We are highlighting Oklahoma, where production has been unphased despite a 50% cut to the rig count. However, closer look at the data highlights Oklahoma efficiency and intensity gains that have outpaced ALL other basins, leading to a steady volume of stages and sand pumped (highest correlation to production). Furthermore, big DUC draws have kept Oklahoma completion activity much more resilient than the rig count suggests, implying more downside to frac work (and production) may still be on deck.