you. joining Second for Quarter thank Battalion's Call. I'd also Earnings Thank to listeners like XXXX
because to was making XXXX, to which have forced been put that for a second quarter it plans in The hold progress growth up on tremendous point. particularly difficult us on our we
to ability brighter team's remotely our of proud am on a I keep still to business future. work our However, and track
During office and continue health the home, field second to quarter, operations we the our ensure safety entire of the Houston and in to conducted corporate our implement workforce out protocols day. from every
impact so COVID-XX our in first held that in our well Houston and battalion to operating the we the food donated areas. had community, drive a in responders field as as has also We sanitizer rallied hand recognize
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our the which a quarter was day, market we to Due for to result, spend quickly production less ability for by react capital represents reduce quarter Oil quarter-over-quarter quarter. were the to XX% conditions, barrels average production per BOE As per day. production XX,XXX daily XX%. able than the first X,XXX net was the to team's
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million, a quarter We second quarter to a G&A the oil the the June. That BOE $XX XXXX. price, of flat $X.XX. in XX the a see at $XX significant net was compared last second of compared the $XXX company Adjusted ceiling as Adjusted prior EBITDA was quarter-over-quarter test continue $XX BOE XX% including year. in for million. share around G&A common of full million a reported also considerable for The per of $X.XX cost represents the basic impairment growth year. in and reported drop $X.XX also diluted million quarter last to in to per to loss second of of company stockholders savings net With trailing per months was and a loss EBITDA from the end XXXX of
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manage Looking have we to pull to a of levers ahead, number liquidity position. adequately our
existing For our example, we thereby, to by hedges $XX well between our cash weighted value without accelerating hedged from $XX barrel, unwinding remains average quarter underlying our advantage position. and PDP strike which this lowering per take able XXXX of price through were our and
$XX As of approximately June XX, derivative was contracts million. the XXXX, of mark-to-market value
assets had to monetize as the and allocation core plan. also block decisions, capital original our difficult tackle We noncore expenditures to cutting by in had capital XX% our total make as to continue we from We've ability areas. such
have strengthened It through benefits found all generating to in price by we in activity for significantly stakeholders projects today's belief continue deleveraging success still M&A scale opportunities. is preparation agnostic numbers. identifying as responsible as in that a future However, merger environment certain pursue well our
interest flow I times. now turn As to free we in over And been the steadily to questions. Battalion, return the our have as cash continue optimize these comments. foundation base through bit to That will for challenging next concludes our we again, want to for generating year, it await prepare drill to business you currently is for for and and it as and thank a able prepared our operator your serving we'll
