“But we still expect our overall company capital inflation to average out in the mid-single digits this year over last year, and that's all reflected in our guidance.”

In context

“cope and the resulting capital will look like. Operator: Our last question will come from the line of Leo Mariani with ROTH MKM. Leo Mariani: I wondered if you could just comment on what you're seeing in terms of -- kind of Lower 48 service cost trends. I think there was a lot of expectations a handful of months ago that costs may be falling, but now kind of commodities that have kind of recovered. Maybe just give us kind of your perspective of what you're seeing there on leading edge costs. Dominic Macklon: Yes. Leo, it's Dominic. So as we talked about in the last quarter, we're certainly seeing some areas of deflation of Lower 48. I think, if you look at our capital spend this quarter, that's part of that trend is in there, in terms of being lower capital this quarter than the previous. But we still expect our overall company capital inflation to average out in the mid-single digits this year over last year, and that's all reflected in our guidance. I would say that as we approach the end of the year, and this is something that is in our thought process right now is -- kind of Ryan was alluding to. We do think the market is kind of finally balanced. We do see some deflation coming through, but we have seen oil and gas prices recently strengthened. So what we're looking very hard is, how we think that will trend into next year. But I think, as I said earlier, in terms of our overall capital expectations next year, very much in line with what we laid out at AIM, of course, plus our additional interest in Surmont. So that's just something that we're watching closely, but that gives you a good sense of how we're thinking. So... Operator: We have no further questions at this time. Thank you, ladies and gentlemen. This concludes today's co”