“But the bottom line is for the second half of the year, 35% annualized effective tax rate is a reasonable run rate for book tax at our current commodity prices.”

In context

“arterly noise as they flow through as a noncash catch-up adjustment when they happen, and so that's why you see our second quarter tax rate was 33.6% versus first quarter of 36%. And that puts our year-to-date right at this 35% level, matching our current expectation of full year. Now that noncash adjustment, that's going to flow through the corporate and other segment. You can see that on our supplementary disclosures. You can see it's a $20 million positive swing quarter-on-quarter in that corporate segment. Now -- so that's pretty straightforward. It's really just a mix story. Now when you think about deferred tax, the positive tailwind that you saw on the cash flow statements quarter-on-quarter was a bit lower. That was because of the income statement adjustment I just talked about. But the bottom line is for the second half of the year, 35% annualized effective tax rate is a reasonable run rate for book tax at our current commodity prices. And the deferred tax tailwind of about $200 million for the second quarter, that's also a good run rate for the remainder of the year. Now obviously, that can move around a lot if there's some discrete items that come up. And as you know, they often do, but it's a pretty good run rate at this point in time. John Royall: Great. That's really helpful. And then my next question is on Bakken production. You were up well over 100 kbd in 2Q. What was the driver of the strength there? And should we be thinking about Bakken as plateauing somewhere above that kind of mid- to high 90s that we used to think about? Or is there any stickiness to the strength in 2Q? Nicholas Olds: Yes, John, this is Nick. Yes. You look at our operational performance from the rigs and frac crew that we have in Bakken, i”