Keith Stanley: And sorry if I missed this, but for the JV buy-ins bolt-ons that you’ve done. Can you say, Summit, it sounds like you were pretty excited about. Can you say if you initiated these transactions with partners or partners are looking to sell and came to you? I’m more curious just looking forward, are you optimistic there could be other opportunities? The company has a lot of JVs that potentially you could look at buying other partners’ interests. Just any thoughts there?
Mike Hennigan: Yes. Keith, I think you hit it on the head. We’re excited about all of them. And we were able to kind of voice into the Summit, show some real numbers with first quarter activity. When it comes to the evaluation of additional opportunities, we’re evaluating them all. The good thing with these types of acquisitions, we’re very familiar with the assets and we’re very familiar with the partners. With all of these opportunities though, we view them with the lens of strict capital discipline. So from our perspective, it has to be at the right value for us and our unitholders.
Operator: And our last question will come from Neal Dingmann with Truist Securities.
Neal Dingmann: My question a little bit on what you’ve been talking about on just the return of capital framework post to SMLP. I’m just wondering, were you all suggesting that sort of post this, you would continue, you would consider substantially boosting that DPU materially again or even more buybacks or would you consider even a sizable acquisition? I’m just wondering how you’re sort of thinking about things post this.
Mike Hennigan: Yes, it’s all of the above. So hopefully, we’ve been clear that we’re going to continue to generate more cash, we’re going to grow the cash flows. As a result of that, we’re going to continue to increase the distribution as our primary return of capital. We’re going to look at buybacks as part of our capital allocation framework, we’re going to continue to invest organically and then we’re going to look at the inorganic stuff that’s available. I’m much more of a believer in the organic opportunities, because they get us a higher return, more efficient capital, et cetera, and that’s what you’ve seen over the last couple of years in general. But like I said at the start of this, it all starts with growing cash flows and whether it’s doing it organically or through some of these, bolt-ons that we’ve talked about.
At the end of the day, grow the cash flows, invest wisely. That’s why I always say it’s a return on and a return of business and then I’m a big believer in return capital to our unitholders. So hopefully, we’re going to continue to show you that we’re going to grow that distribution continually over time meaningfully as you’ve seen over the last couple of years and that’s certainly our goal.
Neal Dingmann: No, that’s very clear. Just a quick follow-up on the Marcellus gathering, it’s really nice to see another significant year-over-year increase there on your last quarter. I’m just wondering what make sure I understand — what’s sort of the capacity situation there as it appears that area continues to be positively trending. I’m just wondering is there still potentially more upside as you’ve been seeing?
Greg Floerke: Yes. We do have additional upside, but we run that system at very high utilization as you’ve seen. We’re over we continue to be over 90% utilized on processing in the Marcellus and that really matches up with the with our Liberty Gathering System capacity. We don’t, we only gather for some customers in Marcellus. We process for a lot of customers. We don’t necessarily gather for all of them. So when you see gathering numbers, it’s typically our Liberty system in Washington County and we do try to add capacity just in time, to match the processing growth.
Mike Hennigan: The other thing that we’ve anticipated the market has for a long time of MDP coming online up in the Northeast. We think that’ll be a significant change to the activity up there, 2 DCF pipeline coming on. To what has been a constrained area for some time? And then as Greg mentioned, we’re pretty excited about the renewed interest in the Utica, particularly the rich area, as liquids compared to the dry price is certainly pushing people more into the liquids rich area. So, it’s one of our key growth areas, it has been, will continue to be. I think you’ve heard throughout the call today, Greg talked a lot about what’s happening on the gas side of the business up in the Northeast. Dave talked a lot about what we’re doing as far as natural gas expansion and NGL expansion down in the Permian.
So we’re pretty confident and optimistic that our plan is working, our strategy continues to be good and we’re going to grow cash flows and return capital to unitholders. So that’s how we feel at this point.
Kristina Kazarian: With that, thank you for joining us today, and thank you for your interest in MPLX. Should you have additional questions or would like clarification on any of the topics discussed today, members of our Investor Relations team will be available today to help you with your call. Thank you so much.
Operator: Thank you. That does conclude today’s conference. Thank you once again for your participation. You may disconnect at this time.
