Patterson-UTI Energy, Inc.

Ladies and gentlemen, thank you for staying by, and welcome to the Pedersen UTI Energy Fourth Quarter 2020 Earnings Conference Call. At this time, all participants are in listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To ask a question during the session, you'll need to press star 1 on your telephone. If you require any further assistance, please press star 0. I would now like to hand the conference over to your speaker today, Mr. Martin Drickamer. Thank you. Please go ahead, sir.

Thank you, Maddie. Good morning. And on behalf of Patterson UTI Energy, I'd like to welcome you to today's conference call to discuss the results of the three and 12 months ended December 31st, 2020. Participating in today's call will be Andy Hendricks, Chief Executive Officer, and Andy Smith, Chief Financial Officer. A quick reminder, a statement is made in this conference call that states the company's or management's plans, intentions, Beliefs, expectations, or predictions for the future are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, the Securities Act of 1933, and the Securities Exchange Act of 1934. These forward-looking statements are subject to risks and uncertainties as disclosed in the company's annual report on Form 10-K and other filings with the SEC. These risks and uncertainties could cause the company's actual results to differ materially from those suggested in such forward-looking statements for what the company expects. The company undertakes no obligation to publicly update or revise any forward-looking statement. The company's SEC filings may be obtained by contacting the company or the SEC and available through the company's website and through the SEC's EDGAR system. Statements made in this conference call include non-GAAP financial measures. The required reconciliations to GAAP financial measures are included on our website, www.patenergy.com, and in the company's press release issued prior to this conference call. And now it's my pleasure to turn the call over to Andy Hendricks for some opening remarks. Andy?

Thanks, Mike. Good morning and welcome to Patterson UTI's fourth quarter conference call. We are pleased that you could join us today. For the fourth quarter, revenues increased for the first time since the downturn began, driven by higher levels of drilling and completion activity. We are encouraged by the higher activity levels as the industry has begun a recovery. Based on our customer engagement, we are confident that activity levels will continue to improve. I will now turn the call over to Andy Smith, who will review the financial results for the fourth quarter. I'll then comment on our operational highlights as well as our outlook before opening the call to Q&A. Andy?