Good afternoon. My name is Doris, and I will be your conference operator today. At this time, I would like to welcome everyone to the Apache Corporation third quarter earnings conference call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. Thank you. I will turn the conference over to our host, Mr. Gary Clark, Vice President of Investor Relations. Sir, please go ahead. Gary T. Clark - Apache Corp.: Good afternoon and thank you for joining us on Apache Corporation's third quarter 2016 financial and operational results conference call. Speakers making prepared remarks on today's call will be: Apache CEO and President John Christmann; Executive Vice President of Operations Support Tim Sullivan; and Executive Vice President and CFO Steve Riney. In conjunction with this morning's press release, I hope you have had the opportunity to review our third quarter financial and operational supplement, which can be found on our Investor Relations website at investor.apachecorp.com. I'd like to remind everyone that today's discussions will contain forward-looking estimates and assumptions based on our current views and reasonable expectations. However, a number of factors could cause actual results to differ materially from what we discuss today. A full disclaimer is located with the supplemental data on our website. Also, please note that Apache's third quarter 10-Q will be filed at the close of business today. I would now like to turn the call over to John. John J. Christmann - Apache Corp.: Good afternoon and thank you for joining us. Apache continues to make great progress on the goals we set at the beginning of the year, and our recent announcements and third quarter results underscore this positive performance. On today's call, I will discuss four primary topics. First, I will review the strategy we laid out at the beginning of 2015 to guide Apache through the downturn. I will outline how the execution of that strategy has positioned Apache for success in 2017 and beyond. Then, I will discuss our capital spending priorities as we look ahead to 2017. Following that, I will review our Permian, Egypt, and North Sea regions, and then conclude with a discussion of the Alpine High. At the start of the downturn, we established some guiding principles that have brought us to where we are today. These were: dramatically reduce development spending until price and costs come into better equilibrium; establish a strong financial position and protect it by living within cash flow; and prepare the portfolio for long-term returns, growth, and shareholder value. At the start of 2016, we put forth a very conservative capital budget of $1.6 billion. This spend level was based on a plan to live within cash flow at $35 per barrel of oil. Our capital allocation process reflected the decision to constrain capital investment in North American onshore development activities. Despite this, our North American onshore production has performed well in 2016, which is a testament to Apache's greatly improved capital efficiency and the relatively low decline rate of our Permian-anchored production base. At the beginning of 2016, our planned capital allocation for the Alpine High play was less than $100 million. As the year progressed and cash flow came in above budgeted levels, we elected to invest incremental cash flow in Alpine High rather than chase near-term production growth elsewhere. As a result, we now expect to spend approximately $500 million in Alpine High this year, which effectively accounts for the incremental cash flow above our original budget. Our financial and operational discipline has served us well. We plan to end the year with relatively unchanged net debt, and we brought forth a transformational discovery at Alpine High that will drive incremental growth and returns for years to come. With regard to next year's outlook, in February on our fourth quarter conference call, we will provide a detailed view of our 2017 capital budget and other guidance items. In the meantime, I thought it would be helpful to provide the following high-level summary of our 2017 investment priorities. Our top priority next year is funding the Alpine High. The budget will likely consist of a four- to six-rig program and a first wave of midstream build-out. The near-term pace of spending on Alpine High will be governed by the timing of infrastructure availability, as well as a prudent appraisal and delineation program. Our goal in 2017 is to ensure that investment levels do not outpace our comprehensive understanding of the opportunity or our capacity to get product to market. Our next priority is to increase development activity in our other Permian Basin focus areas. Specifically, we will add three rigs in the Midland Basin before year-end 2016, bringing our total rig count to five. This additional activity, coupled with first gas production from Alpine High, will return the Permian Basin to a strong growth trajectory in the second half of 2017. We will also continue to invest in Egypt and the North Sea at levels designed to sustain production and generate significant free cash flow. And, lastly, our other exploration projects and North American development opportunities will compete for the remaining available capital. Now turning to the third quarter. As noted in this morning's press release, Apache's adjusted production in the third quarter, which excludes tax barrels and our non-controlling interest in Egypt, was approximately 438,000 barrels of oil equivalent per day. This is comprised of 270,000 BOEs per day in North America onshore and 168,000 BOEs per day from the international and offshore. Production in North America onshore continues to perform well despite minimal development