is and same quarterly that has it the eventful again call. noting of the call Good morning, I months last started everyone. been an with couple true this
second extended progress discussed, a request sales to near-term have the our to our the While solutions FTC. I'm been challenges has pleased in implementing from continued long-term favorable with process we due
our We improvements announced, Pipeline end path. calendar and of better of the tariff our on expect reduce that put effective leverage. now the year. financial to we that around And in the have with We cost and CorEnergy see an combination a to Omega reductions as systems opportunity the MoGas close still sale already
reduction cost our efforts reducing our cost of team and number corporate a implemented our executive streamlining already, successfully have We including structure.
second visible the application us more of The for near-term beyond. benefits will balance the of of deleverage these setting divestiture and XXXX program, XXXX maturities and to asset debt become addressing our in and from sheet, half up beyond. the our proceeds we plan our actions Through
The Louis announced natural sales May as steady of million and second are XX. to continued quarter the Spire performance serve predictable proposed the demonstrate St. included These our areas. and on operations the surrounding MoGas that gas Omega in entities $XXX of
million actions bank for proceeds We approximately expect determined $XXX closed. our additional sale once to is of off the with further funds of pay debt the deleveraging sale to be the
quarter-over-quarter Turning to seem Crimson assets. anticipated. stabilized in what slightly at last we call, from Volumes was we our previously but to at and indicated levels reduced improved have our
activity given closely in California, and we spite volumes watching likely even permitting ecosystem and are world. believe oil-producing we drilling high-quality reserves higher in of However, in the what reduced environmentally the friendly most oil the is prices,
of the asset which and rest In we a consistent in We industry. the to characterized now, to challenging expense that of environment pressure also a higher maintenance opportunities with into new see transition and cost by right lower navigating new of energy electricity number areas short, are having costs but remedies are labor, the and bring processed to value assets. volumes uses continue our
Starting from the revenue side.
rate for regulated its the of on begun the and In and another will increase on pipeline, the on the increase collection cases rate resolution XX% volumes costs, in a Crimson are with of increase San are previously the XXX% changes based we these interim, to response increase filed its filings both Pablo cost proceed through shippers, on rate at pipeline collecting and while of XX% Both begin the as filings XX% protested service. KLM we'll the announced, expected a by reviewed. As increase and process initial XXXX. have the rate rate CPUC anniversary in date
and We acceptable are XX% XX% to for which always last parties resolution In lead we our cumulative addition earlier QX increase an on to filed system, open to being collected, resolution. filed year. July, negotiating Southern with may to also find since currently our a increase all in in California an is shippers to XX% additional tariff Crimson the a XXXX, resulting
our our seeing Rodeo Refinery pipeline also this potentially KLM PXX year San renewable an We're on and as to diesel. to converts add opportunity its later volumes Pablo
emerge. We are monitoring that closely, update as details more and we'll
is those significant even volumes percentage capturing a for us. However, small of
just For an available we and approximately in volume, in approximately increase or that $X.X million an represents the a approximately increase day, barrels annual EBITDA. revenue $X X,XXX capture if example, annual XX% of million
the fixed leakages under to energy replicate. currently term, in assets volumes challenging transported our are a impossible, These pipelines if long-term While way customers. with state's California rights infrastructure, operate providing and in remains tariffs the asset energy difficult, Crimson that investment-grade would critical be not market the for near of
the in longer challenges climate. for stem current current time tariffs this to required time Our volumes economic from and takes than it costs change the being to change
energy needs once and these properly economy. to come. both operational We in with includes energy and our especially the economy California and believe tariffs volumes Crimson the strong hydrogen aligned, energy are once the transition markets. in in in capture new costs, assets emerging and will and to long belief role a We that fulfill play critical This assets for the new sequestration hold that the profitably California, to more existing California energy significant a carbon critical history have decades
provide carbon replicate reservoirs, be storage even or we asset linkage difficult emission right an between today. Crimson impossible Systems believe prospective large to and would critical sources in away
path market We are parties working with determine new this the best multiple to opportunity. forward in
plant belief energy Industrial this of blue hydrogen play blue to at we to recent is new day per aims XX project, have Kern the and that hydrogen Hydrogen facility. California's The to Blue first a NetZero hydrogen Elk in County. produce field is A good be Hills loan tons of our CRC's significant work expected Park a example proposed our in economy role supporting Cypress at plan
create to a believe with project will with we JV co-invest Lone terravault received in many the Cypress expect Brookfield. carbon exciting rights and is alongside This to the project, first We and CRC's be the it us. relationship an long-term for of
I'll to financials Chris to With it items. that, notable turn other over address and the
