Blake Sirgo: Yes. I would say the real impetus was the Windham Row, like we have talked about. That’s a big project. We want to be well ahead of it to give us lots of timing. The drilling cadence associated with that project only how it’s picking up the rig early in ‘24, and we just decided to buy ourselves a little time and take it up early. We are able to contract a great rig with one of our strong service providers, and it was hot and ready to go, so we jumped on.
Leo Mariani: Okay. And so I just wanted to get a sense, I mean is that going to give you guys a little bit more Permian activity then just on average, it sounds like you are going to be running a little bit more equipment next year?
Tom Jorden: No. It really just accelerates the project. It’s not – it wasn’t a big material shift. We had plans to bring that rig next year anyway.
Leo Mariani: Okay. Understood. And then I guess, Tom, you talked about this a couple of times, but you got the multiyear guide, you are going to update that early next year, and it just sounds like clearly, you have outpaced expectations in 2023. It just seems like if we continue to see strong well results out of Coterra, you have got this guide of oil, of kind of 5% plus. If trends continue, it seems like it could be a little bit more than the plus as opposed to the 5%, as we roll into next year?
Tom Jorden: Well, we are currently 5% plus, and we look forward to discussing our plans when we roll them out. We are still having some iterations. But we are seeing great asset productivity and we expect any surprise to be the upside. Now that said, we also operate in the world where things go wrong. I mean there is – we are not immune from train wrecks, operationally. We avoid them as best we can. But I think if you look at our sector, any kind of operational interruptions are always part of our business. So, we like to promise what we think we can deliver.
Leo Mariani: Okay. Thanks.
Operator: Your next question comes from the line of Charles Meade with Johnson Rice. Charles, your line is open.
Charles Meade: Good morning Tom to you and your team there and thanks for going over the remarks [ph] here. This perhaps dovetails with that last question on your outlook for ‘24. But I want to start specifically with your 4Q oil guide, which was stronger than many of us from the outside looking in, we are expecting. So, perhaps this also fits with your earlier comments about volumes or volume growth is really an output, not a driver, we look at your sequential quarters over the course of trying to, we can see that, and that the oil rate has ticked up and it’s ticked back down, and you are going to have a big pickup for Q4. So, my question to bring it to a point is, how would you encourage us to look at this 4Q, your 4Q volumes? Is this one of the – a big uptick that’s likely to mean revert, or is this more along the lines of a new baseline that you that you guys are looking at that you are going to build on?
Tom Jorden: Well, we haven’t, as you know, specific plans for ‘24, but we carry a lot of operational momentum into ‘24. Now, that doesn’t mean that you take the extra rate and just keep it going up to the ride. When we talk about growth, we are talking about annual numbers. But what we are seeing with a lot of these projects that we discussed, such as Windham Row, is we are seeing less seesaw in that production profile. And we will be working hard to maintain that and ‘24 have less seesaw. We would like to have smooth operational cadence and kind of dampen the volatility in that production profile.
Charles Meade: And I guess maybe just for my follow-up, can you elaborate on what seesaw is?
Tom Jorden: Well, seesaw is up and down significantly quarter-over-quarter. But again, we are not prepared to discuss anything in specific about ‘24 on this call. I think our 3-year guide of 5 years plus – excuse me, 5% plus on oil is a reasonable expectation, and that’s kind of where we are studying kind of a starting point on the planning process.
Operator: Ladies and gentlemen, there will be no more further questions at this time. I would like to turn the call back over to Tom Jorden for closing remarks.
Tom Jorden: Well, I want to thank everybody for joining us this morning. Again, we are very pleased at Coterra, to be delivering excellent results for the third quarter, but I will finish where I have started. We expect this out of ourselves, and we think you should expect this from us. So, look forward to delivering consistent performance over time. Thank you very much.
Operator: Ladies and gentlemen that concludes today’s call. You may now disconnect. Have a great day.
