Drilling Inventory And Execution ChallengesChallenges with drilling inventory quality in the Delaware Basin and Bakken, combined with gathering constraints, could limit production upside and reduce realized prices for gas-weighted volumes.
Midstream Capacity ConstraintsNatural gas processing and transport capacity limitations in core basins constrain volumes and can pressure realized gas prices until takeaway capacity materially improves.
Production And Capex Guidance RiskProduction guidance modestly below expectations while capital spending guidance modestly exceeds estimates could pressure reported results and investor sentiment.