Centennial Resource Development, Inc.

Good morning and welcome to the Centennial Resource Development conference call to discuss its second quarter 2022 earnings. Today's call is being recorded. A replay of the call will be accessible until August 11, 2022 by dialing 877-344-7529 and entering the replay access code or by visiting Centennial's website at www.cdevinc.com. At this time, I will turn the call over to Hayes Mabry, Centennial's Senior Director of Investor Relations, for some opening remarks. Please go ahead, sir.

Thanks, Chris, and thank you all for joining us on the company's second 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, August 3rd, we filed a Form 8K with an earnings release reporting second quarter earnings 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'd like to note that many of the comments during this earnings call are forward-looking statements that involve risk and uncertainties. They 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 SEC, including our quarterly report on Form 10-Q for the quarter ended June 30th, 2022, which is expected to be filed with the SEC later on 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. With that, I will turn the call over to Sean Smith, our CEO. Thank you, Hayes.

Good morning and welcome to Centennial's second quarter earnings call. During the quarter, the company generated very strong operational and financial results with a significant increase in production levels, strong pricing realizations, record-free cash flow, a substantial amount of cash on the balance sheet, and a low leverage profile. Before George covers the quarterly results in more detail, I'd like to provide a brief update on our pending merger with Colgate Energy. Overall, I'm very pleased with the tremendous progress that's been made since the announcement. As you've likely seen from last week's definitive proxy filing, the shareholder vote is scheduled for Monday, August 29th, and we expect to close shortly thereafter. Both the Centennial and Colgate teams have made significant progress on the merger integration so that the new company will hit the ground running on day one. With all of that said, for the purposes of today's call, that will be the extent of my remarks related to the Centennial Colgate merger. Around the time of closing, senior management will provide a fulsome company update, which will include forward guidance, anticipated drilling and completion activity, and details on the return of capital program, amongst other things. Now, I'll turn it over to George to cover the results for the second quarter.