Phillips Johnston: Sure. Yes. Okay. And then maybe a question for Roland. In the first half of the year, you guys were helped by some fairly sizable working capital cash inflows and some of that, of course, reversed here in Q3. Just wondering what that might look like in Q4? And if we assume you continue to run 7 rigs throughout next year, would you expect working capital will either be a material source or use of cash next year?
Roland Burns: Well, there’s 2 elements of the working capital change. And one of them is spending levels, and I think the spending levels have come down from where they were earlier in the year. So you see that it lags, it’s like a 2 month — I mean 2 months really lag between cash numbers and — so I think you’ve seen that impact of spending. So I would think that working capital will stay from spending will be kind of — won’t be a source or use kind of going forward because we’re now kind of at the 7 rig level for a while. And then — but secondly, the other element of that is all gas prices. So if gas prices are higher now and we’re still receiving gas from 2 months ago that’s lower priced. I mean obviously, it will be a — that lag will be part of the working capital change.
So obviously, we’re hoping that gas prices keep going up and you’ll continue to see a little bit of a negative effect of working capital adjustment as you continue to see higher gas prices from the quarter before. And that’s what you’re seeing. With the lowest gas prices we had for the year were, in the second quarter, third quarter, they were a little bit better. In fourth quarter, they’re a lot better. So hopefully, next year, they continue to be better.
Miles Allison: I think that we’ll go into the hedging position. We did add $100 million a day of hedges, which were swapped at 355, I think Ron, is a good number. So we did that in the last probably 3 or 4 weeks. We’re, I think, 22% hedged for 2024. If you look at the perfect world of Comstock, I think we’d like to be in the 40%-plus. So everyone listening to know that we’re still looking to do that. We think we should add those extra hedges just to mitigate some risk as we go through 2024. We think the demand for the gas will really appear in the latter part of ’24 and then ’25 on, you should see it pretty consistent. So that is our goal, Phillips.
Operator: And our next question comes from Leo Mariani from Roth MKM.
Leo Mariani: Could you talk a little bit to kind of what you’re seeing in terms of leading-edge service costs and kind of the traditional kind of Eastern core Haynesville. I think you alluded earlier that maybe those have come in some. Could you give us kind of a sense? I mean, just looking at your Third quarter D&C was up 1%, like you said. So what do you kind of see in the service cost doing in the leading edge and when do you think that starts to show up in the financials?
Daniel Harrison: So Leo, this is Dan. We have seen the service costs come down. They’ve been easing down probably — I mean, earlier this year, but we — I’d say we’ve seen the biggest decrease just on the rig rates have come down. And of course, they are the ones that went up higher than anything else when they went the other direction. But we’ve seen the rig rates are probably down 10% since back — earlier part of this year. I think on the completion side, probably not quite as much. I mean that’s driven really just by our frac cost. That’s probably more like a 5%, 6%, 7% decrease since earlier in the year. I think we’ll see that continue to trend down into this fourth quarter and into next year. We’ll just kind of have to wait and see really what these gas prices, how they materialize next year. And with the activity in the Permian also which affects us if — how much they continue to slide or maybe level out or may even potentially pick up just here next year.
