everyone. Thank you, good Bill and morning
a First, combined I our and years actions. a of comment for corrective and in and year, congratulate several HSC would route to like personnel delivering and further our office great analysis as field rigorous best quarter result quality performance
and availability November Our fourth quarter production into beginning Hereford in the outage across that of December. continued outcome impacted by the in midstream late power heavily that was region
This Section an end over our end of XXXX. operational XX to meaningful the audited driven This XX% million barrels in support annual guidance of Southeast outside our our disruption us reserve pulling The increase strong allowed Wells. recognizing by XX% a of a development XXXX execution economic an bookings increase till additional production of year production baseline increase and engineers. provides fourth equivalent, reserves our of drove was However Hereford success quarter and production year by to the by the spud grow with lower activities range. in oil the crude XXX full reserves
Southeast shallower development supporting X and declines Hereford our wells curves. Section and Southwest to well in perform continue exhibiting
refer XX corporate would I you slide to and updated our presentation. now
approving. XX Section As exhibiting all in per XX-well Section XXX field-wide average the days The is wells, initiated highlighted wells DSU is positive each ensure set by wells. as well returned wells productivity, strong development rate attracting wells, extreme have trajectory. and outage a you These the well weather. is This higher to by can this production attracting XX but not see, did the XX recently following to after winter XX% and power of program wells recover to wells of oil days. production production over from XX% of surrounding XXX continue with clean Section earlier display of Southeast caused post-work cumulative work each up laterals above on the after as initially open We Southwest still
performing ability performance enhance rate This our to completions higher better program is Wattenberg, than and achieving drilling from At XXXX continually fluid strong of a return. earlier value as by delivering we’re well wells. our intensity our Northeast demonstrated highlights program were assets materially XX%
with seven recent on more last fluid third by in DSU quarter. located the X-XX-XX, are intensity placed flowback high and highlighted completions completed Our operations wells
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moving the operations. Hereford, This larger to program stimulation barrels sand wells. incorporates XXXX the (inaudible) cluster our program. our completions resume at completions and quarter we volume (inaudible) loadings XX of Significantly program methodology a foot, completion optimizations on with and in XXXX. are design activity medium first Now, At XXXX on development pounds, the among with X,XXX from simultaneous those
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make the the initiate any rig evaluate new operating XX And we beginning year. to design plan the are in of the process these of we currently in will performance quarter. third the drilling, and quarter, of DUCs. one up indication We're changes in first wells XX and operations to spud to expect continuous wells during half second complete drilling the We at completing Hereford we relative
corporate oil resulted come East as North XXXX, higher activity lower on wells online. Early GOR Wattenberg these overall percentage
trend field company Hereford utilize committed second environmentally The to produced natural development XXXX. an of this at we responsible Both gases as water energy manner. completion employee is of was Northeast reverse Wattenberg expect full programs We half completion Hereford there begin in our reduce for in and continuous of completions producing and fuel, to techniques. the
sustainability all We innovations and in wells. incorporate the focus our
of in in we're of and of our divesting portion a acreage non-operated position. all Colorado smaller process constitute Wyoming, our assets New Mexico, which the Finally, overall
is have during proceeds approximately We sales. second $XX on expect XXX million, of quarter. the transactions separately parties times The and in approximately to bids from the bring which cash these borrowings successful Mboe flow. to is aggregate, guidance In three revolver these these sales average will to loss expected XXXX be seven accretive close and multiple received production used expect we our year from the net repay
XXX, in XX% expanded We leading wells. to developed economic our HighPoint multiple Resources, production Northeast at high of our we first to successfully return, summarize, completions drove To program development reserve versus XX best year our proved increased XXXX, DSU and XX%, Southeast rates rate EHS our the demonstrated across year Hereford we full at volume with the base lows. incident
conservative of to we're on XXXX capital free We and rate guidance. the XXXX, our look within updates future on and on program, return year performance drilling For cash delivering on focused forward flow. generating management full positive providing
for we’re questions. Operator, now ready
