We found that out the hard way during COVID, but where we really didn’t burn much cash at all. And so if we only spend 55% of our gross cash flow you sort of generate free cash flow year in year out. So we’re pretty focused around that and compensated around that. So if you find the right deal we’ll find the right opportunity that improves the business and enhances sustainability of the business provides us more running room, yeah. But we’re not €“ I would tell you, we’re not looking to do a deal where we would require any additional outside financing. So it’s sort of limited to our capabilities around what we have on hand in terms of cash and also around our skill set.
Tim Rezvan: Okay. Thanks for that detail. And just close the loop, can you disclose any production that came with the acquisitions in the fourth quarter?
Chris Stavros: So, yeah. No. So it was very small. I mean, not a consequential amount a material amount of production volumes.
Tim Rezvan: Okay. All right. Thanks so much.
Operator: The next question is from Noel Parks with Tuohy. Please go ahead.
Noel Parks: Good morning.
Chris Stavros: Good morning.
Noel Parks: So just a couple of things. You talked about expecting to see some efficiencies this year that could help offset some of the service cost inflation. And I wonder, if you could just talk a little bit about it? Most operations are working on different efficiency projects kind of all the time. I was just wondering, are there any particular resource shifts? I mean, more staff or shifting staff around various functions to tackle any particular types of projects in the field that you haven’t before?
Chris Stavros: No, I wouldn’t say we’re shifting any staff or generating new staff to work on this especially. I would tell you with Giddings, remember I said we’re entering our sixth year as a public company now, and so, if you skip over the COVID gap, we really just got at this maybe in late-2020, more so 2021. And so, we’re in the earlier middle innings of what is the evolution of trying to get at Giddings and understand it better. And so there’s more to I think, be squeezed out of it. So the usual operational efficiencies that most talk to or speak to in terms of improving our drilling feet per day and — or reducing our drilling days and frac stages per day improving. We recently set a new record on a pad in terms of the completion time. So, there’s still some of that to be done and captured this year. And so I think we’ll see some benefit of that.
Noel Parks: Great. And did I — I noticed it looked like there was a sequential decline in cash G&A between first quarter and I think from third quarter to fourth quarter, certainly not complaining, always good to see that direction on cost. But I was wondering, was there anything in particular one-time involved in that that made for the difference?
Chris Stavros: Yes. The cash G&A is a pretty small number for us. And so there’s always more commonly can be some one-off items that pop up period-to-period, it could be an insurance item that comes up payment or it could be bonuses for the executives or whatnot whatever it is. I mean it’s hard to sort of predict evenly or with a lot of precision quarter-to-quarter. So, it’s — I wouldn’t make anything of it. It’s nothing that jumps out in my mind. I mean there’s some things even associated with some — and or the share sales, some costs associated with that. So, a very small items generally.
