Epsilon Energy Ltd.

Good day and welcome to the Epsilon Energy second quarter 2024 earnings conference call. All participants will be in a listen-only mode. Should you need assistance, please signal conference specialists 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 touchtone phone. And to withdraw your question, please press star then two. Please note this event is being recorded. I would now like to turn the conference over to our Chief Financial Officer, Mr. Andrew Williamson. Please go ahead, sir.

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 2024 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 also 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 Stavell, our Chief Executive Officer.

Thank you, Andrew. Good morning, and thank you for participating in our second quarter 2024 conference call. Joining me today are Andrew Williamson, our CFO, and Henry Clanton, our COO. We will be available to answer questions later in the call. Our Permian business remains a bright spot. These assets contributed approximately 50% of our quarterly revenue and 75% of our cash flow, despite the fact that several wells were offline for more than two weeks during the quarter due to offset completion activities. In the third quarter, we expect volumes in the Permian to increase sequentially for the sixth consecutive quarter. In Pennsylvania, natural declines and continued curtailments resulted in decreased revenues and volumes for the quarter. We remain extremely leveraged to a rebound in natural gas prices with our combination of curtailed volumes and deferred tills representing the potential for an initial uplift of more than 100% of current net production. The 12-month natural gas strip has continued to deteriorate over the summer. so we support the proactive approach of our operator to remove and defer volumes in an oversupplied gas market. Overall, the company remains well-positioned to deliver meaningful volume in cash flow growth in 2025 with several potential interim value catalysts, the first of which is the ongoing sale process of our operator in Ector County, where we expect an update before year-end. The second potential catalyst is our ongoing business development efforts in new areas matched with our strong liquidity position that will allow us to take advantage of attractive opportunities that become available. Now, I'd like to turn the call over to Andrew for additional comments.