Jeff. Thanks,
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by maintenance to transportation XXXX, annual expense continued to production absolute approximately $XX expect Beyond By decline is decline gathering we expense and in to gathering million XXXX, terms, existing relative of levels. XXXX assuming expected simply reductions, of and dollar $XXX importantly, output targeted million existing or and we These arrangements, over and are for XXXX. by are by goals amounts not large significant cost are ourselves. they an setting
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propane price combined demand production propane XX% gas level experience strong stocks greater and the US XX% of service, needed per our expect As the barrel $XX winter forward we elevated a ongoing drawdowns look books. QX storage storage storage with prior versus go February, years for than above versus achieve Thus improving low LPG average. the pre-hedge flat and by infrastructure with five weather we demand drawdown operations returned the with in improvements that driving year level, and made twice have has XXXX high winter scenarios, forward season the two quarter year bullish one of Northeast last XXXX. this cold pricing This average, associated propane at with XX% reduced prices gas propane across below have exports On along year-over-year. far, the to to meaningful been five to Appalachia winter and record forecast expected fundamentals, exports, LNG levels, the NGL for to the and third Midwest historical
Continued the European support should US and export Asian demand prices LPG international and in quarters. coming economics
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of We XXXX, in year-over-year leading to will the in NGL capability have XX% butane and Range's to export margins. improvements pricing over strong propane and
we marketing, in congratulate they've very on all like operational, year. a I'll the accomplished goals, for XXXX turn for over to environmental our our financials. all to discuss team to up and Mark I'd unique and operations now As wrap and delivering Mark? during it safety
