Jennifer. interest in you, Good afternoon, your for you thank SM and Thank Energy.
exceeding from achieved We with in are acquisitions which execution sheet, results combined operational balance quarter and a of This all. pleased to of excellent a truly report very that another completing a results delivered strong financial the in also scale closing by consecutive number excellent expectations. performance Utah was transactions, financial change step
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to speak I'll will we I objective quarter, each do objectives breakeven year. I on making the to low core start progress our portfolio. high-quality, As are our cost expand for our with
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we have past over XX% core increased by more acreage the acres net than a As reminder, XX,XXX about year plus. by
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towards to extensive and component of that a discusses our sustainability and our operations. I'll is reporting stewardship point high-level of that posted in add operational innovation will technology further application website recently execution the you I
fixed repurchases. debt is equity returning and stockholders, share enterprise transfer of the in form objective which our reduction Our to holders our to through comes dividend, capital sustainable of core third value
$X.XX in share to this quarter, to million we $XXX in per dividend have and quarterly buybacks. effective dividends million and Our increased $XX million returned $XX year-to-date, is shareholders
Following shortly. on currently is our reduction, speak to will Uinta acquisitions, which our Wade emphasis debt
a operational here, closing I transaction transactions like to team would the quarter, excellent to us work. from for the are very was getting execution extensive It Uinta to great successful all and financial congratulate
Before I turn over let's regional Wade, the call at look to highlights. some
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Texas to on X out look XX. paid in [indiscernible] show are good. South Chalk months. Austin continue really outperform, and test all wells continues to The to that Turning bounded Chalk These pilot pleased to we Slide the Austin
developed X,XXX our IP-XX the per right well rates in wells chart, peak reach drilled recent Also, to gas peak our most yet oil on for to to wells rich These earn oil producing wells basis. XX there XX% Updating with XX% the and a are IP reached content X-stream oil results per area flowback area. have rates liquids. averaged some X day newly high liquids from day XX% XX% side on encouraging BOE early not the are of but
up more peak they So build as rates. information stay tuned for to
regional Comparing both Austin Slide we as the over have our South peers. out, XX,XXX-foot and oil time, Chalk superior we laterals returns. XX both cumulative area normalized And Texas to Basin production similar, Midland curves for Midland oil pointed performance Austin the in by comparable and South peers, Texas. our Chalk are to compares in to to liquids approximately and high deliver updated we underscore performance leading as And have ability Basin cumulative the Midland SM's to XX%
substantially have demonstrated XXXX of months going X and first inventory increased results forward. financial better-than-expected outstanding company the for summary, the In performance, scale delivered and operational position
I'll Wade? over to financing now turn to call financial discuss recent third the results, and activities Wade guidance. quarter
