“So, we expect 2025 type curves to look pretty similar to what we saw last year in the Delaware.”

In context

“looking at Permian formats and the improvement you've seen there in the Delaware Basin in 2024. Can you talk about I mean, you talked about some of this in the past, but can you talk about what drove the difference, whether in terms of well mix, development strategy, completions, et cetera? And what you see as the potential implications for the 2025 program or outlook? Mike Wirth: Yes. So just to ground everybody, roughly 80% of our development program last year was in the Delaware, and we saw a strong improvement in performance there versus the prior, in particular, the second Bone Spring in New Mexico outperformed expectations. We also had good performance in the Texas portion of the Delaware and the Wolfcamp C and the Wolfcamp A, which showed good year-on-year performance improvement. So, we expect 2025 type curves to look pretty similar to what we saw last year in the Delaware. And again, most of our program is in the Delaware, 85% as we look at 2025, so even a little bit more than we saw last year. Last thing maybe I'll say on that, Ryan, is sometimes we had questions when I meet with investors on gas oil ratio. We are right now seeing an oil cut that's somewhere in the range of 43% to 45%. We think that's going to continue as we move through the end of the decade. It may move around a little bit by quarter based on POP timing and geography. But we expect that to be pretty stable. And also on New Mexico, we're going to see more POPs into Mexico this year than we did last year. And overall, those tend to be bigger wells. They're more productive wells. They produce more oil. They also produce more gas. But very pleased with performance in the Permian and feel ver”