Adam Dirlam: No. I mean I think the more realistic concept has to do with kind of the drilling partnerships that we have in place and it’s all going to be, again, a situational specific. But if we put together a drilling program with an operator and kind of have those guardrails as to how many wells are going to be drilled and those such things. A lot of times, what we’ll build into those contracts. Our covenants for cooperation with the service company. And so the operator is obviously taking the lead on that. But when we’re getting into water and takeaway and other midstream contracts, they’ve got a covenant with us that they need to provide those contracts to us will provide our input compare that to our underwriting and move things along accordingly.
Donovan Schafer: Okay. And just to be clear on that, are there some cases where you talk about the benefit of your credit kind of being brought into the picture? Are there some cases where it’s sort of a joint — what do they call joint and severed or several liabilities, so that gives added weight to your credit because under certain contracts or something if the operator were to grow whatever reason, worst-case scenario, default, then you guys provide some of that support? Or is it pretty much always like a joint and separate liability where your — the value of your credit goes just as far as your minority interest?
Adam Dirlam: Yes. Everything is separate. None of these operators like going development agreements or anything like that or joint ventures, everything is…
Nicholas O’Grady: The XYZ operator undergoes a contract, we’re not liable if they default.
Adam Dirlam: That’s right. [indiscernible] joint working interest owner and was going to be paying a sizable chunk of the joint interest billing, having that kind of qualitative information is something that helps facilitate the process.
Donovan Schafer: Sure. Okay. And then as a follow-up, with the Marcellus, it looks like you guys had strong production there that Adam, I think you talked about. I’m curious with the Mountain Valley pipeline approval happening with the debt ceiling that happened at the end of May. And I know there’s been some holdups at like the Fourth Circuit Court, but it looks like just yesterday, the U.S. Supreme Court, the stuff gets felt contentious. And so the Fourth Circuit Court tried to put a temporary hold on things. U.S. Supreme Court, I guess, yesterday said, no, you can’t even do a temporary hold. We’re going to give these guys the benefit of the and let them proceed with everything. So it seems like the weights of the courts and everything is — and Congress at this point is really getting thrown behind getting the Mountain Valley pipeline done to service the Appalachian Basin I’m just curious if that’s — if any of these news events, if you have any color or commentary or thoughts related to that and your interest — current interest and potentially prospective interest in the Marcellus?
Nicholas O’Grady: Not really, Donovan. I mean I think the — look, I think you asked something similar last quarter, the extent that it has a long-term improvement for basis differentials, awesome. We’ll probably see more development on our lands. We don’t really buy things in anticipation of events like this. Obviously, that it would have some improvement on the basin as a whole. I think I’m not [indiscernible] more now than I have been in the past that maybe we can actually get the infrastructure built without [indiscernible] special interest in this country, but that’s a longer conversation.
Unidentified Company Representative: It just takes Congress — it just takes Congress in the Supreme Court.
Adam Dirlam: A similar situation with [indiscernible] access pipeline, right? I mean it was all fits and starts. And so I don’t think we’re going to be planning on anything to Nick’s point, obviously optimistic, but we’re not making any business decisions around this.
Operator: There are no further questions at this time. I’d like to pass the floor back over to Mr. O’Grady for any closing remarks.
Nicholas O’Grady: Thank you all for your interest in our company and listening today. We’ll see you on the next quarter.
Operator: This concludes today’s conference. You may disconnect your lines at this time. Thank you for your participation.
