John Freeman

should we assume, given that the next maturity is not until 2029 and those are not callable yet, that the majority of the free cash flow goes toward buybacks

how do oil versus gas prices influence the allocation of activity currently and into next year

the D&C per foot looks like it's continued to go lower on your '26 program

can you sort of flesh out a little bit for us sort of the impact that each of those had, like the improved run time versus a few incremental completions versus the moderate weather

any more that you all could sort of give specifics on just to see that big of an improvement, both on the realized savings as well as the sort of run rate targets

how we should think about that relative to the $65 million you're spending this year

do you have a time line for achieving that target? And maybe if you could provide some details on the plan and whether or not divestitures might be used

would this sort of indicate that there might be a shift to a larger percentage of the total CapEx budget being allocated to Egypt

do we just think of it as that original sort of time line you all showed last quarter, it just got pulled forward

Would you all plan to go down to six rigs is -- do I think of it as that's slightly left in all

am I thinking about it right that now that you have the benefit of that, the bucket that took the longest in optimization may not have to take as long for these synergy buckets?

Should we assume that is going to remain robust as you work to complement both companies' positions in the Delaware?

does that mean that there's potential that you all could ultimately exceed that kind of $1 billion target

Do you all have a similar agreement in place?

Landbridge announced a produced water pore space agreement with you all starting in 2Q '27. It looks like you are getting out ahead of what could potentially be an issue

you're expecting $50 million of capital related to multiple land trades in the Delaware that's going to impact over 30 wells

how important the reinvestment rate is when you all come up with budgets. There are some of your peers that kind of target a reinvestment rate

if, you know, gas prices remain strong, maybe improve further from here, if there'd be any potential kind of shift in the plan to certain assets

Are you sort of or, I guess, dialed in on a specific sort of spacing? Or is testing still a big part of what you're doing

Do you all start to take maybe a harder look at divestitures just as a way to unlock value

how much of that can you all achieve with just those other 2 kind of buckets

I'm just making sure there's nothing changed in the way that you all sort of think about that relationship

you are a lot more focused, it appears, on the LCM type agreements as opposed to maybe long-term LNG supply agreements. Is that a fair characterization?

it does look like the upside on production in the quarter was actually from the Appalachia region

would you anticipate a similar amount gets allocated to debt reduction next year

I'm just trying to get an understanding if that's sort of timing curtailment related? Are there efficiency gains?

Does that reflect those kind of leading edge 2Q cycle times?

Is it fair to say that it looks like everything that you all kind of needed to achieve on a run rate basis is kind of there

is there any sort of additional either infrastructure or just sort of non-D&C spending that we should be aware of

Where did the deferred TILs and the DUCs stand at year-end?

it doesn't look like there's like a material kind of increase that's needed on infrastructure spend. It looks like you'll can handle that

is there like a reinvestment rate that you all just want to stay below regardless of kind of the commodity environment?

can you just give us a rough idea of kind of how that looks now with the new plan?

tariffs have been pretty topical of late. Have you all secured or maybe locked in the pricing on all steel-related products for the '26 program

You all had a really nice improvement in your leading edge completed feet per day at 4,500

One of the majors has recently sort of highlighted some pretty ambitious targets for kind of dramatically improving kind of oil recovery rates in the Permian

you all would still probably wait until you're in a $65, $70 world before you'd want to put your foot on the accelerator

y'all did highlight what you've seen in terms of the impact on kind of your steel-related products with the tariffs on casing being up 12% since last quarter, but we're able to lower your Midland b...

is there anything that's sort of at a one-time in nature related to either kind of Double Eagle or Endeavor transactions