SM Energy Company

good morning my name is emma and i will be your conference operator today at this time i would like to welcome everyone to the sm energy third quarter 2022 financial and operating results q a all lines have been placed on mute to prevent any background noise after the speaker's remarks there will be a question and answer session if you would like to ask a question during this time simply press star followed by the number one on your telephone keypad if you would like to withdraw your question Again, press the star 1. Thank you. Jennifer Samuels, Vice President of Investor Relations, you may begin.

Good morning, and thank you for joining us. To answer your questions today, we have our President and CEO, Herb Vogel, and CFO, Wade Purcell. As usual, before we get started, our discussion today may include forward-looking statements and discussion of non-GAAP measures. I direct you to slide 2 of the accompanying slide deck, page 5 of the accompanying earnings release, and the risk factors section of our most recently filed 10-K and 10-Q, which describe risks associated with forward-looking statements that could cause actual results to differ. We may also refer to non-GAAP measures. Please see the slide deck appendix and earnings release for definitions and reconciliations of non-GAAP measures to the most directly comparable GAAP measures and discussion of forward-looking non-GAAP measures. Also, look for our third quarter 10-Q filed this morning. And with that, I will turn it over to Herc for brief opening commentary.

Thank you, Jennifer. Good morning. Thank you for your interest in SM Energy and joining us this morning. We've reached a really exciting time for our business, and I would like to reiterate that we are very pleased to initiate our return of capital program ahead of expectations. Our initiation of share repurchases in September was earlier than expected, and our first increased fixed dividend gets paid next week. We designed our sustainable dividend program, assuming $60 oil and $3 gas, which gives us upside flexibility in a stronger commodity price environment, including acceleration of buybacks. With that, let me now turn it to Emma to open the line for questions. Emma?