capital. For the full-year 2016, we expect North American onshore production will be in the upper half of our most recent guidance range of 268,000 to 278,000 BOEs per day. In the Permian, while we are clearly excited about our Alpine High acreage, we are also positioned for very attractive growth and returns elsewhere in the basin. Our focus on strategic testing during the downturn has yielded excellent results in our core Midland and Delaware Basin acreage, where we have expanded and prioritized our inventory of high-return projects. Improved landing zone targeting and new completion designs are delivering strong well performance in both areas. With these improvements and the significant progress we have made on costs, we are confident in bringing growth-oriented capital investment back to the Permian Basin. As such, we have initiated a more aggressive development drilling program the Midland Basin, and will look to expand our rig count further in 2017 if warranted by commodity prices and available cash flow. Turning briefly to our international and offshore regions, production for the quarter excluding tax barrels and our non-controlling interest in Egypt, was 168,000 BOEs per day, comprising 98,000 BOEs per day from Egypt, 62,000 BOEs from the North Sea, and 8,000 BOEs from the Gulf of Mexico. During the quarter, our North Sea operations were impacted by planned and unplanned maintenance downtime, as well as third-party facilities downtime. Thus far, we have seen volumes in the fourth quarter rebound to more normalized levels. For the full-year 2016, international and offshore production is on track for the midpoint of our 170,000 to 180,000 BOE per day guidance for the year. I am very pleased with the drilling results in our international operations this year. Our exploration and development drilling success rate in Egypt and the North Sea year to date is approximately 90%. Apache made another key discovery in the North Sea this quarter in our Storr prospect. We highlighted this prospect in our North Sea investor webcast late last year, and it marks our third consecutive exploration success since acquiring 3-D seismic data in the Beryl area. This validates the quality of our 3-D seismic data and geologic modeling and gives us higher confidence in the dozens of future exploration prospects we have identified to date. Now I would like to spend a few minutes discussing our Alpine High play. The Alpine High is an immense resource and a transformational discovery for Apache. We have invested a significant amount of human and financial capital through two years of extensive geologic and geophysical work and reservoir and fluid analysis. This was accompanied by concept testing an initial round of verification wells, the results of which we disclosed in early September. We are now engaged in a methodical appraisal and delineation program to confirm the geographic and stratigraphic extent of the play and to formulate our long-term infrastructure plan. This work will continue for the next several quarters before transitioning to an active development program once gas processing and transportation infrastructure is in place. The Alpine High can be broadly characterized as five distinct target formations, all of which we believe will be highly economic. This includes the Bone Springs and Wolfcamp, which are prevalent and productive throughout the Delaware Basin. These hybrid unconventional plays are the current focus of the industry to the north and east of the Alpine High. Two early tests have demonstrated that these formations are oil productive and offer significant potential at Alpine High. More appraisal drilling in these zones is necessary before we will provide prospective location counts and resource-in-place estimates. Underlying the Bone Springs and Wolfcamp and unique to the Alpine High is a true resource play in the Pennsylvanian [Penn], Barnett, and Woodford formations. This is a world-class source rock sequence, up to 1,500 feet thick across our acreage position. Based on our appraisal program to date, we anticipate this will become a very large resource play with attractive rates of return and breakeven economics. Together, the Penn-Barnett-Woodford source rock in the two hybrid unconventional zones in the Bone Springs and the Wolfcamp are up to 5,000 feet thick across Apache's Alpine High acreage position. Given this extensive vertical column, we anticipate drilling multiple landing zones in each of these formations and ultimately defining several pipe wells and associated location counts. As a reminder, in previous disclosure, we assigned only one landing zone to each of the Barnett and the Woodford formations on only a portion of our acreage to arrive at our current 2,000 to 3,000-plus location count. When we announced Alpine High in September, we provided production results from eight horizontal wells, six in the Woodford and one each in the Barnett and Bone Springs. The objective of this initial group of wells was only to test the boundaries of specific geologic settings and evaluate certain potential hazards. We made no effort to optimize completions, well orientation, or landing zone placement. Despite this, the test wells have continued to perform very well. Since Barclays, we have flow-tested two additional wells. The Black Hawk 1H, a normally pressured Woodford well, flowed at a peak 24-hour IP rate of 5.3 million cubic feet of gas, 224 barrels of oil, and 245 barrels of NGLs. The Redwood 1H, an over-pressured Woodford well, flowed at a peak 24-hour IP rate of 18 million cubic feet of gas. This well was drilled to a vertical depth of nearly 14,000 feet, further confirming our thermal maturity model of the play and the depth limit of the wet gas