“And the CFO going up as those projects come online and the free cash flow going up at an even faster pace because not only is the CFO coming up, we see a drop off in the capital that's being invested.”

In context

“ward. Ryan, you mentioned the free cash flow is starting to increase going forward because the spending from these four big projects are starting to roll off. I think it's around 25% of the budget this year on those projects. Can you just talk about the capital allocation going forward? Does that 25% trend over the next few years towards 15%? Or do you start backfilling some of these projects as they come online? Ryan Lance: When we just tried to signal what the cash flow and free cash flow inflection is coming as these projects come online, we don't have another Willow and another big batch of LNG things sitting on the cupboard waiting to fall into the execution plan. So no, at this point, you ought to see the capital start ramping down commensurate with the completion of those projects. And the CFO going up as those projects come online and the free cash flow going up at an even faster pace because not only is the CFO coming up, we see a drop off in the capital that's being invested. That doesn't mean that we're starving Alaska and Norway and Canada with investment. We're still investing in those base businesses just like we're doing today and that continues and then we're obviously investing in the Lower 48 and over time would expect to see some ramping activity there as well over time. But that's all part of our base plan. Operator: Our next question comes from Kevin McCurdy with Pickering Energy Partners. Kevin McCurdy: Hey, good morning and thanks for taking my question. Just on the quarter, I mean, looks like you guys had a really good operational quarter, but cash flows kind of missed the mark a little bit. And to tell us that looks to be driven by cash taxes. Can you talk a little bit about why the cash taxes were higher in the first quarter and what your outlo”