joining today. everyone, good Mark, Thanks, morning, us and
throughout execution year. market in significant results only earnings the and achievements XXXX year update but strong posted fourth after full operations and quarter, past the close Our was yesterday highlights Callon’s and the not
and to the all a phase worked I like company hard in employees effort over our dedication. thank months set stage the for of has new our their to Our and would for maturities of the last team XX
annual significantly with past our Total on the guidance consistency start our the range, top with strong operating $XXX we as increase EBITDA Boe our cash million. equally for came almost XXXX the of very for three million, leading oil what year. by was year margins increased year. per cut, capital from in higher XX% production D&C $XX.XX of me important accomplished exceeded peer and of margin of continued a cash quick of $XX slide a with Adjusted an review a this at Let the
production targets that a see development the quarter full for late was Overall, can year nearly unhedged decreasing providing We realized to flow target You pricing XX hit per fourth ultimately increase a to in which quarter. we the in for fourth we to on our one wells the one for diluted completion XX brought and a $X.XX guidance the Boe. decrease every third prior in Basin. fourth crew per large XXXX, our exceeded prepare quarter, of in we solid generated net scale despite quarter discretionary including in start as of in cash online the placed December share wells the over XX% Delaware sequential in XXXX
value the doubling positions in to the is component over corner. approximately realized results SEC accomplished you asset after last with drilling four, alone, proved of barrel important that in which equally measured December $XX growth. balance maintaining added the We've hand becoming the billion base a a and contiguous bottom on see What’s $X.X from cash our flow D&C focus driven are reaching our program, but the that of below BOE. stood which production we've has increase point net growth drilling maintaining this, per where million spending Based entity, slide we ensure that of continued to pricing weren't or in with years, to XXst, our simply could self-funding our while a growing, as of and developed is Turning at few clear highlighted on both of our reserve and program in our we’ve coupled EBITDA XXXX reserve activity capital today. profile the we XX almost production generation that right inflection primarily
slide a factor and free five, to outspend flow move our driving Moving decreasing you to see could cash generation. critical
Our group cash top E&Ps. the that have broad independent margins a consistently been of at of
an a While our our our point, bring cost essential high oil and volatility. to starting at good has XX% operating commodity G&A price through approximately down periods to maintaining cut ability EBITDA been margin structure of provides
$XX.XX to time. F&D our basis, XXXX Boe, growth development For capital margin profitable corporate able of generating we've a compared approximately per approved our over to efficient production on and costs redeploy was EBITDA returns been Boe, improving $XX per very
near-term have also and our recycle efficiencies this from sustainable ratio free from from generation, support days on margin opportunities flow cash and established infrastructure cash drilling to completion base. our to improvements We ranging capital improve enhancements, leveraging reduced
identified in by reductions. recycle to operations water that targeting we Delaware to capital able both the be our ad map approximately complete, on in Midland per double page. barrels now across and million We operations will Multiple to reliable management, the are contributing day of are X points operating and mid-year. cost amount recycled projects basins. XXXX, XX,XXX that with On to property the to recycling Spur Several ensuring next and related water these barrels XXXX of water upgrades are of
are discussed mega-pads on our Delaware legacy activity we've acquired larger pads of XXXX the the with and following we Basin, plan, in footprint in with XXXX. success acreage was part both basin, as shifting As Midland to that our in our
also co-development from a delineated intervals. across the system multiple from benefit meaningful resource of term realize longer We from benefits expect savings but transition, to cost
The operations cash our larger sight base. asset point organically we delineation of crews throughout to clearly pads select deploy we're on continue to happening of our also In while as larger business of not is addition, will preserve of of that we've rate inventory the out some maturing I'll the model, completion test our lost you to business simultaneous to seven, replace our potential and Spraberry conversion. Midland Basin middle that last in provide the Basin success over areas properties is Delaware another the in evolving. designs perspective the second slide XXXX, quality part I'll of core the had our how We've XX the shale establish of our to Bone pad high now years. foundation tremendous acquiring in process. of in with take
increased acreage turns that was current identifying acres, looking operating respect, our the position transactions several With not a value footprint, add laterals. in additional which of that interest and of extended and and enhance areas. XX,XXX our with that now smaller focus means net of XXXX optimization current year to opportunities successful that working the trades
call we also our the our that divestitures lease XXXX acquire returns on rights to programs. joined like able beyond. additional assets point, turn hold Jeff, are mineral drilling our monetization for non-core months getting us XXXX We of the about in position and At of And over acreage job to really who I'd to currently finally, Jeff? ago, remarkable and on existing ready XXXX level this three pursuing and are has will increased us and and infrastructure. done enhance a