window. Tim Sullivan will provide more details on our Alpine High wells in his remarks. Finally, we have closed several additional acreage transactions over the past two months, and our Alpine High position now comprises 320,000 net contiguous acres. Apache identified and captured this position for an average price of $1,300 per acre over a period of approximately two years. This very low entry cost gives us an advantage that we believe will translate into very attractive returns on capital employed compared to the alternative of acquiring prospective Delaware acreage at current transaction prices. To summarize, our near-term drilling objectives at Alpine High include: geographic testing to define geologic settings across our acreage position; stratigraphic testing to collect data from all five formations; defining the number of landing zones and the optimal well placement and orientation within each formation; and enhancing completions and testing longer laterals and well spacing to optimize full field development. At this point, we can say with confidence that the Alpine High contains thousands of predictable high-return horizontal drilling locations that will drive returns and production growth for many years to come. Importantly, Apache controls the vast majority of the play, and we have the ability to establish the pace and scope of development. Our ultimate goal is to optimize value of this extensive resource base for the maximum long-term benefit of our shareholders as well as other stakeholders. I would now like to turn the call over to Tim Sullivan and Steve Riney, who will discuss the company's drilling results, financial performance, and midstream plans before coming back for some final remarks ahead of the Q&A session. Timothy J. Sullivan - Apache Corp.: Thank you, John, and good afternoon. My remarks today will be focused on providing more detail around results from our core areas, highlights from specific wells, and near-term development plans. Our Permian region produced 159,000 barrels of oil equivalent per day in the third quarter, or nearly 60% of Apache's total North American onshore production. Production in the Permian Basin decreased by roughly 6,200 BOE per day from the second quarter, as their declines were buffered primarily by 13 well tie-ins and our Northwest Shelf Yeso play. In our new Delaware Basin discovery, the Alpine High, we're showing results from 10 wells, comprising eight Woodford, one Barnett, and one Third Bone Springs wells. On page 15 of the operations supplement, we have updated our production curves from the wells we showed at Barclays and have included the two most recent wells. As you can see, our Alpine High wells compare favorably with the P-50 type curves for the Marcellus, Utica, and SCOOP resource plays, with half the wells producing at or above the P-50 type curves. Keep in mind, the Alpine High wells are short laterals and have not been normalized for lateral length. Also, the completions and landing zones have not been optimized. These initial wells were drilled as appraisal wells and test-of-concept and were oftentimes drilled near hazards so that we can better understand the boundaries of the play. Given this, we are excited about the early time performance. We are shutting wells in as we complete testing and we'll collect pressure buildup data. These wells will be brought back online when we begin selling gas in 2017. The two new Alpine High wells John previously mentioned are both producing from the Woodford formation. The Black Hawk State 1H, which was drilled in a normally pressured setting, has the highest oil cut in the Woodford among the wells we have drilled to date. The Redwood 1H is the deepest well we have drilled and is our highest gas producer. We have also updated production from the Bone Springs producer Mont Blanc 2H, which can be seen on page 17 of the operations supplement. The well, which was a non-optimized completion with a short lateral, has a cumulative production of greater than 40,000 barrels of oil equivalent over 100 days and is currently producing 220 barrels of oil and 580 MCF per day with a stable GOR. Also, you can see that the water production has decreased to approximately 275 barrels per day. The wells drilled to date have confirmed the unprecedented picture of the vertical dimensions of the play of the Bone Springs to the Woodford across our acreage position, with the hydrocarbon column ranging from oil to wet gas to dry gas confirming our geologic model. We have seen a range of initial oil cuts in the Woodford from zero to 20%. The shallower Barnett well has an oil cut of 21%. These yields are in line with our thermal maturity model and can be correlated to depth. The gas is extremely rich, with an average BTU of approximately 1,300. This should provide for an average NGL yield in excess of 100 barrels per million cubic feet of natural gas when permanent facilities are in place. As expected in a resource play, Alpine High is becoming more predictable. Every well we've drilled has confirmed our model. In the Pecos Bend area in the Delaware Basin, we placed seven gross operated wells on production, all of which targeted the Third Bone Springs formation. We continue to see excellent production performance across this play. Our Blue Jay Unit 103H well continues its strong performance. Using 3-D seismic, we targeted a highly fractured area. The well has produced 427,000 barrels of oil equivalent in just under seven months, achieving an average rate of roughly 2,260 barrels of oil equivalent per day. This well is currently producing approximately 1,500 barrels of oil equivalent per day, of which 60% is oil. In a less fractured area of the play, we are also able to drill economic