Chase Mulvehill: Okay. Perfect. I’ll turn it over.
Operator: Our next question comes from Colton Bean with Tudor, Pickering, Holt. Please go ahead.
Colton Bean: Good afternoon. Shifting back to Gulf Run, you mentioned the deliverability through Zone 2 and the trunk line. I think the team’s previously looked at extending the terminus beyond starts to add downstream connectivity. Can you just update us on where you stand on that project and what you need to see to move forward?
Mackie McCrea: You bet. This is Mackie again. We had an open season a while back, not that far back, but last year, and it was extremely successful in regards to the demand. So we’re looking at a bunch of things. It doesn’t take a lot of pipe to get down to connect our affiliated company at FTT, which would help some of those customers. We also, of course, are looking at potentially extending it down to Lake Charles. We can add compression only and at a Bcf or it may mean that loop in that pipeline and building an entire new 42-inch, not only down to trunkline but also we’re down to Florida and other of the interstate pipeline. So as the volumes grow out of the Haynesville, as customers are looking for more gas, not only along the Louisa the Gulf Coast, but all the way to Florida, we do expect some significant expansions of the Gulf Run system.
Colton Bean: Great. And then Mackie, back on the NGL export expansion, can you just frame for us the scope that you’re looking at Nederland and Marcus Hook? I mean is that incremental refrigeration, mostly birth that you’re looking at? Just trying to get a sense of the total capital that might be required?
Mackie McCrea: Both, there’s kind of different tracks this may take. But generally, both expansions right now would be 70,000 barrels a day. That would include both refrigeration and tanks both at Nederland and at Marcus Hook.
Colton Bean: Yes. Thank you.
Operator: Our next question comes from Michael Cusimano with Pickering Energy. Please go ahead.
Michael Cusimano: Hey. Good afternoon everyone. I just had a couple of clarification questions, if I could. First, on the €“ the comment that you made, Tom, on the distribution increases. And I know you said that you all are going to look to increase them annually. Is it fair to assume that we’re at a stable level here until January of like 2024?
Tom Long: We’re going to always evaluate these as each quarter when the distribution is approved by the Board. But wanted to make sure we communicated to the Street that our goal was to get back to $1.22 . We’re obviously very, very pleased to see it at a 2 times coverage ratio when you look at the fourth quarter is what I’m referring to. But it’s something that we’re going to probably get back into the kind of the normal evaluations on an annual type basis. Clearly, when you look at €“ once again, I kind of look at the capital allocation of the debt, continue to bring the debt down, but also, these projects we’re talking about. I know I’ve said already earlier on this call, but we’re going to continue to look at these good projects to continue to strengthen the company. But it’s really more on an annual basis that we’ll be looking at some type of some type of an evaluation as to where we are, so.
Michael Cusimano: Okay. Yes. No, that’s very clear. And then also to clarify on the midstream commentary from earlier. Was there any like offset benefits in other segments from the lower €“ maybe like pop realizations in midstream? I guess like did the intrastate segment benefit from lower Waha, et cetera, that there was kind of some puts and takes there across the franchise?
