Centennial Resource Development, Inc.

Good morning and welcome to Centennial Resource Development's conference call to discuss its first quarter 2021 earnings. Today's call is being recorded. A replay of the call will be accessible until May 12, 2021, by dialing 855-859-2056 and entering the conference ID number 757-8513. or by visiting Centennial's website at www.cdevinc.com. At this time, I will turn the call over to Hayes Mabry, Centennial Director of Investor Relations, for some opening remarks. Please go ahead, sir.

Thank you, Thea, and thank you all for joining us on the company's first quarter earnings call. Presenting on the call today are Sean Smith, our Chief Executive Officer, George Glyphos, our Chief Financial Officer, and Matt Garrison, our Chief Operating Officer. Yesterday, May 4th, we filed a Form 8K with an earnings release reporting first quarter earnings results for the company and operational results for our subsidiary, Centennial Resource Production, LLC. We also posted an earnings presentation to our website that we will reference during today's call. You can find the presentation on our website homepage or under presentations at www.cdevinc.com. I would like to note that many of the comments during this earnings call are forward-looking statements that involve risk and uncertainties that could affect our actual results and plans. Many of these risks are beyond our control and are discussed in more detail in the risk factors and forward-looking statement sections of our filings with the Securities and Exchange Commission, including our quarterly report on Form 10-Q for the quarter ended March 31st, which will be filed with the SEC later this afternoon. Although we believe the expectations expressed are based on reasonable assumptions, they are not guarantees of future performance, and actual results or developments may differ materially. We may also refer to non-GAAP financial measures that help facilitate comparisons across periods and with our peers. For any non-GAAP measure we use, a reconciliation to the nearest corresponding GAAP measure can be found in our earnings presentation or earnings release, which are both available on our website. With that, I'll turn the call over to Sean Smith, our CEO.

Thank you, Hayes. Good morning and welcome to Centennial's first quarter earnings call. This was another quarter of solid results and I'm extremely proud of our team's performance in the field, particularly in light of the challenging operating environment associated with Winter Storm URI. On today's call, George will first discuss our quarterly financial results, recent convertible note offering, and capital structure. Matt will then provide an operational update including recent initiatives and cost reductions and then I'll follow with capital efficiency and cost gains to date and provide a high-level overview for the remainder of 2021. With that said, I'll turn it over to George to review our financial results.