wells by utilizing pad drilling operations. On our Falcon State lease, a 6-well pad came online in mid-September, with an average 30-day rate of 625 barrels of oil equivalent per day. This pad also demonstrated our best-in-class operational efficiencies in this basin, with an average total well cost of $3.5 million per well. In the Midland Basin, Central Basin Platform, and Northwest Shelf, we placed a combined 16 gross operated wells on production in the quarter. We ran two rigs in the third quarter, primarily in the Midland Basin, and intend to ramp up to five rigs by the end of the year. Activity is focused on stratigraphic landing zone targeting and development pad drilling in the Wolfcamp and Spraberry shale formations and our Wildfire, Azalea, and Powell focus areas. We also expect to bring 20 horizontal wells online over the next two quarters across these three areas. As we stated on our last quarter call, in the third quarter we brought online the CC 4144 East 2HM, producing from the Wolfcamp B formation at Powell. This well continues to show strong performance and has produced 136,000 barrels of oil equivalent in the first 90 days online, at an average of more than 1,500 barrels of oil equivalent per day. This well along with our Connell 38B 2HM and 38C 2HM wells were drilled with our improved targeting and completion design, which we highlighted last quarter. Please refer to page 18 in our operations supplement for a production update of our Midland Basin focus area. Subsequent to quarter end, we brought online the Lynch A 6HM, a Wolfcamp B producer in our Wildfire area in Midland County. This 8,500-foot lateral was completed with 146 frac stages at approximately 60-foot frac spacing, pumping 1,700 pounds per foot of sand. The well is still cleaning up and has not reached peak production but is flowing at a rate of 1,120 barrels of oil and 1.1 million cubic feet of gas per day. In addition to this well, we will be testing one Middle Spraberry and three Lower Spraberry wells in our Wildfire focus area later this month. Much of our previous strategic testing in the Wolfcamp and Spraberry involved completions and landing zone optimization. The improvements we are making, as demonstrated by these wells, will significantly enhance our Midland Basin program going forward. In the Northwest Shelf, we placed nine horizontal Yeso wells in production during the quarter and continue to generate very good production rates and economics from this play. The 30-day rate for these nine wells averaged almost 450 barrels of oil equivalent per day. With our best-in-class drilling and completion cost for these wells, we averaged less than $2.5 million per well. This program generates extremely favorable economics on a fully burdened basin. In addition to the nine horizontal Yeso wells, we also placed four vertical Yeso wells on production during the quarter. Outside of the Permian, Apache had no active drilling rigs operating in North America during the quarter. We did, however, test seven operated wells, all in Canada, in our Annie Creek, Montney, and Wapiti Montney focus areas. Most notably is our 9-of-23 well, completed in the Lower Montney in our Wapiti area. This well tested at an impressive initial rate of 10.6 million cubic feet of gas per day and approximately 2,000 barrels of condensate per day, with a total estimated completed well cost of $6.2 million. We are making great progress in North America, even at our low level of reinvestment. We remain focused on returns and are positioning the Permian Basin for a growth trajectory in the second half of 2017. Moving to international and offshore operations, in Egypt, gross production of 350,000 barrels of oil equivalent per day was up slightly compared to the second quarter. On a net basis, adjusted volumes declined sequentially by 3,000 BOE per day, primarily due to the impact of improving Brent oil prices on cost recovery mechanisms and our production sharing contracts. We continue to benefit from a robust, optimized drilling program, drilling 45 producers and only five dry holes, achieving a 90% success rate through the first three quarters of 2016. Apache placed nine wells on production in Egypt during the third quarter. Most notably is the Ptah #12, producing from the Shiffah formation, with a current peak oil production of over 2,800 barrels of oil per day. Since field discovery in November 2014, the Ptah and Berenice fields have produced a combined 17 million barrels of oil equivalent from only 14 wells and are still producing at a rate of more than 38,000 barrels of oil equivalent per day. Well costs for this play averaged only $3.2 million per well. In the North Sea, third quarter production decreased approximately 8,300 BOE per day due to downtime resulting from planned maintenance turnarounds and third-party operated facility restrictions that impacted production. This was associated with seasonal turnarounds that occur in this region during the late summer. This deferred some 3Q production into the current period, so we expect 4Q volumes to bounce back to levels we've seen in the first half the year. As John mentioned, we also made a nice discovery at our Storr prospect in the Beryl area, which encountered hydrocarbons in two separate fault blocks. The results were in line with pre-drill estimates, and we expect to test more fault blocks at Storr in the future. Apache has a 55% working interest, with Shell holding the remaining 45%. In late October, we commenced drilling our next Beryl area prospect, Kinord, which we expect to reach TD by year-end. Please refer to our November 2015 North Sea investor update for more details on Storr, Kinord, and other opportunities in the Beryl area. I would note a new