Zach Parham

Are we getting closer to a price where you would consider moderating some activity or at least maybe building some deferred productive capacity

Should we think about that going mostly to buybacks at this point?

Can you talk about that a little bit? What drove that expected increase? And if you see that as sustainable going forward?

can you talk about your ability to potentially drive that number even lower going forward?

Is that mostly efficiency gains that you factored in, in 2026? Or is there some level of OFS deflation built into those numbers?

would you expect to be back at 7.5 Bcfe a day in January?

Could you give us a little more detail on what's driven those increases? Maybe talk about where you could see those numbers going over the next few quarters?

It also looks like you've seen better -- a little bit better productivity year-over-year in 2025. Anything specific you'd highlight that's driving that increase?

you show you're up to four frac crews there. That compares to the prior disclosure that it indicated you'd average three crews from the year

Can you just give some detail on how you're thinking about cash return from that bucket? Do you plan to be active buying back the stock

Have you built any of those incremental D&C declines into the CapEx budget?

do you see any scenarios where you would move production higher from that 7.5 Bcf a day level in 2026