date in as with acquisition incremental Eagle cost we us operations our since, oil uniquely with midstream acquisition the operated given the capital, SilverBow operating the to increased opportunity additional and have a ahead market conviction synergies added acquisition received key a great playbook had working substantial and and and surface, attractive our has acquisition public ownership.
We and we which surface with represented to and low-decline another have the
but opportunities X year pipeline potential a We executed prudent and of X will screen M&A in XXX our a remain ahead transactions consistently. large to year of XXX have us, we have each to We underwriting.
We and creation for performance value XXXX and our sheet, the solid operating stakeholders that on call and our compounding to remains further increased balance we quarter. well-positioned of for volatility, on the market our the at are capital and are growth rates quickly profitable over meet over Brandi recent over on and with provide of opportunities time I'll financial scale, strong the that, remainder turn focused more detail to criteria.
Despite extremely beyond.
With pass And attractive significant underwriting active. don't return, we
