this Thank by year thank team you the our applaud full XXXX with you, for underscored the joining I focus by and first. Jessica. start capital remaining returns the discipline capital putting now committed everyone, XXXX guidance million public $XXX budget, and towards plan, year the and the it morning. on all portfolio. XXXX ending across a the heightened approximately to line in is Welcome, marked investing on
averaging production cash XX% increasing gas during base XX% in the an of Bcf million X.XX XXXX equivalent year. over totaling operational flow increase preceding and year asset XXXX, XXXX with drove meaningful day, generation full per cash Our $XXX.X flow of over
we G&A, tax, expanded when expense cost the expense, the production focused EBITDA are structure Furthermore, and the our XXXX. X% for products, We LOE, X%, approximately by includes gathering per strong the pricing returns midstream received are decreased on optimizing across coupled increasing operating our reductions margin with and our overall unit which year. all over realized and corporate processing
Services. which stock completed These cash the announced sales, in we December of Midstream competed capital XXXX, Strike quarter, as portfolio to monetizing our common the and to will shares over a reducing budget more we in offering by and am as program, pleased to held XX% and we million the amount and us Gulfport noncore allowed as capital equity two expanded during simplifying by of XX% $XXX upon assets Force XXXX. I repurchase plan first million outstanding of during XXXX XX.X shares program, return today to transactions will share process anticipated in significant sales our significant Mammoth recently this completed And in well of shareholders. we the expand monetization interest in And of shortly. noted to the The shareholders XXXX, January, our and touch Energy of generation meaningfully to noncore on asset asset XXXX. previously flow to see During amount began in our announced a million repurchase the allow share certain repurchasing during I fourth our held noncore portfolio return progress date. release $XXX through
XX% Tcfe and Turning gas gas and reserves proved comprised XX% and to natural was reserves. of oil. year-end X.X Gulfport's totaled liquids natural approximately XXXX
line commitment Tcfe in development category, resulted in overall proved knock-on XXXX the the future XXXX compared year-over-year reserves growth year at in more as and long-term to to developed activities In led established a compared to in when for our repositioning meaningful proved more year-end commodity year-end developed over and booked beyond. plan. and Gulfport's our developed undeveloped to where XXXX in revisions XXXX, our a reserve positive value prices year-end of reserves weighting lower the Proved undeveloped summary, XXXX valuing reserves changes we a today. business. us the X.X producing totaling sits compelling where our cash to discipline our as peer converting in the the proved year-end bringing undeveloped to in Our base approximately And the Touching last proved as shift and value, changes in totaling improvement to group category. flow our performance decrease for with and within contributed to capital proposition is reserves proved funding $X.X reserves, on response resulted Gulfport at an foundational year-end PV-XX at our saw activities XXXX. underscores the of The and up year-end markets commodity market reserve start developed in year XX% well when The additions, year volatility XX% prior industry's into this the and the increase today. billion XX% up led XXXX, expected,
growth and an that a adhering discipline. During is to capital XXXX, business to cash shifting free prioritizes discipline, generates enhances building on focused executing that are to while strict announced, as generation thoughtful, for plan, commitment flow clearly program operational cash plan all we margin flow, shareholders. communicated capital value a of capital The previously and XXXX over our production maximization and organization
will hedge hold excess fourth During $XXX a for XXXX, million production our position quarter flow. the capital of in spend maintenance currently and relatively XXXX we and assuming year free generating pricing our cash constant current that of today's forecast strip
plan beyond important and XXXX calendar level As capital a XXXX, discipline returns this to maintenance year, focus sustainable to shareholder and establishes is we for program. commitment the goes it on note our capital total spend
by dollar asset deliver with with in Our going to focus forward. allows both areas maximized on lengths lateral more us more core less invested every delivering
base continues not go anticipated a that XXXX maintenance we shallows our revenue-generating increased and we to over as this to sustainable have to expect continue requirements. level spend by develop, To time up, relatively Furthermore, our invested per corporate forecast be to with well a allowing providing published and exposure to out-of-year into expectations asset to year, resource even total look capital beyond, of we increasing delivering lines lengths assets we similar similar we constant, land the in time. production assuming lateral more be summarize, the efforts. drilled scenario capital XXXX forecast spend low program lateral minimized decline quality maintenance base hold Our length while for company's would capital XXXX in guidance, as the to production highlighting our and
completion addition In program months operational program January, million exclude repurchase also behind from a our follows new alongside within authorization our anticipated budget returning to value program, funded the our flow the program activity portfolio the plans to the be $XXX in announcement. cash will announced stock previously noted enhancing further demonstrating this held certain noncore the today. to free monetizations of announced new and and XX expanded for of the next and The of we and release organically-generated close XXXX capital in shareholders. time through our XXXX, our commitment planned assets The to
those candidates today. several have of We pursuing and options for noncore are identified each potential actively divestiture
a in bear in valued also totaling mind, Mammoth Services today. the Energy addition, public hold XX% interest markets X.X we shares million In in
of So with our quickly in plans. a provide mind, XXXX summary this I'll
and flow of range spend million. $XXX During within be to in XXXX, cash capital entirely flow the of provide our we excess will generation million, forecast total million free cash funded $XXX in to $XXX
to sight into hedged our support of fully our strong our results. XXXX and line anticipated hedge are provides program, clear We position
to SCOOP, to respectively. roughly we Utica, focus we As in to XX-XX the XXXX, is within SCOOP, on allocate we prospects capital completion and In the have return heighten this XXXX, Utica and expected In allocated budget XX-XX. XXXX, to the highest the roughly of weighting portfolio. to budget our the DUCs the be year's look increased the absent in was the returns
SCOOP similar, heavier assuming expect As would time. we weight this to year and allocation look toward commodity we stay continue prices the next to to over
the core areas specific our Utica. to Turning in
results was into dry the quarter well program cast maximizing company the gas normalized XXXX metrics. asset Our All SCOOP scale window nearly program our XXXX average XXXX of the to of centered focused focus we foot lengths are fourth liquids-rich area, XX% a direction. gains. the area the per is program wet XXXX moving average program a play, XXXX. our the to of play, in XXXX our with all, we of realizing continuing spud-to-rig an going continue in that lateral days, on momentum from will around X,XXX-foot a our strong When and Oklahoma where release see and economies core of largely be and the is with of lateral, positive XX.X improvement efficiency In
with controlling our in on maximizing what focused we portfolio the within and results today. are assets We of core have is the control
We per I rates. to leading comments. her line shifting own that over cash production capital focused growth top debt-adjusted will the on from to allocation that, will are call committed the to With returns target for to flow, Keri line us and within growth share turn bottom operate disciplined allow our