Filing excerpt
The future net revenue attributable to our estimated PUDs was $9.5 billion, and the present value was $4.3 billion as of December 31, 2025. These values were calculated assuming that we will expend approximately $4.2 billion to develop these reserves ($2,044 million in 2026, $1,379 million in 2027, $700 million in 2028, $27 million in 2029 and $13 million in 2030).