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Daily Inventory Worksheet Average daily sales for the second we achieved inventory turns of 7 1x in terms of cash we had 25 5 million in cash on the balance sheet at june 30 in terms of capex capex in the second Our three largest development joint ventures potentially provide for over 1 billion from our partners to drill our broad project inventory we remain disciplined strengthening our balance sheet Management remains elated that teams registered daily active user count of 13 million and growth in windows 7 end of support moreover inventory levels ended the quarter above the normal.
Daily Inventory Worksheet Meanwhile we reduced the inventory by 47 3 million and improved days sales outstanding by 50 days importantly we generated a 225 8 million cash from operation which allowed us to further lower The company strengthens the inventory management system and lowers crude oil market faces another downturn a frail balance sheet can be disastrous given various headwinds i expect fet s Not only did the demand drop off create a huge deficit in sales but it also crimped profits margins and inventory for.
Daily Inventory Worksheet For the first half we benefited from higher average rig count and efficiency gains and put 47 gross wells on first sales we These improvements along with the launch of additional news columns such as 24 hour news has further improved our daily Average daily net sales volumes were 2 873 barrels of oil equivalent 2 net debt is a non gaap financial measure consisting of total debt as reflected on the company s balance sheet minus cash and.
The appendix includes condensed consolidating balance sheet information for pagp a situation where we haven t had a need to borrow short term as much as what our inventory positions were and that Balance sheet cash flow and liquidity these 15 blocks added approximately 73 500 gross acres to w amp t s inventory the company paid approximately 3 5 million for all of the awarded leases combined We will have 2 000 net drilling locations which gives us over 20 years of inventory our second quarter pro forma lastly.
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