RPC, Inc.

Good morning, and thank you for joining us for RPC, Inc.' 's Second Quarter 2021 Financial Earnings Conference Call. Today's call will be hosted by Rick Hubbell, President and CEO, and Ben Palmer, Chief Financial Officer. Also present is Jim Landers, Vice President of Corporate Services. At this time, all participants are in listen-only mode. Following the presentation, we will conduct a question and answer session. Instructions will be provided at that time for you to queue up for questions. I would like to advise everyone that this conference call is being recorded. Jim will get us started by reading the forward-looking disclaimer.

Thank you, Andrea, and good morning. Before we begin our call today, I want to remind you that in order to talk about our company, we're going to mention a few things that are not historical facts. Some of the statements that we've made on this call could be forward-looking in nature and reflect the number of known and unknown risks. I would like to refer you to our press release issue today, along with our 2020 10-K and other public filings that outline those risks, all of which can be found on RPC's website, www.rpc.net. In today's earnings release and conference call, we'll be referring to several non-GAAP measures of operating performance, These non-GAAP measures are adjusted net loss, adjusted loss per share, adjusted operating loss, EBITDA, and adjusted EBITDA. We're using these non-GAAP measures today because they allow us to compare performance consistently over various periods without regard to non-recurring items. In addition, RPC is required to use EBITDA to report compliance with financial governance under our revolving credit facility. Our press releases today and our website contain reconciliations of these non-GAAP financial measures to operating loss, net loss, and loss per share, which are the nearest GAAP financial measures. Please review these disclosures if you're interested in seeing how they're calculated. If you have not received our press release for any reason, please visit our website at rbc.net. I will now turn the call over to our President and CEO, Rick Hubbell.

Jim, thank you. This morning we issued our earnings press release for RPC's second quarter of 2021. The second quarter represented a transition quarter for RPC. We saw numerous signs of increased demand for our services and have a full FRAC calendar for most of the third quarter. This is the most visibility we have had since pre-COVID. Nevertheless, we did experience an air pocket in June customer activity due to some jobs being pushed and heavy rains in the Permian. July is shaping up to be substantially better than our second quarter run rate, and the remainder of the third quarter appears consistent with July at this point. Our CFO, Ben Palmer, will discuss this and other financial results in more detail, after which I will provide some closing comments.