Certainly, we’re trying to take that off the table with the different partnerships we have in different areas, and then, of course, Chevron just themselves can play a part. So we’re checking the boxes where you can kind of look out three years from now, five years from now, say, look, I can see how this works. And so we’re proud of that and we just got to keep pushing and keep advancing and Robin’s team is doing that.
Subash Chandra: Okay. Good color. Thanks. And then the second is on Puma West, I guess. What do you think now of timing of a determination or proceed and when you — when you talk a full development or is there a distinction here between a tie back or standalone, or are we still sort of do we drill more or don’t we.
TimDuncan: Yes, no, I think it’s making sure you have everything you need to make that kind of commercial decision. I mean if you think about the Mad Dog field. It’s just an enormous resource and what we’re always trying to do in Puma West was take the characteristics of that field and see if they were present to the west and the characteristics, you’re looking for is doesn’t have the right geology doesn’t have those sands those Middle Miocene sandstones. Are they present to the west? Do you have a source in charge? Is that present and do you have the full connectivity? Do you think you have to have to go ahead and make a commercial decision? I think we’ve checked a couple of those boxes but not all the boxes, and we have we wouldn’t talk about multiple pays obviously there’s charge or we wouldn’t say there were hydrocarbons but we want to see the connectivity and the things you need to make that commercial decision and look, I think the view of the partnership is it probably needs another wellbore to really understand that.
And so it’s not full development this was never intended to be something where people are trying to spend $1.5 million into a full development, there’s ample infrastructure in the area. These are still very expensive projects and you want to make sure you get them, right, and it’s going to require another what to do that. We have time to make that decision. You have another year, anytime you drill a well like we did to kind of think about your next steps and I think the partnership is going to absorb the data and think about what the right next moves are.
Subash Chandra: Okay, got it. So for clarity there. So there’s nothing here in the next three months or six months that you would think that’s probably more about the study. And maybe if any ’24 events.
TimDuncan: No. That’s exact.
Subash Chandra: Great, thank you.
Operator: Our next question comes from Jeff Robertson with Water Tower Research. Please go ahead.
Jeff Robertson: Thanks, Tim. On the heels of the EnVen acquisition and the amount of free cash flow that you all laid out between now and 2026, does that change at all how you think about allocating capital in assessing risk across the upstream portfolio in the Gulf?
TimDuncan: Well, I’ll start there and Shane can speak some other comments, one thing to keep in mind maybe not be fully understood, and what we’re talking about in our prepared remarks, is we did have six straight exploitation and development well successes and what happens there, if you can think about Lime Rock and Venice and what we talked about earlier you don’t assume all those are going to work, maybe assume two out of three of those are going to work. When you have six in a row, you have to unrisk a lot of capital and so we have capital in the system that on a risk basis, you may not anticipate they didn’t deliver those unrisk results in the second half of this year and going into 2024. The point being we’re taking some risk off knowing that production is coming, and so I think that’s very positive.
