Vitesse Energy, Inc.

Greetings. Welcome to the Vitesse Energy Full Year 2023 Earnings Call. At this time, all participants are in a listen-only mode. The question and answer session will follow a formal presentation. Please note this conference is being recorded. I will now turn the conference over to Ben Messier, Director, 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 full year of 2023, which we released yesterday after market close. You can access our earnings release and presentation in the investor relations section of our website. We filed our Form 10-K with the SEC yesterday. I'm joined here this morning by 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 year. After Bob, Brian will give you an operations update. Then Jimmy will review our 2023 financial results and 2024 guidance. After the conclusion of our prepared remarks, the executive team will be available to answer 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, free cash flow, and the PV-10 of our reserves. 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, and thanks for participating in today's call, and thanks a lot for everybody's support this year. 23 was a successful year, our first year being an independent, publicly traded company. We paid a $2 per share fixed dividend, and in addition, we were able to source some Highly economic acquisitions that allow us to grow our production while maintaining a conservative balance sheet. Vitess is a long duration asset that is high yielding, inflation protected, and leveraged to technology. Looking forward to 2024, our strategy remains the same. We will continue to return capital to our shareholders. To that end, last week, our board declared a 2024 first quarter cash dividend of 50 cents per share to be paid at the end of March. After our fixed dividend, we allocate capital using our returns-based hierarchy and extensive internally created database. We are very selective with how we spend our money. Cash goes to the highest return projects. We do not have a capital budget. Rather, we allocate capital to as many projects that meet our stringent return hurdles. With that, I'll turn it over to the test's president, Brian Cree.