Good Mark. everyone. Thanks morning,
performance back total of low our our extremely on of proud performance managing recordable and end solid asset our spin for rate, another teams how the delivering executed, am I Looking record project incident achieving and annual capital towards guidance. bottom XXXX,
operational results. execution safety overview time solid touch on cover plans. our highlights today I some of from And my XXXX our During an provide performance, year-end will reserves, lastly XXXX
I core typical, safety, As which want with operational is our to start to performance.
achieved record annual X.X. about our was rate. rate low company contractor half improvement of rate of record the recordable This was and we year previous fifth the For combined consecutive total a incident and
rate focus without established would been Both great collaboration. in are a XXXX. new injury potential have organization's addition, not low entire serious or and possible records the accomplishments In SIF record we and
to As activity and record redouble safe, at we incidents. for on industry, teams reliable, levels focus Denbury I've operations zero the efficient are matters across that increasing as most our challenged our strive the
end the of reserves proved XXXX of oil reserves, increase represented onto of XX% XXX equivalent. million a barrels to the Moving at end XXXX from
year. from to While to activity reserve million, projects. end as reserves by the $X.X XX% PV-XX any PV-XX this not WTI, Wind EOR oil per and oil, a include other assets commodity which the potential. year-on-year, $XXX the of being XXXX $XX our impacts proved significant $XX does Bayou largely price significant increased barrel of of billion CCA With our the oil of nearly per and change from also crude River price value at our consideration new of barrel reserves our additions increase was we of Utilizing due estimate that Oyster we value prices in approximately our recorded development in a uplift Basin
performed on to as on Fourth of capital pipeline throughout East the completing Our our well well were CCA million installation the Butte the and CCA, Bell focused capital projects. $XXX X quarter from expenditures Hills execution team exceedingly Cedar South. $XX at infield strong infrastructure year, operations COX Lookout delivering Creek of as Phase million
the in cubic into wells, COX the unit did have today, approximately million well. job We X proud February that feet to North COX on gone in completion this pipeline And first the of day. CCA on before Our injection per XX a projects reservoir the Hills year, field has the on South COX Cedar with into pipeline mechanical installation Dakota end underway the the we teams pipeline commenced East the of I'm into fantastic of year. injecting completed announce Lookout landfill of Montana, Red Butte of XXXX. and in last Injection COX injection as and very River XX at November of achieved
we schedule, duration. with in production over still of to second half project EOR up occur are six overall ramping running the production XXXX ahead a month the With CCA of first slightly expecting
Denbury's day some from couple oil. into blue operations. million million from minutes approximately Next, this Of feet or amount industrial-sourced COX carbon covering expansive per XXXX, resulting of our tons our totaled metric in annually. fields a in or I'll COX, XXX X.X approximately COX EOR negative highlights injection cubic was XX% spend
to to Denbury into is of and new operations Shute Cabin the EOR gas focus both annually. A million XXXX, facilities we utilizing amount injected by newly the tons anticipated key on increase increase coming Wyoming our For and from processing is volumes I driven This are to CCA areas. be industrial-sourced COX from COX is metric X.X Creek will developed XX% want approximately metric Lost in the system reliability. that
In years industrial-sourced COX these This terms industrial-sourced the nine our of and integrated being our volumes up Gulf able to providers in utilize record nutrients reliability our planned the take to products zero has first XXX% ago. of track downtime. from essentially performance Coast, COX been achieved sources highlights since air the transport online over of the and flawless Denbury came of system and time
XXXX our some at plans of recycled for CCA those on conversion early $XXX color in Anticipated costs is excitement work, are project injection on equipment and proactively managing as the Interlake were installation facilities, times. shifted for million, the the With cost, lead million recycle mill COX close the Now tertiary commences. COX operational after along in for more the capital XXXX first facilities a of the in tertiary largely planned to with the capitalized including well production due to XXXX at building production total injection accelerated for remaining beginning as ongoing additional implementation production expensed pilot Expenditures COX for we prior CCA. the to and are is project schedule being underway $XX project. project XXXX previously COX reservoir,
things we've largest operating they estimated fully operation. reminder, the will and a new costs that was this number mentioned should equivalent with engage increase blue the and the the team spend three, $XX; three activities. development, total CCA BOE at additional down barrels volumes as undertaken; oil in excited resource made can potentially CCA $XX to CCA non-CCA we As incremental per are as CCA potential million out about development make Mark of am our tertiary to CCA conventional development. a XXX I scale negative EOR XXXX two, development the ever CCUS progress recoverable the BOE in LOE and really the over estimate see bring increase stand region carbon emitters significantly drive per that one, earlier, the the to planned our our by capital field our
is spend capital. of production it part as think sustaining I our
upfront a would As significant COX to will be largely sustaining expect transition club I associated capital capital spend development future completed our amounts. CCA the XXXX, will with in
that Cranfield few of Heidelberg. recompleting wells in East For EOR incremental Soso the category this However, XXXX from stand operations, reservoirs, expand a as we under A $XXX project areas our existing these time-to-time infrastructure to reservoir. recovery producing out of capital different the many development the may we've swapped projects are existing spend totals from East at The Cranfield, supplement. target while involves most could have some and Soso million projects in earnings and plan produce and we Heidelberg listed and for impactful of flood
acquisition the our in year region Basin been for evaluating generating have the Wind our projects. busy of assets last and fields these Following opportunities teams northern River
in first assigned with be XX between is rig to flood shaping years at XX,XXX barrels workover to are volumes capital expect of counts of XX range Creek XXXX range between XX,XXX our the the planned The anticipating average the the to throughout unit and projects. project will year, the oil and of field. weather response also the full-year activity per with XXXX development beginning them year, production Beaver our of Drilling high-end close of coast occurring wells half unplanned for the on second and we is and XX in around the Briefly our our conventional of to per maintenance up $XX rigs to XXXX volumes I rate range slightly equivalent be anticipate BOE. and between in fourth the run relatively first will end our Production existing and day costs from higher over the to throughout year. northern dip anticipated are an into targeting quarter expenses, and with expected grow regions recent but Madison to $XX quarter, a assets. at gulf project both has redevelopment volumes. underway the considering sales operating range to XXXX with than XXXX in work costs highest I reservoir that cap reflecting throughout funded XXXX the and EOR been has impacted of half level slightly large and
our later be to As plan a With how of reminder, cost these LOE comment costs can production fluctuate XXXX the cost, now at and excited it future to a would business by an we just crude next sustaining stands into moderate mostly development return resulting COX to Should range. CCUS high-end update from current growth to our I response to foundation about base on up, forward. and investing levels, oil the brings XXXX, changes I'll at oil XXXX. positioning outlook the stay our hand our in our commodity for want expect fuel, at the Denbury and prices, going off capital I which price the directly am strengthening the about business. impact Wrapping expenses. power on I CCA XXXX respond year, COX for and in a production starts CCA stabilizing are Nik closer to tremendous as in for which levels as ourselves