Vitesse Energy, Inc.

Greetings, and welcome to the Vitess Energy Third Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. Please note, this conference is being recorded. I'll now turn the conference over to Ben Messier, Director of Investor Relations and Business Development. Thank you. You may begin.

Good morning and thank you for joining. Today we will be discussing our financial and operating results for the third quarter of 2023, which we released yesterday after market closed. You can access our earnings release and presentation in the investor relations section of our website. We filed our form 10Q with the SEC yesterday. I'm here this morning with Vitesse's chairman and CEO, Bob Garrity, our president, Brian Cree, and our CFO, Jimmy Henderson. Our agenda for today's call is as follows. Bob will provide opening remarks on the quarter. After Bob, Brian will give you an operations update. Jimmy will review our third quarter financial results. After the conclusion of our prepared remarks, the executive team will be available to answer any questions. Before we begin, let's cover our safe harbor language. Please be advised that our remarks today, including the answers to your questions, may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act. These forward-looking statements are subject to the risks and uncertainties, some of which are beyond our control, that could cause actual results to be materially different from the expectations contemplated by these forward-looking statements. Those risks include, among others, matters that we have described in our earnings release and periodic filings. We disclaim any obligation to update these forward-looking statements, except as may be required by applicable securities laws. During our conference call, we may discuss certain non-GAAP financial measures, including adjusted net income, adjusted EBITDA, net debt, net debt to adjusted EBITDA ratio, and free cash flow. Reconciliations of these measures to the closest GAAP measures can be found in the earnings release that we issued yesterday. Now, I will turn the call over to our chairman and CEO, Bob Garrity.

Thanks, Ben. Good morning, everybody. Thanks so much for being on our call. With Brian Kring and I today is Jimmy Henderson, who joined us two months ago. And we are thrilled. He's had a wonderful, successful career as a CFO in the oil business, which is rare. And Jimmy not only brings a deep skill set to the test, he's a wonderful guy and just has fit in wonderfully. So he's really moved the needle in improving capacity so welcome Jimmy the test is a return of capital company not the first time you've heard that from me won't be the last time you heard it from me and payment of our fixed dividend is our top priority we paid our third quarter cash dividend of 50 cents per share in September and earlier this week the board declared our fourth quarter cash dividend of 50 cents to be paid in December. We continue to look at a lot of near-term development drilling deals and larger asset acquisitions that continue to be supportive of our dividend. During the third quarter, we're able to complete several impactful acquisitions that meet our very high return hurdles. As previously discussed, we buy whatever we can within our stringent economic parameters, and we're not limited by a budget. We are only limited by opportunity and economics. We put hedges in place to protect these returns when the opportunities present themselves. With that, I'm going to turn this over to Brian Cree, my longtime partner and vice president and president of Vitess. So, Brian.