Sees FY23 capital expenditures, excluding noncontrolling interests, to total $1.700B-$1.900B2023, including $1.400B-$1.535B planned for reserve development. Included in the 2023 capital expenditures budget is greater than $100M of capital associated with delayed 2022 wells which are now expected to be TIL in 2023. During 2023, the Company plans to TIL 110 – 150 net wells, including 17 – 24 net wells expected to be TIL in the first quarter of 2023. Inclusive of the Company’s advantaged hedge position, the Company estimates a 2023 NYMEX Henry Hub free cash flow breakeven price of approximately $1.65 per MMBtu. All guidance items exclude the impact of the pending Acquisition.
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