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  "notes": "Includes a table of market reactions to share repurchases and dividend increases in the E&P sector.",
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      "text": "Benefits of share repurchases including investor demand, accretion, and balance sheet capacity.",
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      "text": "Considerations including market reception, funding sources, and leverage constraints.",
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      "text": "Source: FactSet as of 03/16/18; 1 Market reaction defined as one day post-announcement; 2 Relative performance based on S&P 500 E&P index; 3 Based on PV of earn-out proceeds discounted to 5/1/18 at 8%",
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