David. you, Thank
very As as online quarter offshore previously assets assets. we and for X%, and our especially lower downtime across exceeded XXX,XXX our all experience equivalents stated, produced better execution we onshore operated to in recently fields in perform our continue assets the purchased well guidance
a has history over Murphy and shareholders and X, past equity. we so Slide have years, do to On not we've long X.X supporting issued shareholders returned continue to the billion of XX over
and to authorization, boe. In barrels continue roughly purchasing the which or shares our we million shares XXXX remaining our opportunistic year board second when equates going $X.XX quarter, under only outstanding be XXX repurchased XXX proven repurchasing which still will at expires have end We per our forward. X% for million to of
peers of generation to our XX, history late free cash actually six and cash overspending yield, flow shareholders have a not With collapse recent the of price success of flows. returns since only we're one have who flow free cash and
of to together, Karnes, dividends forward During net in in buybacks wells, group now peer the the issuances brought of are leading XX none X, move in have Tilden. XX Slide XX when company this are second and considered. time, we we’re are on added in quarter, which we which the operated of We
on led quarter XXXX which advancing line in scheduled quarter Tilden wells were drilling third efficiencies to to actually come completion our in the second As the the we were online program, in brought
Overall, wells bring division on line the XX for relatively year between and and equal we Tilden to Catarina. Karnes, expect
Ford us near asset. add which rather an feel Our anticipate equivalent over XXXX XX% X, production is by this as benchmark quarter quarter we a quarter Shale over the quarter Eagle production three of over for two oil barrel and for one, we increased increase is in outstanding in
quarter the have strong recent with both further Ford been wells in Karnes Tilden detail, In second best the we've performance Eagle are drilled this ever XX. Slide Shale Tilden wells and area. our in
or often importantly, three This approximately the XX and three the per all across content. Eagle Shale zones, Ford drilled zones, with achieved we average shot Karnes curves, all equivalents we XX% day liquids XXXX Upper, IP type quarter, Lower results exceeding rates average with well
applied The first techniques area. we’ve wells latest in are our because for this the Tilden time completion important
day achieved rates with specifically assets Karnes significant Our our averaging content. barrels XX equivalent liquid X,XXX per the have IP align Central wells, robust with performance Tilden XX% of and
this results acreage. of future encouraged excited for well the of We're and our recent development
Slide Kaybob wells equivalent for perform the across equivalents initial creeks more six two barrel continue than asset in and barrels day well the strong we two The Kaybob XX online proven XXXX north with north quarter volumes XX, facility, acreage. our and and Duvernay have IP constrained creeks. rates, Kaybob per of to brought as XXX per and day
gaining acreage approximately cashless in in another closed non-core thereby gross XXXX Kaybob exchange swap for the only also East, XX,XXX have We area. contiguous in cash acres acres
the them the Simonette first production constraint sales of after to third-party quarter year. area from midstream the resume three prevented Following wells in in spec the half end, flowing
for focus with of remainder to is XXXX. the line retention drilling the our year in come acreage wells Going XX on forward, scheduled are on
new XX, XX performance, in our the the highlight to continue line Tupper volumes Montney per quarter well wells five wells and in type trend Slide curves. added with our BCF steady deliver
Canadian. $X.XX Canadian, compared be strategy mitigation price Mcf realize pricing Mcf $X.XX excluding second price quarter of Our AECO an of as to transportation successful, continues to we per
marketing a and is focused our AECO exposure diversifying This hedges off our to tribute which on through excellent price remains sales. team,
bring as to well more back in with growth with region. after in expanded has fifth XX, two the The successfully drilled development and tie Slide the quarter the is XXXX we per transaction, that would nearby any completing returns, major of we're very Mexico in Gulf day. largest well pleased producer Murphy Gulf at the plan We Dalmatian infrastructure equivalents along a portfolio, now rate Mexico. the than fourth robust our
can drilled nearby zones. well. projection easily We well discovered found mean and resources is The countered three the House Park volumes number facility. We all well ongoing. Delta that successful are through completed just We the Murphy results unfortunately be for below evaluation in We our Hoffe operated produced a two. our logging at
