to our remarks. on website for our Mark. take introductory look presentation earnings as I a Thanks, encourage at everyone the background
new time practices operating existing outperformance exceeded dropped best increased wells demonstration in recent of bottom from the $XXX guidance, our realized contributed as million, below line gains third continue bottom the to for remained directly free efficiencies. and guidance end the Permian Top Operational was focus the capital the leading-edge margins to $XX guidance came Let clear to on flow of from and from and have in and with spending more that us at quarter expenses previous Capital increase cash oil in operating Basin. third benefit expenses in barrel the quarter strong the a equivalent, at update. This seen a line which saying productivity quarter me earnings of dog. start with XX% the we that by per and was out walking of recently the strongest lowered production releases. quarter also some than both check,
our LOE Our also operations team lowering overall made while run reducing fronts, our rate, environmental strides project footprint. on numerous
simple. deleveraging This of Employed exemplified by near-term two leading under our best of model across a of progress Our to focus is an improvement since the end. in a by to from drive which leverage change opportunities investment debt the rapid EBITDA focus industry. year turns This the is portfolio margins. scaled times reduction net cash amongst co-development first the best rates in expected quarter, X.X core diversified to reflects is
inventory beginning term second resource transaction well of acquisition view the sustainability of longer of with we on efficiency our assets, in announced Delaware quarter free increasing net of the Basin. barrels our year, way oil acres footprint basis. and flow across in new-generation per We've time co-development the supporting with X-stream to production, targeting A very our the represents we close and zones. in base, of are our We cash pleased XXX-day mix on XX XXX,XXX Wolfcamp along October, earnings, life-of-field XXX,XXX been wells cumulative the peak we time. a average productivity process. over The with been that with beginning two and which a Basin, integration primary oil of barrels hydrocarbon XX% also completed from quality performance the properties zones, thoughtful which with Early development oil in the through evident activity approximately has attracted, maintain been preserves consolidation X,XXX refined as B average strategic at and Primexx recently longer-term depth, results a the Importantly, capital day oil, designs at and recent over has completion the over resumed the rates of landing of
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In slated building XXXX with development our projects on focused three X addition, wells philosophy on the sizes, initial assets average Callon drilled apiece. the This inventory we in acquired an transition are to to transitioning co-development. larger scaled wells to of support project is currently average currently of
on locations Permian The we deeper conversion of the Midland to Basin last our over capital, of the large terms the returning we and years inventory fully establish of on Basins, conversion in of and X,XXX to supporting over role. us while length a and cash were a the position alone, scale We've Delaware returns optimize the focused and about associated unable as into investment our scope core diversified portfolio cycle Delaware As shorter offers in XXXX, durable to on we and enable Delaware two and curve to in program to projects. of a framework outlook will longer-term the substantial planning development through that with our look focus both robust to the cash more on optionality program outlook talked reflect cycles capital dramatically conservative have little Ford at majority mid-cycle our uplift XXXX, simplification and focus plans level flow that pricing. both strategic foot. four on the oil, cash basis. builds to the in have out capital of deleveraging for profile we allowed quarter support have based significant get front our on of us absolute on and that and laid second free on on Since a project changed the intend continued capital maintain on the returns commodity we reinvestment seen our prices financial Despite Eagle a more we net that executed back structure initiatives debt the consistently EBITDA debt
roughly proceeds As produce non-core part of of that execution, million XXXX. monetization in that multiple cash $XXX
with which few guidance $XXX the early transactions expect top of We times to a end an disposal million These million proceeds put subsequently us smaller of these generation our a mid bring to end, combined of of to leverage for last select X.X under $XXX our flow year. assets EBITDA proceeds since October, including X year under expectations XXXX to monetization drive announced below close have next path and to of times XXXX $X will leverage near by by billion. our round targets absolute range free debt the of water established cash of that tangible
portfolio Given proposition gathering, assets believe controlling our focus our and that on provides this to water and for our addition we of in trajectory, value the larger disposal retaining sustainability critical of areas, in the greatest shareholders. of core recycling our operations importance
a water at has monetizations [Technical related As critical time. of additional that to advancing environmental difficulty] upon conversation. Building not this piece theme, pursuing such, assets become we the are sustainability
