Gas Prices And CostsWeak gas price capture and higher costs (cash costs, depreciation, and corporate expenses) than expected are key concerns.
Inventory DepthThe estimated inventory depth in the Lower 48 states is reduced from approximately 15 years to 13 years due to more mature and less-productive assets.
Operating ExpensesManagement increased cash operating expenses guidance to $9.2-9.3 billion from $8.9-9.1 billion due to higher inflationary pressures and transportation costs.