Epsilon Energy Ltd.

Good morning and welcome to the Epsilon Energy second quarter 2023 earnings conference call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your telephone keypad. To withdraw your question, please press star then 2. Please note this event is being recorded. I would now like to turn the conference over to Andrew Williamson, Chief Financial Officer. Please go ahead.

Thank you, operator, and on behalf of the management team, I would like to welcome all of you to today's conference call to review Epsilon's second quarter 2023 financial and operational results. Before we begin, I'd like to remind you that our comments may include forward-looking statements. It should be noted that a variety of factors could cause Epsilon's actual results to differ materially from the anticipated results or expectations expressed in these forward-looking statements. Today's call may contain certain non-GAAP financial measures. Please refer to the earnings release that we issued yesterday for disclosures on forward-looking statements and reconciliations of non-GAAP measures. With that, I'd like to turn the call over to Jason Stabell, our Chief Executive Officer.

Thank you, Andrew. Good morning to everyone, and thank you for participating in the Epsilon Energy Second Quarter 2023 Conference Call. Andrew and I are joined by Henry Clanton, our COO. We will be available to answer questions later in the call. I hope you have had a chance to review our press release, as I will not go through it in detail, but I would like to touch on a few highlights before I turn the call over to Andrew and Henry for their comments. I am pleased to report that we delivered a productive quarter, advancing several key initiatives, despite natural gas pricing headwinds in the Marcellus. We closed investments in two areas in the Permian Basin, adding geographic, operator, and commodity diversity to our business. We also expanded our liquidity by $5 million under a new $35 million credit facility with reduced costs and increased flexibility. Finally, our strong balance sheet allowed us to opportunistically purchase year-to-date almost 5% of our shares outstanding at an average cost of $5.21 per share. Net of our investments, we had no free cash flow in the quarter for the first time during my tenure. This is due to the depressed pricing for natural gas, especially in our area of the Marcellus, and the significant leasehold and drilling capital investments we made in the Permian. We have been active yet disciplined in our pursuit of new investments, and you should expect that to continue. Some opportunities, such as our recent one in New Mexico, will be accretive day one, while others, such as Ector County, will contribute over longer periods of time with the pace of development. What doesn't change is our focus on deploying our resources to create durable growth in our per share equity value. Now I'd like to turn the call over to Andrew and Henry for some comments on our finances and operations.