high-rate development well at the Beryl field, the Nevis North NNA, which came online mid-September. The 30-day average rate for this well was 20 million cubic feet of natural gas equivalent per day. At our Aviat project in the Forties field, we have now completed and tied in the first well. As you may recall, Aviat enables a switch from diesel to natural gas as our primary source of power for the Forties field. This is an environmentally friendly project that will extend the economic life of Forties due to lower operating costs and reduce certain safety and reliability risk associated with bunkering diesel to our platforms. We estimate our annual diesel savings due to this project at $15 million per year. Importantly, using natural gas to fuel the Forties field should enable us to maintain higher and more stable water injection rates, which should in turn result in higher sustained hydrocarbon production from the field. In Suriname, we completed our 3-D seismic shoot on Block 58 in September, and we will have preliminary processing results by year-end and a fully processed data set in the third quarter of 2017. On the adjacent Block 53, we will commence drilling operations on a commitment well in the first quarter of next year, the Kolibri #1. While this is an attractive and sizable exploration prospect, very few wells have been drilled to this depth offshore Suriname, and as such, carries a significant amount of risk. The dry hole cost to Apache for this well is estimated at less than $40 million. To sum up international and offshore, while activity was limited, we had very good exploration and development results in both Egypt and the North Sea during the third quarter. We're excited about the future exploration potential in our international and offshore portfolio and look forward to providing more details in the future. I would now like to turn the call over to Steve. Stephen J. Riney - Apache Corp.: Thank you, Tim, and good afternoon, everyone. On today's call, I will discuss the following. First, I will review our financial results for the third quarter and provide updated 2016 guidance on selected items. Next, I will provide a few details on our near-term Alpine High infrastructure development activities, which have the primary purpose of achieving first gas sales around mid-2017. Then I will conclude by outlining the framework that we intend to follow as we put together our 2017 capital budget. Before I dive into our (28:44), I want to remind everyone that all of our numbers I will review on today's call are now reported under the Successful Efforts accounting method. For those who would like to compare these results to those under the Full Cost accounting method we used in the past, please reference the 10-Q that will be filed later today. As noted in our press release, Apache reported a loss of $607 million or $1.60 per common share. Our results for the quarter include a number of items outside of our core earnings that are typically excluded by the investment community in published earnings estimates. This includes a $355 million impairment of certain proved properties in Canada as a result of downward reserve revisions related to well performance and lower expected net gas realizations. In addition, with the reduction of the UK petroleum revenue tax, or PRT, to 0% in September, we recognized a charge of $481 million to eliminate the PRT benefit associated with certain future abandonment costs. Despite the apparent negative impacts of the change, in the long term the reduction in the PRT tax rate will improve our North Sea returns. When excluding these and other smaller items, our adjusted loss for the quarter was $12 million or $0.03 per share. In the third quarter, Apache generated $651 million in cash flow from operations. We operated near cash flow neutrality after paying dividends and after increasing capital expenditures in the Alpine High and in our core Midland Basin. As a result, we ended the quarter with $1.2 billion of cash. Our 2016 CapEx guidance, which we updated in early September, remains unchanged at $2 billion. And we still intend to end the year with unchanged or lower net debt. A combination of asset disposal proceeds and a significant U.S. tax refund, both anticipated in the fourth quarter, should enable us to achieve our targeted cash balance of $1.5 billion at year end. Turning to costs, lease operating costs in the third quarter were $7.94 per barrel of oil equivalent, approximately 10% lower than the same period last year. As previously guided, LOE per barrel of oil equivalent increased from the second quarter due to higher seasonal maintenance activity and increased workover expenses. While we expect LOE per BOE to trend a little higher in the fourth quarter, we are again revising our full-year 2016 guidance down to less than $8 per barrel of oil equivalent. This just reinforces the tremendous progress we have made on costs this year. On the G&A side, our gross overhead spend, which we've defined on previous calls, continues to track toward the lower end of our 2016 guidance of $650 million to $700 million. As such, you can now expect our 2016 gross overhead spend to be about $650 million. Lastly, exploration expense in the third quarter was $161 million. $114 million of this was attributable to unproved leasehold impairments in Canada, the Eagle Ford, and the Canyon Lime. Last quarter we guided to $250 million to $300 million of exploration expense for the full year. With the incremental impairment from the third quarter, we now expect full-year 2016 exploration expense in the range of $350 million to $400 million. I would now like to provide a few details on our Alpine High infrastructure development plans. There's currently