Lloyd W. Helms
Thanks, deliver disciplined targets. capital Tim. the cost targets delivered our we our is program. our quarter, all XXXX the production above at growth about forecasted and maintaining or first groundwork to well laid In have
and in rigs operating first the increased about activity six the delivering of operational I'd X%, on cash importantly, our growing total of well billion, $X.X maintaining XX%, oil reducing expect We for still XX%, year cost from capital to $X.X double-digit flow, highlight. are rigs production employed. reducing return average basins. capital XX most billion production like to producing There about the We quarter XX to earlier are full-year number guidance a debt, growing and now We free are across year. accomplishments
curve of coming In Our to more. completing of value were Delaware we production profile the In plays, the operating operational moved Eagle year. over efficiency In with the of teams X in both multi-well wells larger were moving will that in in half the XX be wells our or new packages our each is to will in over laterals, seen results sustainable net those that more more. the area more the or deliver of improvements maximize programs, efficiency wells week of full improve to Ford, XX of in be packages rigs our several development XXX a well the which as to in yield wells of guidance. weighted to larger About half competing with quarters, last benefits up sales and wells development are our longer from in in five the Initiating quickly learning quarter. second larger rest packages of the in than Basin present production fleet six packages year we acreage. packages brought the net the this the can wells two-thirds of our the year will
quarter the month other efficiency, equipment number will pumping result, completed This to be our than year. anticipate water, meaningfully weighted we this each improved any quarter the allows pressure wells a growth utilized cost. As crew. to increased sand, the reducing more us facility we this year. flowback by lower And our continue per third completions completion heavily and finally, of to option consider the We that
a bottom to successful There true business. last And As reasons of made are we at Year-after-year, the whether at a first we remain a cost result of for deliver that Controlling quarter, costs. to that commodity able we good control will reductions few the well cycle. our we X% earnings we is the targeted that. we or able discussed progress during top key confident is costs are been have consistently call. the be the to
valuable earned industry, benefit and conditions where in multiple past factors. market services almost the quickly XX have lessons analyze plans provides our experience their given have our the NGLs, the experience to growth when oil, lifecycles in demand industry. foresight. the to having These years. to forward-looking hard and see changing anticipate the and might First, plan ever a unique us very many we takeaway, from gas other adjust decades That We over for take we for two worked through relative of and tightness basins the
sourcing Second, in over efficiency engineers the any and given or and completing area, from innovation. those more invest scale efforts in-house. if Drilling ideas of several That talented at our money over everything is provides how better self-sourcing those building water our drill The benefits procuring gathering unbundling and, we advantageous, pricing own of our well as infrastructure get also materials wells. It to drilling as to for wells we wells generate the hundreds the opportunities. operations bringing allows services time directly into raw manufacturer. us from and includes and
grown capabilities self-sourcing now and include with started drilling tubulars, Our chemicals and sand to mud.
much going Third, get committed degrade others Low by in we we hesitant paying or Financially, low to to occurred industry exactly profile when our fast sheet. avoid last we so to services return services we're us both at what in business conservative lock debt too inefficient. that one to allows the Operationally, may operationally to balance capital. with a and when allowing run E&Ps scale financially. This of is combined to as to we for commit year completion start do a to ourselves a willing the so. few be able were cost commit spreads strong
to of multi-well fracs pads XXXX, services Looking optimize We'll package in ahead operations with to our opportunistically speed increase engagement well by and proactive continue zipper to transitions. will we'll use size suppliers. and well which continue and also lock the
optimize further we reduce our water see program use sand to accelerate to opportunity Finally, we and more cost.
who many reduce Yacob the will improve into the these XXXX. line Eagle into you and turn and efficiencies more on of call plays. sight Delaware I'll and cost have update areas to over to well Ezra Basin Ford We