several long projects Slide to runway the for the rate Mexico XX, return of in provide flow production years come. of will Gulf cash and higher that
key Our board sanctioned projects three of in June. these
will the LLOG and production fields well recently sanctioned One is host the our purchased to production a Quay Samurai transaction projects of recently floating system King's development. from as two which as
last cut steel King's Quay in first is constructed being month. with Korea
the options We in a we're to currently in down a the it as sell highly after XX% asset portion have analyzing market. working facility interest our system production midstream sought is this and of
party will be additional and facility as tariffs. designed to capture third volumes cash well flow The for
first development of half We first the expect Samurai Khaleesi/Mormont to XXXX. the and fields toll flow anticipated in to facility the with
our fields that LLOG. we board well Slide by which in Samurai’s XX, drilled developments by at our successfully Murphy which acquired was successfully from drilled sanctioned adjacent XXXX. Samurai, Khaleesi/Mormont, two was Khaleesi/Mormont two
previously Khaleesi/Mormont XXX the project half years wellbore previously invested of oil of is which in with first approximately a were XXXX. the four well cased over million seven four with drilled. and first a penetrations drilled wells of total of [ph] development six We’ve
expect equivalent with party generating it The million audit more by two XX gross third XX% cycle liquids return confirmed The been XXX will firms. rate of we of produce full next and years, reserves for XX%. than barrels have a resource the is
of synergy Gulf is Quay The third from the will the in second acquisition from benefits lower being in Samurai, located than multi-well development Mexico XX King's which half Khaleesi/Mormont project achieving XXXX less a further start in miles facility. of
Murphy now and enhances increases to to only Murphy. proximity net facility resources operated the the not economics, owned The but recoverable
rate production return in several We a as of over development expect this XX%. project decades of cycle of well, full and
cash runway disclosure for of investments. three clearly projects illustrate and of to years following and of long XX initial the flows timing production a providing the spend all the We're
to upcoming out capital returns XXXX gains laid asset spending Mexico cycle our the Gulf the new requirements highlight their short through base. We've production our in and of along of XX. with Slide projects associated
average projects, generate by IRR six single additional returns. day XX%, significant long the overs and we per upon than an work of XX,XXX runway of work by term XXXX business excellent barrels Gulf and the this wells Overall, equivalent from illustrates growth Mexico completion further includes provided and more with volumes a that which nearly of generate
these that unless of keep in review need a net noted. as production, XX, to Murphy are from volumes to mind operations Slide we continuing otherwise
quarter, barrels be to a flow be which new expect production our equivalents we engine to oil. XXX,XXX generating real third day XXX,XXX we cash approximately As of is per XXX,XXX the behind look to This ability. will
production year This range a more to equivalent XXX,XXX than implies level is between quarter per production full XXX,XXX Our not fourth XXX,XXX barrels equivalent XXXX. we've to per seen forecasted since at day be will day.
base our range particularly, of the transactions This Mexico to regarded Ford is our year remains forward, and the billion enhancing going as to the conducted. Eagle X.XX new of asset years few the beginning Gulf guidance of CapEx at billion the within we've any XXXX baseline the and The that Shale. adjusted past of X.XX prior we've
allocated Approximately in and newly toward reduction months, XX% of term tie a assets. backs Gulf of million range an from FPS. to new Mexico the long $XXX capital cycle tie LLOG the that tightened allocated short of This Malaysia the XX% first of and remainder increase million King's allocated XX $XXX is Quay acquired projects, back are expected towards toward oil to have the includes
Slide the issuances transform stock or while company with We and we've company equity a term and oil more clearly value positioned and new Murphy buying creating waiting closing, XX. with pricing. for creation. In premium long debt no
cycle production executing projects cash generate Eagle in Ford. of high as would Ford to as levels up. return short the with continuing We're this, performing, from significant we well And shale is flow. ramp of Eagle Gulf, rate
repurchase focus program, our paying parity. executing our to dividend, continue maintaining longstanding while and activities, cash we on flow our always, share friendly shareholder As on
over With that, call your the take operator I’d to glad to this morning. like the and to turn be questions
