Unidentified Analyst: Yeah, thank you.
Operator: Thank you. One moment for our next question. Our next question comes from Sunil Sibal with Seaport Global. Your line is now open.
Sunil Sibal – Seaport Global Securities LLC: Yeah. Hi, good morning, everybody. So I just wanted to dwell a little bit on your gathering volumes. Could you give us a sense of your gathering volumes in Permian, roughly what percentage of that comes from your dedicated acreage versus acreage where you might be competing for volumes?
Willie Chiang: Hey, Sunil, this is Willie. I don’t know if you were on earlier, but the overall gathering volume increases are 275,000 barrels a day. 150,000 of it’s from the bolt-ons that we did. The remainder of the growth, 125,000, is really all Delaware Basin growth.
Sunil Sibal – Seaport Global Securities LLC: Okay. No, I was actually referring to your current gathering volumes. I was curious, in Permian, is there a good sense of what all comes from your dedicated acreages in Permian versus acreages where you may be competing for those gathering volumes?
Jeremy Goebel: Sunil, I would say the vast majority is associated with the 4.4 million acres that Willie referenced in the script that are dedicated to the system.
Sunil Sibal – Seaport Global Securities LLC: Understood. And then on the M&A front, it seems like you divested some assets in 2023. Could you give us a sense of from an opportunistic M&A perspective, where do you see the most value, either basin wise or asset wise?
Willie Chiang: Sunil, that’s probably something we’re not going to comment on all of what ifs. I can assure you that we look at, we run models on all kinds of different things. We look at all the different assets and opportunities to create value for our unitholders. And on the same token, we look to optimize our own asset basis as we’ve proven over the last number of years. So it’s a dynamic activity that happens every day. It’s really hard to focus on valuations in different basins. So we’ll have to – maybe we can follow-up with you on the offline and see if we can answer your question a little bit better.
Sunil Sibal – Seaport Global Securities LLC: Got it. Thanks.
Willie Chiang: Thank you.
Operator: Thank you. And one moment for our next question. Our next question comes from Neal Dingmann with Truist Securities. Your line is now open.
Neal Dingmann – Truist Securities: Good morning, guys. Thanks for the time. My question maybe for you, Al, is just on Permian volume expectations. [You did a] [ph] good job, you mentioned the rig count, which continues to be nice and stable. But to me, what seems to get a bit lost is the improved continued D&C efficiencies that happens to result in more volumes, even with these similar levels. So I’m just wondering, do you all continue to see this type of upside as I do, even if the D&C, if the rigs stay relatively stable. Are you still expecting some nice volume upside on your part?
Al Swanson: I think our forecast is consistent with what the industry is doing today, but they’re all working to get better. If you look at oil in place targets and they’re achieving in first recoveries less than 10%, they’re trying to get higher than that. And if they do that, that would be where a big movement would be. What I would say, though, is consistent with our view of supply and demand and current D&C practices. I would agree with you that there’s probably been 10% efficiency of just drilling completion times since the steadying out of the rig count. So this 300 rig is probably doing the work of close to 330 rigs 12 months ago. But as far as recoveries, I think recoveries and our view of efficiencies are built into our forecast this year. But longer term, our bet would be on the U.S. E&Ps that they would figure out how to get higher recoveries.
Neal Dingmann – Truist Securities: Yeah, great detail.
Willie Chiang: Yeah, Neal, remember, we do a top down assessment. We also have our connection forecast. It’s kind of a bottoms up. And so we factor all that together, and that’s where we got our number from.
Neal Dingmann – Truist Securities: Great point. Yeah, that’s good. You all have that detail. And then my second question is just, maybe on the NGL segment, specifically, it looks like, just wondering how you’re thinking about is the sort of level now that propane, we’re a bit through the season. It seems to me do you think we’ll have more propane pricing pressure? And, I guess, I’m just wondering how you think that’s going to impact the regional basis differentials and maybe some more spot opportunities you all might have.
Jeremy Goebel: Sure. I think that’s a function of location. So, the Fort Sask is limited on fractionation capacity, which is why we’re expanding in our peers. So, there could be some pressure on why grade prices there, I’d say, in the Gulf Coast. Production growth will continue on the NGL side, as associated gas and other gas sources grow. And so, there needs to be some expansion of dock capacity and fracs in the Gulf Coast. So, you could see some issues there, but in a lot of those locations where we sell our NGL, they’re structurally short and inability to bring additional capacity into, so we’ll continue to try to sell into those markets and maximize the basis
Neal Dingmann – Truist Securities: Okay. Thank you, guys.
Operator: Thank you. One moment for our next question. And our next question comes from John Mackay with Goldman Sachs. Your line is no open.
John Mackay – Goldman Sachs: Hey, good morning. Thanks for the time. I wanted to touch again on Permian crude, just on your – you commented on your bottoms up estimates. I’d be curious, if you could give us a bit of a read on what you’re seeing for private versus public activity. And I think also related last year on the call, you just gave a bit of your sensitivity to changes in basin production from an EBITDA basis maybe just a refresh on that too? Thanks.
