Increasing 2024 oil production guidance to 102 to 107 MBopd, up 2.5% at the mid-point versus prior guidance. Expect second-quarter 2024 total equivalent production of 625 to 655 MBoepd, oil production of 103 to 107 MBopd, natural gas production of 2,600 to 2,700 MMcfpd, and incurred capital expenditures (non-GAAP) of $470 to $550 million. Estimate 2024 Discretionary Cash Flow (non-GAAP) of approximately $3.1 billion and 2024 Free Cash Flow (non-GAAP) of approximately $1.3 billion, at $79/bbl WTI and $2.35/mmbtu average NYMEX assumptions.
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