“We plan to hold our plateau there around 400,000 barrels a day, and it will fluctuate a little bit based on the timing of bringing new pads on and completion of wells, et cetera.”

In context

“h: Sure. So yes, first quarter production in the DJ was above 400,000 barrels a day, kind of higher than what our long-term guidance is. We had timing -- a lot of fourth quarter '23 wells put on production there. You'd typically expect some weather-related downtime in Colorado over the first quarter. We saw some of that, but less than what we had planned for. So production was good. Second quarter, there's maybe some minimal impacts that we expect from a third-party gas plant that's had an outage. But continued strong performance there thus far in the second quarter. These are high cash margin, low-breakeven barrels that we're really pleased to have in our portfolio. If you go back 3 years ago, we didn't have anything in DJ. We were not talking 400,000 barrels a day of production there. We plan to hold our plateau there around 400,000 barrels a day, and it will fluctuate a little bit based on the timing of bringing new pads on and completion of wells, et cetera. But it's a really strong asset for us. Let me talk about the politics and kind of the operating environment a little bit, and then maybe I'll have Eimear just touch on PDC and the benefits of that. But Colorado is a state where energy is an important part of the economy. And I grew up there. The environment is very important to the people and the state as well. And I think their goal has been to be a leader in responsible development and to recognize the important economic contribution that our industry makes to the states. I'm confident that, that will continue to be the case. We've got good relationships with members of the legislature, with the executive branch, with the governor. And as the largest oil and gas producer in the state with over 1,000 employees who live and work there a”