2025 Guidance Highlights: Raised previously communicated maintenance production targets by 50 MMcfe/d to 3.35 to 3.45 Bcfe/d, driven by growth in liquids production; Realized natural gas price is expected to average a premium of $0.10 to $0.20 per Mcf to NYMEX; Realized C3+ NGL price is expected to average a premium of $1.50 to $2.50 per barrel to Mont Belvieu; Reduced previously communicated drilling and completion capital budget, by $25 million at the midpoint to $650 million to $700 million
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