“On the non-operated OBO side, we have started to see more well ballots from our partners, which will likely translate to a higher level of OBO spend over the second half of the year.”

In context

“entioned, that $250 million of additional activity is concentrated in the Delaware, and that is a combination of operated and non-operated. On the operated side, we continue to drive significant efficiencies in both drilling and completions. Our completion efficiencies are slightly outpacing drilling, so we are adding another Permian rig versus prior plan to help us keep pace with our frac crews and maintain our level-loaded, steady-state operations approach that we have talked about for a number of years. The key item is that we do not want to have any frac gaps due to the efficiency improvement we are continuing to capture. If you recall, as we exited 2025, we had a 15% improvement in D&C operational efficiencies, and we continue to see those trends, with completions outpacing drilling. On the non-operated OBO side, we have started to see more well ballots from our partners, which will likely translate to a higher level of OBO spend over the second half of the year. We are not going to elect out of low cost of supply, high-return OBO projects in this price environment. We have seen it in the past. They are competitive projects, short cycle, with good returns. These additions are a modest capital add to our second-half program and will maintain our operational efficiency going into 2027. Ryan M. Lance: I would just add, Betty, these are no-brainers for us. We are not going to be drilled out of inventory by others, and we are going to keep our efficient machine running. These adds are weighted to the last half of the year, so they do not have a large impact on 2026, but they set us up for the continued growth that we are seeing in the Lower 48 in our portfolio year on year. You saw it in the first quarter; you will see it year on year, and that will co”