But the shape and the speed of the recovery will dictate how quickly we return and get back -- executing that previous scope and pace of work that we had outlined last November. Incremental rates associated with this rig won't show up until 2020. Importantly, we have choices on how to manage the recovery in a way that maximizes value for shareholders. Yeah. Matt Fox -- Executive Vice President and Chief Operating Officer. This is a subsea production system tied back to Ekofisk that we expect to come on at the end of 2020. It's a very low cost of supply in the low 30s. Our focus is on preserving the productive capacity of our company and maintaining a strong balance sheet. Both, yeah. The first question I had was just around price realizations in the quarter. Please go ahead, your line is open. Yeah. And then as we are working our plans and testing our scenarios against what we see recovery or what kind of recovery it looks like in terms of timing and quantity, then we'll be -- we'll come to the market. In Permian, when that -- do you think that now is the time or that do you have a timeline when you will become more aggressive in pushing the activities there? Okay. Yeah, it will be a few years out before we get to the rig count that will ultimately take to plateau. Yeah. HOUSTON – ConocoPhillips (NYSE: COP) will host a conference call webcast on Tuesday, April 30, 2019 at 12:00 p.m. EDT to discuss first-quarter 2019 financial and operating results. All of our usual results and outlook details can be found in today’s published materials. Roger that's a fair question. And I'd add to the last question to Alaska is an additional 100,000 barrels a day that, we are doing in June that we aren't doing in May so. Yeah, we're spending a lot of time thinking about what the trajectory of the recovery would look like, and we have a view that we see demand recovering and some supply restraints. And Corridor, I think Bill. We only recognize the earnings and the cash as we receive it, and I think that's probably the appropriate way to view it considering the situation and the counterparty. Of course, our DD&A fill reduced considerably during the quarter, as you would expect, with lower production. The -- I wouldn't say there's a specific trigger. I think it's really a question of when this new gas export capacity is going to come on. Bob Brackett -- Bernstein Research -- Analyst. And obviously, share buyback is one of those options that we're looking at as well as some sort of variable dividend type of structure. What production level are you assuming for your cash flow guidance? Good morning, team, and congrats on a good quarter here. The -- that becomes a question of in the long run how we see this epidemic and implications for demand -- the implications for long-term demand and therefore prices. The -- and that well appears to have clipped the edge of the top set based on its log response. Our next question comes from Scott Hanold from RBC. Our balance sheet got stronger. Yeah. The underlying business is running well. Yeah. I will now turn the call over to Ms. Ellen DeSanctis. Yeah. Hey, Paul, it's Dominic here. Thank you, Ellen and welcome to today's call. Thank you. Well, we’re built for it. Actually, LNG realizations have held up pretty well so far. Our lower capital intensity, portfolio diversification and financial strength represent a relative advantage compared to the competition. We also had some impacts from our curtailment decisions. So that’s where we are in the process. Yes. Douglas Terreson -- Evercore Group LLC -- Analyst. The company’s financial and operating results will be released before the market opens on April 30. Please go ahead, your line is open. While we strive to produce the best transcripts, it may contain misspellings and other inaccuracies. So although, yeah, we appear to be heading -- we appear to be ahead of that, there is no -- there is no real change for the full year. This is another great example of the value of diversification in our portfolio. And that mantra is fully understood by everybody that works here and we're focused on moving every little -- every sense we can on the cost of supply over time. Okay. or that you will be evaluating other opportunity set to supplement that? Dazu gehört der Widerspruch gegen die Verarbeitung Ihrer Daten durch Partner für deren berechtigte Interessen. But should we think about like Conoco coming up and sort of recasting what we -- some of what we heard in terms of like high level operations on how you approach your growth strategy over the next several years, considering what has happened over the last several months? Of course, OK. We did it in 2016. The -- but we -- this was a topical question several months ago, and it's becoming topical again. Your cash position is building, its strong. Thanks. Please go ahead. So, my question is, are these the primary drivers of your curtailment decisions? And we had identified this acreage even a year or two ago. I think the questions in front of us are what kind of recovery are we seeing in the market, if any, maybe some of the other people that think it's going to be flat forever. No. We have no further questions at this time. Thanks for having me on. Thank you. Because I have to believe that, running up back down an escalator you're basically going to come out the other end of this with lower absolute production capacity, on the Big three and the Lower 48. And this represented a really good low cost of supply entry into the basin for us. So, I'm wondering, do you see the current or medium-term environment simply pushing out the 10-year plan? I understand that things are at kind of a confidential stage for the industry right now. And we'll have more to say about that as the year follows through and as we get closer to 2021, but that's what we're trying to -- those are the -- that's why I wanted to establish those kind of questions we're asking ourselves which I think all of industry is asking itself. We generated $3.4 billion of cash from operations resulting in free cash flow of $1.7 billion in the quarter and $3 billion year-to-date. ConocoPhillips Co (NYSE: COP) Q2 2019 Earnings Call Jul 30, 2019, 12:00 p.m. Our exposure is mainly on the LNG side and on the European gas side. So we didn't feel as if, just to -- just to stick to the capital program for the sake of doing that without recognizing the extra value that we could add here. But there, there are still opportunities out there that could be attractive additions to the portfolio, as we go through time, as long as they meet those two criteria that I mentioned a minute ago. When we look at the total improvement from a blend ratio perspective, we'll be reducing about -- actually improving about 35% from a total blend perspective and that's upward of a $2 a barrel. Thanks Sanara. July 30, 2020 ... ConocoPhillips to Hold Third-Quarter Earnings Conference Call on Thursday, Oct. 29. Devin McDermott -- Morgan Stanley -- Analyst. So we’re quite encouraged with the results that we’ve seen in Narwhal. Could you rephrase that for me? Yeah, I think we'll -- I think once we get through all of the noise associated with curtailments, we'll be talking a little bit differently about guidance as we go forward. Now the tactics of the 10-year plan were based on, how we're going to optimize our investment choices that we had. How do you think about this moving beyond 2020? We still believe that that's going to close in the second quarter. Our next question comes from Paul Cheng from Scotiabank. There was — Eagle Ford was down a little bit, just because of the timing of when we’re bringing wells on, and there was growth in the Permian, and the Permian production is a bit gassier than the Eagle Ford production. Second question for Don. Yeah. We'll also refer to some non-GAAP financial measures today, and reconciliations to the nearest corresponding GAAP measure can be found in this morning's press release and also on our website. (Operator Instructions) Please note that this conference is being recorded. On Corridor, the Indonesian PSC, I think you've mentioned sort of on previous discussions that it was probably going to be quite challenging to renew. Our next question comes from Ryan Todd from Simmons Energy. So it's going to be a bit lower in the second half to get the -- and to end up with that balance. I think first question maybe is for Matt. That's my first question. So we would expect that that relationship would return once demand picks up in California and the rest of the West Coast. Thank you everybody and thank you you again Sanara, if you have any calls, please feel free to reach out to Investor Relations and look forward to seeing all of you over the next several months. Yeah. We anticipate that the initiative will be part of the ballot.So they are in the process of certifying those now. And I'm just curious how you're now thinking about Willow and how the timing -- I guess just based on your base case macro view from your another -- a lot of potential outcomes. We will now begin the question-and-answer session. But I'm not sure I caught what you said on the status of the permits. And you provided back at the Investor Day, your helpful analysis of stress testing. But we’ve been in Alaska for over 40 years.

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