Dennis L. Degner
Jeff. Thanks,
in track spending operationally with expected. was capital coming third quarter successful production and on than better The
exceptional the of million, X.XX budget performance XXXX Third or track quarter for on and $XXX well puts planned versus of a result equivalent per as us of quarter the million. comfortably better capital million came equivalent day about per spending ethane year-to-date and recovery. Production in of $XXX day, XX Bcf capital third $XXX million increased than at Bcf
selling Range's maximize third we across XX% stream. a did ethane, saw we marketing looking This substantially of saw ethane approximately quarter, increase first recover capacity ethane ethane we flow the above more flow XXXX. Looking NGL quarterly improve in did Range we half selling our contracted quarter. products, the more prices receive gas the ethane our job at than clearly marketing is during The improved to for September. otherwise cash cash by selling team particular, barrels and would that additional barrels in In team than allowed pricing all by and first always to in in ethane great
prices limited existing barrels, arrangements. production now additional and forward sales at that levels extract most are capacity to ethane to firm above ethane producers Looking increase there opportunities with incentivize
we in However, the the outlets marketing having opportunities improved very looking persistent consistently those history a barrels with U.S. in over an U.S. in benefit on And Range team with basis. three monthly and markets. per along abroad, see to and and positioned for being well relationships will the of from direct XX,XXX pricing Range and access a be Appalachia, with international NGL in-house daily, moving weekly to day ethane the team with
recent wells from pad the XX.X list, cubic existing on with quarter. wells to per during length average area On eight IP sales Appalachia to also our XX positive to feet is I wells performance an also was and from during which to six we an super-rich The One the observed early gas dry point very incremental also wells, over for day the exciting want strong drove feet. out these XXX the continue production performance we dry from the another million call. per of our in XX,XXX million production seeing example continued of turned of average on day yet we cubic sales touched the turned pad. resulting new where lateral in Next which well feet turned in top see are gas quarter. quarter, prior to previous sales we we earnings results wells on that,
our average existing cubic day came a with XX.X average lateral production at an condensate of For for added pads, which over in these barrels wells XX,XXX X,XXX five new example, recently day well. approximately The we feet. of one per per length feet on equivalent, average million of an IP included wells
completed more drilled barrels were two total combined the one little from team per production discussed earlier together the with alone of peaked lateral of that year wells condensate In two These were QX. these production per fact, in barrels average Appalachia feet volume the we and by day, completed of with a at results X,XXX laterals of X,XXX point, over condensate than this an our day. plus coming combined a flowing at at XX,XXX length pad longest
for is wells in wells XXX enter expected XXXX total scheduled we we this to our initiate lower taking to XX wells. quarter, turn line the XX slightly year. than fourth sales earlier This As the on are
X. looking sales original be lateral XXXX, in lateral in will lengths. schedule fill plan quarter our us will which help into due This to which we wet footage to Fourth upcoming to extending near Rover at wells will be we commissioned the Harmon However, processing turn September was firm completed the service acreage pipeline plant, our to within is of all Creek put this into X% capacity on when the quarter. be focused on the plan,
prior As track XXX,XXX discussed currently Rover on calls, to capacity this a day year-end. on fill on Range of by we're has and
had our one third sales two to North initiated operating Turning rig in Louisiana, quarter wells. attention with we on the
rig performance from well We will continue quarter as the XXXX with drilling fourth evaluate one for this we the program.
will track. putting us approximately on fourth With plan clearly for to million capital the per $XXX mentioned earlier, And at equivalent Bcf growth. equivalent of overall remains day we track set budget for on quarter the year-over-year production day X.XXX Bcf XX% X.XXX as guidance I our outlined, per
shift attention to lot and length. of that's gets days a lateral let's topic Now, that a these
about that and for It's the of down We efficiency; understand efficiency. really important about areas and These three this When program than in story well are work the drilling break more area well it's longer performance; improved boxes drilling team's and proud laterals. overall also three you checking the economics. we program long are to both are capital is of we're here key economics. there development laterals, value consider: to think
And existing mind, that our With laterals including access allow look it important takeaway communities think development efficiency environmentally developing again, but otherwise activities, single relates Horizontal may possible we terrain difficult are us wells underappreciated for acreage use laterals now what footprint. in maximize as resource Longer and considerations. or the where This planned special a I for with or to to allow operate a where have an is from obvious development important sustainability challenging been areas. surface Range put, let's more for reservoir First, this footprint. and factors, and much efficient more more due for often Range to is to the we full the all develop our is position. efficient communities the several development wellbore, for acreage a Simply that much longer allowing at to operate. simple sensitive of and for ability and is both reasons. smaller smaller acreage or with this strategy
each our normalize It's average not there's their evaluating at curves comparisons low the our this game years. the still than well consistent production long routine we past But to point, curve, in with seen our the area. careful an four with laterals. comes associated production to type performance when comparing wells performance. type impact lengths by the productivity Second, doubling is when in lateral And early it after That's X,XXX from Marcellus, length. to the have after and technical over than for to team for more analysis performance our lateral expected our more lateral length longer corresponding
length our indicated performance. lateral to reviews So as continue adverse to of program we well of our results, none impact any have evaluate well
laterals efficiency. such pad mobilizations, in as reduce top-hole and can Lastly, times. let's and at construction, a cycle of look areas and significantly reduce and well drilling, completion even surface capital eliminate facilities costs Longer drilling road number
For pads be example, completed in expenditure drilled two X,XXX-foot based total to covering four current acreage and XX% with on laterals laterals pad one up a the our same capital with to reduction with can four numbers, compared position. XX,XXX-foot
the day. evolving. constantly drill Innovation industry several years increase have Our an drilling is over footage efficiencies past in horizontal in advances and single driven a can we that in the
capital days length as point be drilling cost being now lateral minimal an as of per spent. longer incremental time are drilling to XX,XXX only are than wells drill of feet XX,XXX additional And foot. reduction shown we to We X,XXX to the the a requiring couple XX% feet with laterals at the have where a lateral may in a much
higher of Our provide indicates greater shareholders. longer And measure These performance. translate into with value returns our better that success returns. wells directly ultimate is laterals our economic for analysis consistently
share believe quality notes we move head more as over team, asset before we technical forward. laterals a Range gives and Range's Given long I'll we advantage competitive drilling a Mark. to few
for in with are our While described five-year of we projects in the finalized, far that are milestones in us outlook. XXXX keep being opportunities, line growth the our process plans and objectives from identifying
of to coming for be year year, added the we Range's XXXX. This that and which capacity incremental of of through program toward supported we XXXX year, we capacity NGL practice longer drill wells further towards As be to half are to and XXXX, processing we Similar in the will to takes generate our laterals expect The and look more anticipating continue returns plan PA our improved value. drilling drilling NGL shifting to complements processing access years, XXXX. on prior infrastructure. additional will as allows times schedule cycle possible, us on when a Harmon service to second the advantage Also Creek take reduced our the southwest this and of fundamentals with production end existing plans before for full additional plant compression with pads by that differentiated of improved advantage liquids-focused and compression for markets. existing of to
that super-rich of in Marcellus could of mix from and wells and well out I'll years. in count, recent this. the XX% as our next increase percentage XX% to much highest year's XXXX We And as wet well close expect with up
produce As our on operationally are production and targets cash drill on we and year, deliver efficient leverage most enter our flow, we as wells. quarter we the track of last capital cost-effective and the to
over so the financials. to Mark, Now, I'll turn Mark? it can discuss he
