Thank you.
you conference us call. thank quarter our and earnings XXXX afternoon for for joining third Good
My the of Chief is Executive name Wilkie Officer Contango. Colyer, and I'm
are President; Joining non-GAAP had Dakan, Grady, to and an everyone through the the Officer; read Chief that the statements Company's afternoon Also, website regarding posted Presentations forward the Financial LOE Central me Joe & press on this call apply opportunity to tab Events Chief Chad release, including this statements Oklahoma information Operating Officer; to Reductions. the to the cautionary Roller, Chad I looking will a afternoon's our has measures and this Company's call. called Company's the General the Company's on Hopefully, make in reference Farley McLawhorn, presentation Counsel.
scale, pursue manner only with optionality please follow to allows a maintain announced additional that reserves, to structure us as of and of just few you'd to way a maintenance of which it portfolio decline we strip generation liquidity and enhances free short increases pull to weeks bank with we merger of to in transaction little equity, combined comprised attractive along. cash that out Last were substantial in the the oil capital merger to Energy rationalizes us a consider forward opportunities. if continue that as we our capital you and keep requires simple allows able debt So we asset growth entity, this flow in exposure and We very spoke structure what to at costs Pine a Tree, spending. oil low Mid-Con our like ago, Partners. live long be to This up time our an and
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forecasted year, of PDP of this gas $X.XX. $XX.XX we oil production have PDP of at our and XX% XX% hedged at forecasted balance the For hedged production
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did you business we great environment. Central in up In mentioned Reductions And Contango Slide to LOE managing deck X. that that tough terms think results, job of I of Oklahoma a turn a if I please and open slide
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same the year-end we're reserves, UCF XXXX pricing. reserves were to year-end normalized For expecting
year-end 'XX that's bottom, some So at or at that viewing cash roll-off revision, free the production, today's roll-off XX.X minor some you flow, UCF bar that's year. times three the that's during look cash there's from production year-end free basically, of but and flow see XX at that reduction, the LOE about essentially, strip, down chart at
our So just these and very, very by material on increase reserve in assets. cutting to cost base going
specifically strip sales approach the a production able to of We Star the how mitigate a asset then Central process. for purchase at hedged risk. We So term in White acquisition assets were significant in to study and PDP categorized to via subset growth. is XXX the case bench we that near price Oklahoma, discount inorganic
level returns. cut able OpEx field cost without significant of or in we production, the degradation performance Finally, any to operating out were enhancing further
continued tag post non-natural for closing price regard us. focus to paid believe this taken price today safety of it at actions is was movements. the is price provide repeatable, by entities, than We and that lower a creditors, with downward the owned other which to While margin bondholders, process be as against or particularly banks, assets a closing, such
to trades reorganization credit securities. costs WTI results and net the earnings to add combinations, look than short, of unprecedented grow to liquidations, that as volatility on production ask forward of We're opportunities can inorganic bid at the as came executed G&A, in our bilateral almost things assets last pipeline continues guided seeing via opportunities spreads internal either have we add detract opportunities better least guidance value value portfolio, of as in we're be us to to and with evaluating LOE somewhat has the front, of we On accretively. acquisition that continue our has end pre subsided appears to below at Our and control It while we top guidance. from plus narrowed and for been. not to curve. it or the In and to we post during call strong the ever at or low-end bank
both our now and us to best and leverage offence multi-basin that open low flexible will opportunities in Thanks be when give to ability do for value play so. up are in and competitors and the to the to structure unable lines Our of your us capital future I reactive at a simple many allows questions. and this operator, for mandate time for our Contango. approach the afternoon the your interest time With
