DebtThe time to pay off debt is during good times when FCF is big. A company finds it much more difficult when prices are low. Lower debt means greater optionality for acquisitions and upgrading drilling portfolios. High debt companies go bankrupt or get swallowed up. Better to limit production growth and lower debt and keep the little dividend increases coming. Future prices of oil and gas are very hard to predict. Remember the little Saudi-Russian bun fight that drove oil prices down to diddly. What about the COVID crisis last year. Steady as she goes my friends.