Chris Stavros: Yes, sure. See you soon.
Operator: The next question is from Nicholas Pope with Seaport Research. Please go ahead.
Nicholas Pope: Good morning guys.
Chris Stavros: Hi Nick.
Brian Corales: Hey Nick.
Nicholas Pope: I was hoping you guys could talk a little bit about the Karnes asset. It’s obviously a little further along in development. Maybe if you could provide a little context on kind of inventory there and how you’re thinking about kind of what you have available on the operated side versus the non-operated side and the Karnes side of things?
Chris Stavros: Yes, sure. I mean look at the pace that we’re going and like we said we’re utilizing one sort of devoted rig in Giddings and the second rig floats around Giddings and a little bit of Karnes and — so I mean on –proportionately on that basis, I mean there’s more for us to do. It’s a simple sort of decision on our part, frankly around some of the returns and some of the ultimate performance that we’re seeing out of the Giddings wells, that has clearly led us or steered us more to allocating capital a little bit away from Karnes as opposed to sort of just — yes, if we wanted to drill a little bit more in Karnes, I suppose we could, but it’s — it tends to be a little bit — a lot of flush IPs and sharp production initially and then it declines more rapidly typically than Giddings. And so typically, you’re just seeing longer productivity and some more efficiency out of the Giddings program, and that’s really why we’re doing it.
Nicholas Pope: Got it. That’s helpful. And then just as a follow-up on the cost discussion. I’m kind of curious how do you all think about the — I guess, the timing of kind of rig contracts and some of these consumables that you mentioned kind of moderate a little bit in costs, like what is the timing? How long out do you kind of set up some of those contracts and some of that planning?
Chris Stavros: Yes. Without — I mean, without getting into too many specifics, I mean you’re looking at chunky periods of time of three to six months, let’s call it. So, there’s not much more that we can do in this environment around that. So I think it — it’s just — it’s fine for the service providers, it’s okay with us. We — what we plan to do as always, and we’ve done this as part of our — just trying to be efficient in supply chain and making sure we don’t run into any problems or issues as far as getting things. We talk to the vendors and we keep in touch with them all the time. We’re very much in their face as far as scheduling, planning, working with them. We provide them with schedules. They also — they’re confident in knowing that we’re going to be there next week, next month, three months from now, we’re not going to sort of pull the rug out from under them. And so that — that’s very useful in developing a relationship and it really cuts both ways.
Nicholas Pope: Got it. That’s helpful. That’s all I got. I appreciate the time. Thanks, Chris.
Chris Stavros: Sure.
Operator: The next question is from Tim Rezvan with KeyBanc. Please go ahead.
Tim Rezvan: Hey good morning guys. Thanks for taking my question. I want to start on the repurchase front. You’ve been very steady on that. Brian had mentioned 8.9 million shares left on our authorization. So Chris, if you could put your director hat on, should we just assume that, that would probably be kind of extended or increased the authorization program since you could run through that 3Q or 4Q this year?
