Operator: Our next question comes from Neal Dingmann from Truist.
Neal Dingmann : My first question just on the reinvestment rate, specifically. It looks like I’m showing that the rate maybe has increased to potentially this year, a bit over 40% versus 31% last year. I’m just wondering how do you anticipate this trending? And is this just largely driven the higher reinvestment rate because of cost? Or are there other factors we should think about when sort of determining what this reinvestment rate is going to continue to trend towards.
Jeff Ritenour : Yes, Neal, this is Jeff. Yes, I think if you’re speaking to our overall reinvestment rate at a corporate level, that’s exactly right. It’s just the math and the function of higher costs as a result of the inflation that we’ve seen and then the lower commodity prices, which we all know have been — well, certainly on natural gas have been dramatic, but more so important to us is on oil and certainly on a year-over-year basis, the strip would suggest a lower oil price for this year as it relates to last. And so that math just works out to be a higher reinvestment ratio.
Neal Dingmann : Okay. Okay. And then just secondly, Clay, maybe for you just on — you touched on this a little bit. Just on the infrastructure, you mentioned in the prepared remarks on the compressor and third-party. I think you mentioned that you expect this to be back to normal next quarter. Were there, I guess, proprietary changes? Or were there new contracts or anything you’ve done to help mitigate this going forward to give you more confidence in less on this happening going forward?
Clay Gaspar : I’d say it’s a little too early to kind of really digest all of the lessons learned. The team — this is really days, maybe a couple of weeks old. We’re — team want to make sure, first of all, there was no one injured. There’s no one on location. So that worked very much in our favor. We want to understand the impact to see if there was anything immediate that we had to address on any other compressor facilities with similar designs. We didn’t see anything in that regard. The teams are now doing deep investigation in parallel to the real-time fixing. And what I would say is, so far, there’s no glaring issues. There’s a lot of mechanical parts, a lot of moving pieces. We will learn some things. We will apply some learnings. But I don’t think there’s anything that really stood out right off the bat that we thought we could improve in the offset operations.
Neal Dingmann : But you do expect that literally normal play by second quarter, you said?
Clay Gaspar : Yes. I would say middle of March, we should have production fully up and running again about that time. And so it shouldn’t bleed into the second quarter. I feel really good about that.
Scott Coody : Well, I see we’re at the top of the hour. I appreciate everyone’s interest in Devon today. And if you have any further questions, please don’t hesitate to reach out to the Investor Relations team at any time. Thank you, and have a good day.
Operator: This concludes today’s call. Thank you for joining. You may now disconnect your lines.
