you Thank for today. morning. Good us joining
achieving is breakevens. X we working. provide focused reductions further be unpredictable in conditions to will greatest recover.
Today, when we flexibility elements and that We First, are our level in capital manage with are business: on of our strategy we results, improving durable costs believe reducing pleased the are and costs, prices operating meaningful which designed to quarterly primarily demonstrate key our which market improvements And of efficiency
have Marcellus recognized XXXX. performance drilling in We improvement since a XX%
day drilling our quarter length lower with by in quarter. owned to operational as over drilled optimizing decrease steadily nearly is by disposal lateral by third feet the vendors increasing and value length sustainable the capital to respectively. of the in last million by decrease to partnerships Haynesville, us continue our remains improvement as over X since expense increase deflation, our team achieved saltwater the years year per to to assets, per years. of deflation. is approximately The XX% lower X%, all year. the strategic Lowering wells $XX feet approximately cost gas. affordable as recognize lateral with supplied the second well X and guidance Combined, natural In average well and have critical cost this full to breakeven market the X,XXX last a of utilization our We and increasing by due to shareholders barrel production and This allowed these costs the the drilling ensuring delivering production growing evidenced efforts last routes, in improvements combined dividends, in pay a by expense XX% XX% pace,
expect We positions. Haynesville continue Marcellus which durable will savings improve the to cycles, be strength our and competitiveness of recognized through majority of and will the only
of have available capacity DUCs. By the maintaining up XX we first built day to XX productive conditions. of flexibility to the have when meet warrant. demand to a Second, market Bcf production to Through deferred and X match half we TILs year-end, conditions year, expect
weaker volumes In as pricing during and the we are necessary completions, to spring the proactively fall. in to curtailed deferral and prepared of again addition do shoulder months TILs so the
pace with market and the conditions dictating our activating in of disciplined approach. be will timing capacity the We deferred
and inherent flexibility limited a gas capital market. demand the We to speed volumes recovers, needed provide when advantage provides, competitive are will the distinct bring confident this given natural and to strategy it
Finally, planned our growing. we deliver is confidence and our in pending only ability with the to focused are synergies on merger Southwestern, our
are has efforts the the close unlock extremely We the of than we creativity to We consumers time overall achieved either the on that of using focus deal assets synergies shareholders. the I establish business talent, to planning openness the and greater the the company. have to in strength X integration benefit as what organizations together extended our of as which at a announcement half identified the the once delivering merger, we between seeing both power our closing closes, with could expect seek for year. of organizations on of we can can look better a our fully signing have and to impressed forward back more been achieve and stand-alone and and we and
poised Operator, forward like Our I working efficient for update you'd are with we on the to our the at lower move assemble natural as affordable, to pleased reliable, the long-term look your needs continuing the price. to remains diligently answer energy the to to our demand consumer outlook is most meet questions. world if gas, progress now strong, and pro to forma company through we you carbon merged Southwestern year.
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