Stephen Riney: Yes. Maybe you could kind of help us next time we go talk to the rating agencies, but appreciate that. But we feel like — well, we talked to the rating agencies at least twice a year. We are investment grade with Fitch now, and we’re on positive outlook for an increase to investment grade with S&P and Moody’s. We have talked to them recently. We’ll see what happens. I think we — as you’ve kind of alluded to there, I think we are due for an upgrade. Hopefully, that comes in 2023. And I think we trade — I mean we benchmarked very well compared to some of our peers that are already investment grade. So I think we are due for that.
Operator: Our next question comes from Jeoffrey Lambujon at TPH & Co.
Jeoffrey Lambujon: Maybe a few on the Permian ex Alpine High. First one is just on what your outlook is for productivity out of your Midland and Delaware this year just relative to the last few years and relative to internal expectations for what’s left on inventory and then what aspects of the program operationally you’re spending the most time on today from a design perspective. I think you noted the 3 milers earlier, I’d be curious on how you think about the mix of those in the program over time and how much inventory that might apply to and, again, if you’re thinking about any other areas we’re spending time on.
David Pursell: Yes. So Jeffrey, good questions. This is Dave. On the 3 miler question first, we tend to like to drill 3 milers where the acreage is set up for that. It’s very capital efficient. We’ve been able to execute those really well, both on the drilling and the completion. So where it’s possible, we’ll do that. But I think you should think about the majority of our portfolio or 2-mile laterals. So the typical well is going to be a 2-miler. On productivity, we continue to — the team’s work and study and try to squeeze out productivity gains on every pad we get on — and we continue to have pretty good results with that. So we’re — I don’t know how you think about that externally if we’ve got some — a pretty good process in place and feel comfortable with it. We’ve got a good methodical pace of drilling and completions and are pleased with that pace at this point.
Jeoffrey Lambujon: Great, Dave. My next one is just on the sustainability of that productivity that you’re seeing today, you could frame inventory depth as you look at the Midland and Delaware individually if we just kind of assume maybe the current pace for starters on an annual basis. And then I’d also be interested in how to think about steady state quarterly run rate activity as we think about next year, just given the shape of the program this year that was referenced earlier in the Q&A with that dynamic of Q3 completion count in the low 20s and Q4 going into the low teens or a little bit lower exiting the year.
David Pursell: Yes. So inventory, we’ve consistently said we’ve got line of sight kind of through the end of the decade. And we keep adding things to it. And that number will move around over time. At the current cadence, I think you could look at the second and third quarter activity pace and roll that through into ’24, but we haven’t really given guidance yet on ’24 on what the capital program and activity would look like. We’re assuming that we kind of hold serve on productivity gains. But again, the aspiration is to continue to squeeze more out of each completion.
Operator: I would now like to turn it back to John Christmann for closing remarks.
John Christmann: Thank you. Before closing the call, I want to leave you with the following thoughts. First, our asset teams are executing well. Safety performance continues to be good, and contributions from our drilling programs are strong. We are managing the portfolio to optimize returns and near-term cash flow and keenly focused on cost control. Second, we continue to make good progress on our appraisal program in Suriname and look forward to sharing more information in the future. Lastly, we remain committed to returning at least 60% of annual free cash flow to investors through dividends and buybacks and believe our stock is a compelling investment. We plan to participate in a number of investor events over the next 2 months and look forward to seeing you. Thank you.
Operator: Thank you for your participation in today’s conference. This does conclude the program. You may now disconnect.
