Global energy demand will continue to increase as developing countries, seeking to improve their quality of life, access affordable and reliable energy. The share of renewable energy supply will begin to increase to help meet this demand while oil and gas demand plateaus, followed by a long, slow decline. As demand for oil and gas declines, the ability to effectively manage existing capacity becomes more important. Hilcorp will play a vital role in the energy mix that will develop over the decades to come. Our business model stresses the acquisition and efficient operation of late-life oil and gas properties. In many cases, these properties have experienced decreasing investment and declining production rates prior to our ownership. Hilcorp’s ability to reduce infrastructure, modernize and optimize equipment, and increase production while safeguarding the environment is not only an ESG strategy, it is our business model.