Stuart Bodden: I think ultimately, we feel like it’s a positive. I think there might be — without kind of getting — you must have to answer about each one of the announcements a little bit differently. So I think there’s one that we would very clearly feel like is a long-term positive for us. I think there is one that we would say will be a positive long-term, but there could be a little bit of kind of near-term choppiness just depending on sort of how that closes. But generally, I think we view that the trend of consolidation, the trend to our E&P, customers wanting fewer providers, fewer higher-quality providers. We think that’s just ultimately a good thing for Ranger.
Don Crist: Okay. And it looks like the pricing, at least, the hourly pricing on the rigs ticked up a little bit. Is that the indication of the market bottom in your opinion, or do you think that that’s just a shift between lesser quality customers towards higher quality customers in your opinion?
Stuart Bodden: Yeah. In general, I think we would say it’s a move to higher quality customers. I think underlying that too I think as we’ve gone forward, we’ve really been focusing on getting additional ancillary equipment out with those rigs that ultimately helps pricing and margins as well.
Don Crist: Okay. I appreciate it. Thanks so much everybody.
Stuart Bodden: Yeah. Thanks, Don.
Melissa Cougle: Thanks, Don.
Operator: Our next question comes from Donovan Schafer with Northland Capital Markets. Please go ahead.
Donovan Schafer: Hey guys. Thanks for taking the questions. The first one I want to ask is with the lower rig count, I know that some of that in some basis is being offset by focusing on longer — trying to go a bit longer on the laterals, and so I’m wondering, if there’s any kind of offsetting benefit for you guys have thought over time? Just I know, the focus on high-spec rigs, with services is with the idea in mind that more wells are going to have — are going to be horizontal and acquire the ability to pull heavier loads against friction and horizontal section or whatever. So it’s a slowdown near-term, is there any like later benefit a year out two years out when these wells go on — need to go on artificial lift or something and it skews things more favorably or adds to the relative value of your High-Spec Rigs? Thank you.
Stuart Bodden: Yes. Again, and let’s chime in. No, I appreciate the question, Donovan. So again, I think long term we would say that does help us, because I think to go do whether it’s routine well work or more intensive work over work you do need higher cycle equipment over time to get into the outer reaches of the lateral. So we do think that, that will help us and it becomes harder and harder, as an example to get coil out there, if you’re doing any kind of remedial work. So ultimately, we think that’s a good thing for us. And I think you’re also kind of highlighting another issue that we’ll just say that, as long as the industry is drilling more new wells than are being sort of plugged and abandoned. Ultimately, we feel like our total addressable market is growing. So — and certainly, we believe we’re in that environment right now. So again, I think long-term, we think that that’s a positive.
Donovan Schafer: Okay. And then a follow-up question on that. With kind of talking about your different segments and wireline completion activity is obviously going to be pretty tightly tied to the rig count for drilling new wells, but I’m curious for the servicing side the High-Spec Service Rigs. Is there any kind of rule of thumb or anything for like a time lag, where if you get a big jump, or a big drop in the rig count for — on the new well side of things? Is there like a one year lag two year lag where you see maybe, it’s a less pronounced movement, but some kind of — some kind of a correlated movement on demand for the High-spec Servicing Rigs? Again, maybe it’s like a typically a one year before they go to artificial lift or something like that? Just any way to kind of what the lag there is between rig count on the front end for new wells and kind of demand for the high-spec servicing rigs?
