Centennial Resource Development, Inc.

Good morning and welcome to Centennial Resource Development's conference call to discuss its third quarter 2021 earnings. Today's call is being recorded. A replay of the call will be accessible until November 11, 2021 by dialing 855-859-2056 and entering the conference ID number 688-0769 or by visiting Centennial's website at www.centennial.org. At this time, I will turn the call over to Hayes Mabry, Centennial Senior Director of Investor Relations, for some opening remarks. Please go ahead.

Thanks, Wren. And thank you all for joining us on the company's third 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, November 3rd, we filed a Form 8K with an earnings release reporting third quarter earnings results as well as operational results for the company. 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 the forward-looking statement sections of our filings with the SEC. including our quarterly report on Form 10-Q for the quarter ended September 30, 2021, 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 release or presentation, which are both available on our website. And with that, I'll turn the call over to Sean Smith, our CEO.

Thank you, Hayes. Good morning and welcome to Centennial's third quarter earnings call. Following my introduction, George will discuss our quarterly financial results. Matt will then provide an operational update, including recent efficiency improvements and well results. And then I'll follow with our updated financial targets and provide a high level outlook for the remainder of 2021. Overall, I am very pleased with our Q3 results, as I believe they demonstrate our continued execution of our key 2021 objectives. During the course of the third quarter, we once again generated record free cash flow, which helped drive significant deleveraging and absolute debt reduction. We also continued to successfully prosecute our development plan in Texas and New Mexico, delivering strong well results with competitive costs while improving drilling and completion efficiencies. Additionally, We recently signed an agreement to monetize a non-core asset in Southern Reese County that, upon closing, will allow us to further accelerate our debt reduction efforts, improve our overall leverage position, and optimize our future development. With that said, I'll turn it over to George to review our financial results.