good everyone. and Dave morning Thanks
is developing valuable and and across strong Appalachian portfolio quarter, quality approach position, As excellent had acreage by trend continuing execution our ability Upstream deliver marketing performance unique driven and operational to gas Dave our our of an mentioned our integrated the This the acreage. financial operations. earlier, to markets integrated our through high to our businesses premium third expansive Gathering solid
the plans, to same our underpin long-term which future, these unchanged. Looking remain attributes
increasing flow Our free over the next deliver two-rig growth levels to years. to cash program production mid single-digit of and high several expected is
capital be Upstream to our higher As Dave and discussed, of expect the range. our guidance towards fiscal we end XXXX Gathering
Looking slightly increase and overall in expect segment. is XXXX, Gathering in our to This higher driven Seneca. fiscal to a spending see business flat factors. we few our with $XX by start up to I'll million Upstream
bring XXXX. to premium we capture As new activity this is approximately completion production we the summer accelerated quarter, and which higher than pricing last earlier upcoming $X online winter, discussed of
quarter to the Utica fourth pad one in seven-well and WDA line during one pads WDA in turn quarter XXXX. Tioga first expect We of fiscal our and two in additional a the in
we fourth rate. meaningfully result, to during should a higher exit forecasted December quarter, but fiscal modestly decline production As the at a is
guidance preliminary be in headwind, our is to remainder the the for a for continues inflation which XXXX. year assumptions cost fiscal reflected Additionally guidance our of and
seen the the we've such doubling Over steel some in completions. costs of and as areas increases last XX% year, in significant to cost XX%
pad, However, across longer as drive more XX% well per to we foot on operating and per efficiencies with laterals total cost expect we only average increase particularly XX% to areas. wells our
which to impacts fleet, we will First, XXXX services transition fiscal an our has are or and During lock operations, cost frac diesel two inflationary key electric in consumption completion benefits: to fuel pricing further greatly on also a planning component. largely completion reduced dampening it
TLL transition significantly as largely similar number expect operations Despite line planning advance while fiscal efforts, in the will capital completing pressures of teams of reduction a with a these our long-term fiscal this stages. drilling Second, we similar goals. of and amount XXXX be optimization a will procurement XXXX inflationary Seneca's and and emissions result
system, we shift further our results this assets delineate and to development two our of Tioga of date interstate access been us is and longer help Tioga years maximize We've for pipelines acquiring potential towards our assess largest long area producing acreage Looking had which locations Tioga now are a to the properties. new our our the our Gathering through and production. prolific runway value to development to have continuing term, outstanding. since will with multiple long-term
drive overall mentioned Dave activity capital. to Tioga near-term earlier, our to an is in Gathering expected of increase shifting As more
in the move to build-out XXXX, EDA that The wave forward initial in to years be Beechwood but to to gathering of to later our in region. in time. Given XXXX, start growing effect in Tioga taper construction long-term development to of in expected design construction the requires the which a off the build-out This for XXXX. we to out pace Beechwood the Increasing we come. compressor initiate station slated was in investments the after future moving area will plan make centralized will interstate on WDA, order for our infrastructure. in step-out a of interconnects from production development engineering a pipeline benefit our expansion pushed area, In is our significant has also in delaying will operations now begin of the and the are confidence
approach WDA. Rich Our have of exhibiting results Southern area the in rates we've recent some encouraging, production Valley in the initial been highest the as we seen Beechwood
area we company, Beechwood fee patient. holds the hold significant While value that and can more in our acreage long-term for be
maximizing Lastly, wells. existing production we focus from continue to on
Our basis. a in and cannot we at that consolidated economics unique returns project on so, pure-play cash integration allows us to look match. and incremental doing find to typically producers flows, ways deliver midstream companies And
robust months with example, in quarters advantage projects, the compression expected are optimization economics only several modest we undertaking from or deliver periods price pads are years. These which to to gathering environment. take that not measured For existing payback production projects require infrastructure, enhance incremental of higher
optimization be the to the fiscal growth of season online these before winter higher production year, of expected helping to upside and our maximizing We XX% at end expect drive heating calendar XXXX projects our the midpoint pricing.
In continue improvements to to efficiency deliver in our we deployment, our costs. and in unit addition capital maximizing returns
unit sales operation. our with G&A in was quarter, California the related to of third steam our reflect Appalachian forward California our will the operations. The and solely LOE end going at improvements be operations its LOE costs closing With biggest of will intensive a high expenses. costs the
cash expect production. a pro cost addition, fourth nature we to quarter relatively operations a burden, per In amount lower and of be Mcfe. G&A there the operating $X.XX was the basis, the given high forma of On
and next we quarter. when costs expect forward expected fourth to focus in on decrease to continued an year, Looking growth given controlling production our expenses, the X% additional these compared
levels, maybe to prices unit record will focus gas we costs. opportunities continue our natural While to on near reduce
we and With initiatives. continue stride, accelerate the the financial our at of aspects full sustainability operational to business
emissions significant are on On on focus emissions. culture the responsibly our methane reducing making under certification front, management the demonstrate we strong progress standard, of will sourced MiQ gas achieving which and
alignment of is part our party evaluated As and standard. assess the with we're our process, results. final certification the awaiting auditors process audit MiQ third complete operations to That
future. facility technology In we technology. going emissions emissions first facilities real-time assessments another focus We gas unique continuously will new conducted technology, businesses help are well be fugitive a of forward. Upstream our available addition Gathering pure-play in actively cash not and scale our that affords emissions. capital improving us to mid-August opportunities our positions opportunities to provide drone aerial pilot have LIDAR customers These flow for RSG, scheduled may facility to us maximize and on emissions to and approach very into integrated our generation. lockstep monitoring profile efforts and using and maintaining to profile, to conclusion, Embracing efficiency our monitoring deliver peers. the our our for operating utilizing monitoring The sourced development well are identify In us responsibly improve
place sustainability in significant producing the cash With the combined with free call very and deliver our to to flow, positions which Karen. sourced great leading-edge got production a us we've for gas, future. I'll well plan that, approach turn forward, to over and responsibly Looking growth
