Ovintiv Inc. (DE)

At this time, all participants are in a listen-only mode. Following the presentation, we will conduct a question-and-answer session. Members of the investment community will have the opportunity to ask questions and can join the queue at any time by pressing star 1. For members of the media attending in a listen-only mode today, you may quote statements made by any of the OVINTIV representatives. However, members of the media who wish to quote others who are speaking on this call today, we advise you to contact those individuals directly to obtain their consent. Please be advised that this conference call may not be recorded or rebroadcast without the expressed consent of OVINTIV. I would now like to turn the conference over to Jason Verheft from Investor Relations. Please go ahead, Mr. Verheft.

Thanks, Michelle, and welcome, everyone, to our second quarter 23 conference call. This call has been webcast, and the slides are available on our website at oventa.com. Please take note of the advisory regarding forward-looking statements at the beginning of our slides and in our disclosure documents filed on CDAR and EDGAR.

Following preparedness, We will be available to take your questions. Please limit your time to one question and one follow-up. I'll turn the call over to our President and CEO, Brennan McCracken. Good morning. Thank you for joining us. Our outstanding second quarter results to continue the strong momentum we've created with our focus on execution and making better for lower costs. We exceeded every one of our guidance targets on the quarter. We also closed two compelling transactions that have simplified our portfolio, extended our premium inventory enhanced our go-forward capital efficiency and expanded our margins. I'll speak more to the progress we're making with the newly acquired Permian assets in a moment. But first, I want to touch on our second quarter results. Production outperformance in the quarter is coming from our legacy business. The accelerated close was included.