Mackie McCrea: Yes, this is Mackie again. Yes, as you can understand, we haven’t been able to really dig into the Crestwood assets yet. We don’t close officially till Friday, but from a high level we certainly recognize some capacities, they were really in all regions as well from the back in and the powder, as well as the Delaware. We are constantly evaluating when is the next time to kick off the next trial to make sure we meet our obligations that we signed up producers, but clearly we believe that this is going to give us some time to defer that decision. We’re thinking we’re going to make that decision first quarter of next year, whether we’re going to start pick up another plant, that’s probably going to push it back at least three to six months, so we’ll see.
And as we fully are able to analyze and look at these assets and see how they would just fully blend in but we’re pretty confident that a minimum is going to delay building a new pilot at least some period of time.
Brian Reynolds: Great, thanks. I appreciate it. I’ll leave it there and then enjoy the rest of your afternoon. Thanks.
Mackie McCrea: Thank you.
Operator: Thank you. Next question will be from Jean Ann Salisbury of Bernstein. Please go ahead.
Jean Ann Salisbury: Hi. There’s a lot of new NGL pipes coming to the Permian in 2025. I think ET is actually the only main company not doing an expansion. How well-positioned are Lone Star and West Texas Gateway to whether that contractual duration-wise, and does it drive more interest in inorganic opportunities in the basin?
Mackie McCrea: Yes, Jean, this is Mackie again. We have noticed that there’s a lot of pipelines announced here in the last couple of days, but what we try to do as a partnership is not really worry about what others are announcing or what others are building. We kind of focus on what do we need to build to accommodate our customers and to meet the demand growth of those that we’re working with, and we are very well positioned right now. We move about a third of every barrel of NGL that’s produced in the Permian Basin. We have the ability to move 100-plus thousand more barrels. We can add pumps and move probably in the neighborhood of 250,000 more barrels, so we’ve got some kind of dry powder or dry capacity, available capacity we’ll be able to expand on.
So, I think any kind of considerations or determinations from us are probably a year or longer away on even contemplating another pipeline. We’re positioned pretty well to move everything we’ve signed up in addition to more growth that we expect from our G&P business.
Jean Ann Salisbury: Great. That makes sense. To be clear, I’m certainly not pushing you to expand Lone Star, but that’s super helpful. And for your Nederland NGL export expansion, I know that you’re talking to a lot of ethane counterparties, but it seems like you haven’t quite signed the contracts yet. Is there a way to think about it that given how tight LPG export capacity is, it’ll probably start mostly as LPG, and then as your ethane contracts eventually get signed and kicked in, a greater share will become ethane?
Mackie McCrea: Yes, I think I would answer it this way. We are in constant dialogue and negotiations across the board. We have probably at least 140,000 barrels of ethane customers that we’re negotiating with right now, of which some prefer Marcus Hooks on the Gulf Coast. We’ll have the ability to swing the volume between either one. But clearly, LPG is also in high demand. So, we’re — there’s not a shortage of international customers. And we’re very excited, as we’ve said earlier, that we’re not only very well positioned to meet that, but also very well positioned to meet the growth two years from now and beyond. So, we do think space is going to get pretty tight. As you can see by results, we’re moving more volume. We’re hitting records on almost every aspect of our NGL business, including our export, and we’re seeing the margins widen.
