And we’re going to spend based on what the wells tell us we need. And so that’s — we’ve got a nice base system, like I said earlier, that gives us a lot of flexibility, and we didn’t have to spend a lot of capital. We made just a phenomenal acquisition last year of buying the system from legacy reserve and just getting it — refurbishing it back to the state that it was, and I think that’s how we see it. And obviously, if it needs — if the — we need a lot more capacity, I think we have the flexibility to expand the relationship or also contracted if we don’t need to use all those funds. So that’s why we really like this overall partnership.
Bertrand Donnes: And then potentially…
Miles Allison: I think it provides what we need for the short term, but we keep an eye out on the obvious long-term for natural gas. So it gives us flexibility for the longer term, too. That’s what a Tier 1 partner does for you.
Roland Burns: Yes. On third-party volumes there, we own all the acreage mostly in this plant. There’s not a lot of other third-party volumes available out there?
Miles Allison: Well, that’s why the value of the Pinnacle plant was created. It’s the volumes that we have, which we didn’t have those volumes and we bought that in 2022.
Bertrand Donnes: That’s great, guys. And then just a follow-up is on the acreage acquisition dollars, I think last quarter, the update was, hey, maybe we’ve got — we’re towards the end of the program, maybe 90% or somewhere around there. And then 4Q looks like a small step up. Was that just something you saw an attractive package maybe in earlier in October? Or is there maybe rethinking there?
Miles Allison: Well, I think as we go back over 3 years ago and we have a footprint and we expand it and then we get what we call Tier 1, 2, 3 acreage over we classified. I would tell you that even with the expansion that we have, which is nominal and it goes over into kind of not core acreage at all. That 90% of all the acreage that we set out to get as of 3 years ago or 2 years ago or 1 year ago, we have that. In other words, anything that we get from this point on would just be an additive. It will not be the core of the core at all. It will just be rounding out where we would like to add some more acreage if we can get it. But no, at the end of this year, I think the big land grab that we’ve had for 3 years, that is open with in the mineral loaners that we would like to lease from, majority of those we’ve already communicated with — and we’ll see if we can finalize those leases or not.
That’s where we are. It’s — I think that seasonal land grab is coming to an end.
Operator: And our next question comes from Phillips Johnston from Capital One Securities.
Phillips Johnston: My question was on third-party volumes as well, but it does sound like this ramp sort of the 500 and then ultimately up to 2 Bs a day by ’28 is mostly, if not all, Comstock volumes. I guess maybe if you could help us with the starting point. I know your current production is that’s significant because it’s relatively early, but — and it’s not broken out. But — are you able to say approximately what your gross volumes are in the play today?
Miles Allison: No. Phillips, I think if you ask me if I’m going to do a big M&A and double the size of my company, then I’d do a big M&A. And I don’t know what the M&A would be. If I’m out here derisking the Western Haynesville and you know we’re going to add a third rig next year, we have to see how these wells hold up. We have to see how the new wells perform. So that is where we try to keep it simple. We try to show you that if these volumes do grow between now and 2028, we think we have the type of geology that let us have about 2 Bs a day. But we throw that out there just because that is in the model that we have with Quantum, that is not something anyone should be focused on between now and then that’s a long way down the road.
