Thanks Jim.
these outlined just on XX. the the presentations wanted we Carrizo reiterate But future differentiate our how of In the I opportunity many after companies. our statistics to combination regarding is previous of acquisition, take the Page two to
the and provide that combined model, total well enviable development high of Permian locations are runway for doubling our Permian for any mega inventory The of quality of Delaware an opportunity operator. pad core suited footprint
and production double than leading a high preserving content margin more also will base a profile. cash oil while our We
flow meaningful undeniable to and in XXXX, basin, overlay capital and enable supporting In Delaware economies free of base activities cash efficiencies repeated us that accompany way, and in more especially development mode. to cash from large scale generation flow the will addition in manufacturing the benefit immediate this scale a
from near is it for further Callon the a a time producer, development and steadily free And improving looking these drive a shareholder aggregation the in cash will with Sustained to term returns $XX and leverage future. matures. over of to means upon capital a other breakeven on basis ability XXXX, our into metrics improvement commodity value lead to our our profile, flow XXXX opportunities itself in step reduction, as at what change in model scale for and build driving $XX development corporate reduced from as standalone
shift structural simply, enhances regarding corporate being also The it shareholders, put through To investor industries. capital our competitive this important market clarity greater on commodity that our provide returns that will what's truly are durability with fluctuations. to
I've dollars several two of to clearly in which buckets, are synergies manifest the talked these to primary efficiencies of identified of from wanted Permian ultimately cash improved amount, total generation. with benefits run summarize of million from free operations and balance. cash large Basin, transaction G&A, the to cash and We've $XXX million pending development our approximately that flow for project $XXX terms how annual the rate which real increased comprise one-third accounts simultaneous in and generated
larger over with alone a of program well for from share This value, productivity over equity combined or providing an that, MPV per represent our Delaware the XXXX our XX% we The synergies top capital of incremental combined on cash on times, immediate not current projects million broader the footprint. starting laterals of have cycle On Permian dependent expanding base efficiencies reduced time. and demonstrated accretion. ability with to sizes solid improvements the $XXX is in lengthened and to does G&A
benefits infrastructure we proven aren't our and water upside acquisitions are refinancing these but and primary our to opportunities prior These savings real in provide buckets synergy have captured our as estimates. in as shared from
are takeaways Slide XX breaks out here detail. key The in clear. the more operational synergies
direct about level base not acreage synergies are Our overlap.
frac the of overlay the our leverage a need do both from crews possess capital you infrastructure repeatable and on critical and contiguous and that incremental combined an footprints unlocking companies value Delaware development sustained centralized business, run multiple we're basis. to program mass While scale to expanded which rigs reaches
synergies simultaneous target foot operation, frac project operational we D&C the demonstrated crews After to Delaware component similar six capital wells quarters, the over where several of two of Midland projects XX% developed the over from relative to Run decrease our hit savings last Rag basin recent This our the we year. started in we the that bucket in a per in needed to savings. for Basin and this the is X% lateral X% level using
deferred. disruptions wells is volatility have sizes, With children reduced financial future organizations our strength downtime. project are is industry production over and to the frac and isn't operational and time. parents to eliminated our offsetting larger consistent more results benefit operations production of key that and generate developing and Key drilled as manage Another from revenue commodity price future that flexibility
with proved footprint and tremendous production provide of Our reserves Carrizo and of on than operational pending a doubles a XXX,XXX acres combination amount shale net and premier two plays. our more flexibility base
the XX, some their Slide our advantage already agencies credit strong comments. in appendix resulting credit competitive the of our larger, also of a strength. highlighted clear profile. we’ve by On entity the in statistics that elements credit being illustrate been in have We’ve the The improvements provided financial recent recognized
metrics a absolute stand leverage pro that improvement front by driven meaningful reduction debt we similar from cash forma with flow free profile. as and entities combining path today have dramatically improved through clearing here on We
With outlook, cost this improve the of have improved ability will credit to through we refinancings. our opportunistic capital
As we've times. opportunities additional will monetization our opportunities debt advance and multiple also we leverage create term below reduction already announced, sources target from near progressing two asset are further that
up corporate the a over few top to returns. efficient the years of at flow prudent past that by those we've of a from turn tier a assets effectively investors acreage Slide to can into positions outset cash operator and Callon tier capital evolved summarize, crier top the level turning we has to execute finish provided to XX. To I'll continued the year. plan
areas our We matures. with understand optimize capital to programs both that protect to we our structure, compete our commodity must action that continue compensation create cash within outside our sector, company durable that end, capital. of exceed other with align opportunities our have investible investor fluctuations and as and taken our flows returns proactively to focus cost To from executive we
this We are going by maximize to also several evaluate have two evidenced was examples strength position our shareholder page. clear focus been options been of the last as we clear from over value. on strategy in consolidation the and and our years They've to a coming our
firmly stated a all that objectives for Our as our acquisition our positions board and management team company pending of and the advances stronger believes future. Callon
base value supply as producer. We that believe unlock Carrizo a our our Permian shareholders and cost transaction that improve also recognize to from the all-in commodity additional represents unique of asset opportunity a
Despite vote on our strategic our sentiment, to this shadow transaction logic ask of all equity support you days. we negative a cast market challenge of industry, a and in the shareholders and your coming compelling acknowledge the this
to remarks. to the over here going call briefly. going I'm That's back to conclude turn our prepared Mark