very limited infrastructure in the immediate vicinity of our acreage. During the course of delineation drilling, Apache has installed skid-mounted refrigeration units to process gas and recover natural gas liquids. NGL recovery volumes are currently constrained by the capability of these temporary units. We have also installed separation facilities to recover oil. Both the oil and the NGLs are being trucked to local sales points. These temporary arrangements will over time be replaced by more permanent solutions. The initial objective of our infrastructure investment is to establish permanent gas processing capacity and transportation of residue gas to market sales points. First gas sales are expected in the middle of 2017. Field processing of the gas stream will be accomplished using refrigeration units at key locations across the acreage. These units are modular and can be expanded commensurate with increasing production. This will help optimize the pace of capital deployment and maximize efficiency. A high priority during the initial phases of field development is to ensure that production is not limited by processing or transportation capacity. The gas takeaway infrastructure will include 60 miles of 30-inch diameter trunk line that will traverse our entire Alpine High acreage position. Major third-party transport lines are currently situated or are under construction in locations approximately 10 miles to the north and south of the Apache leasehold. The Waha hub is located less than 50 miles to the east of Apache's acreage and provides access to most major U.S. markets. Apache is currently evaluating numerous options to utilize these points of access to both U.S. and Mexico gas market opportunities. We will install the trunk line across the Alpine High and establish most market connections through 2017 and 2018. As indicated previously, NGLs are currently being transported by truck to local sales points. As production volumes increase, NGLs will eventually exceed trucking capacity and will require pipeline transport. Apache is evaluating options for the type of gas processing and the means of access to major NGL markets. There will be additional disclosure regarding these plans in the future. Apache's Alpine High infrastructure strategy will address both the near-term requirement for market access during the appraisal and delineation phase as well as the long-term requirements for optimizing value through the transition to full field development. As the ultimate production potential of the Alpine High is better understood, the long-term infrastructure requirements will be formulated accordingly. As with all capital decisions at Apache, infrastructure investment and full field development decisions at Alpine High will be made with full-cycle, fully burdened long-term returns as a key priority. To reiterate some of John's early comments, as we think about our 2017 capital allocation process, we will do so based on a continuation of our core principles. We will focus on living within our means, maintaining our strong financial position, and investing to improve long-term returns. We will provide the details of our 2017 capital plan and guidance in February. However, I would like to share three of the key themes in this year's planning process. First, the Alpine High and the rest of the Permian Basin will be high priorities for our capital program. We fully expect to return the Permian Basin to a strong growth trajectory in the second half of 2017. We are pleased with the improvements we made during the downturn across our portfolio, and we are now prepared to execute on our robust growth plan. Second, we will continue to fund our Egypt and North Sea assets to sustain production and free cash flow. Our returns in these regions are highly competitive, and the free cash flow is critical for funding growth opportunities without resorting to dilutive equity raises. Finally, we are fortunate to have many quality assets that will compete for capital funding throughout the portfolio. In some situations, when funding availability is scarce, we have the luxury of deferring investments without significantly impacting underlying values. With that, I will turn the call back over to John. John J. Christmann - Apache Corp.: Thank you, Steve. Before taking questions, I wanted to make a few closing comments. Apache used the industry downturn to drive substantial change and improvement. We drastically reduced our cost structure, implemented a rigorous and integrated capital allocation and planning process, upgraded and expanded our drilling inventory, improved our capital efficiency, and positioned ourselves extremely well for the future. We invested a high percentage of our precious capital in strategic testing and captured the Alpine High play. This significant new discovery reflects not only the company's strategic focus on organic growth, but also highlights the strong technical capabilities that were necessary to discover and secure it. In 2017, we will continue to manage oil and gas price volatility by setting a reasonable expected price band and gearing our capital spending, return targets, and capital structure to the lower end of that band. Should realized prices come in higher, we will maintain the operational and financial flexibility and optionality to respond accordingly, as we have done in 2016. Our overall strategic approach will remain unchanged. Apache will live within its means, maintain its strong financial position, continue to build and develop our high-quality drilling inventory, and invest our capital with a primary focus on improving long-term returns and creating shareholder value. And with that, I'll turn the call over to the operator to begin the Q&A.