RPC, Inc.

Thank you for joining us for RPC, Inc.' 's fourth 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 a 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 your questions. I would like to advise everyone that this conference is being recorded. Jim will get us started by reading the forward-looking disclaimer.

Thank you 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 these statements that will be made on this call could be forward-looking in nature and reflect a number of known and unknown risks. I'd like to refer you to our press release issued 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 at 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 income or loss, adjusted net income or loss per share, adjusted operating profit or 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 covenants under our revolving credit facility. Our press release issue today and our website contain reconciliations of these non-GAAP financial measures to operating loss, net loss, loss per share, which are the nearest GAAP financial measures. Please review these disclosures if you're interested in seeing how they are calculated. If you have not received our press release and would like one, please visit our website, again, at rpc.net for a copy. I will now turn the call over to our President and CEO, Rick Hall.

Thank you, Jim. This morning we issued our earnings press release for RPC's fourth quarter of 2021. Industry conditions continued to improve throughout 2021 as the average U.S. domestic product rig count, and oil prices both increased over 80% compared to the fourth quarter of 2020. RPC's financial results improved as demand for our services increased, resulting in higher activity levels and better pricing. In addition, we did not experience the typical holiday slowdown in the fourth quarter of 2021. Our CFO, Ben Palmer, will discuss this and other financial results in more detail, after which I will provide more closing comments.