“Well, I think we've kind of factored that into the plans that we've talked about, Betty. The absolute worst thing to do right now is to try to whipsaw these long cycle investments. So we're not trying to slow Willow down or we're not trying to create inefficiencies in that and we're not equally important not trying to do that on the LNG side.”

In context

“from the transaction above and beyond the synergies. So I would just say that we're really pleased with how things are going. And so we're getting it integrated into our company, I think, pretty seamlessly. Operator: Our next question comes from Betty Jiang with Barclays. Betty Jiang: Ryan, I really appreciate all the color on the cash return framework. If I'm hearing it, if the cash return is closer to the mid-40s of cash flow from ops going forward, If I could ask on the flip side of that, is it fair to think you will be more willing to let reinvestment rate run a bit higher given where you are in the investment cycle on the major capital projects? I guess what I'm trying to get to is, is there a level of outspend that you feel less comfortable for the next couple of years? Ryan Lance: Well, I think we've kind of factored that into the plans that we've talked about, Betty. The absolute worst thing to do right now is to try to whipsaw these long cycle investments. So we're not trying to slow Willow down or we're not trying to create inefficiencies in that and we're not equally important not trying to do that on the LNG side. So depending on where the price goes and what our CFO is, obviously our reinvestment rate will be a little bit higher as you kind of factor that in. But I'll remind you back when we showed a 10-year plan, what we've done with the company, over time as our cash flow goes and free cash flow as these projects come on, the reinvestment rate falls, the breakeven falls, the reinvestment rate falls that's really the reason why we're doing these projects to begin with. We can't always anticipate what the commodity price cycle is going to look like through that. But we know these projects are sub $40 cost of supply, they can compete and they deliver a good rate of return based on our view of the mid cycle price call because they're low cost of supply. So there's things shareholders should be wanti”