Whiting Petroleum Corporation Common Stock (New)

Good morning. My name is Sarah, and I will be your conference facilitator today. Welcome to Whiting Petroleum's fourth quarter 2021 conference call. The call will be limited to 45 minutes, including 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 period. If you would like to ask a question, simply press star, then the number one on your telephone keypad. If you would like to withdraw your question, please press star and the number two on your telephone keypad. Please limit your questions to one question and one follow-up. I will now turn the call over to Brandon Day, Whiting's Investor Relations Director.

Thank you, Sarah. Good morning, everyone. This is Brandon Day, Whiting's Investor Relations Director. Thank you for joining us to discuss Whiting's fourth quarter results for the period ended December 31, 2021. With me today is Whiting's CEO, Lynn Peterson, and our CFO, Jimmy Henderson. Also available to answer questions during the Q&A session will be our COO, Chip Reimer. Please be advised that our remarks today, including answers to your questions, include forward-looking statements within the meaning of the Private Securities Litigation Reform Act. These forward-looking statements are subject to risks and uncertainties that could cause actual results to be materially different from those currently anticipated. Those include risks relating to commodity prices, competition, technology, environmental and regulatory compliance, midstream availability, and others described in our filings with the Securities and Exchange Commission, which are incorporated by reference. We disclaim any obligation to update these forward-looking statements. In addition, we may provide certain non-GAAP financial information on this call. The relevant definitions and GAAP reconciliations may be found in our earnings release, which can be found on our website in the investor relations section. Following the prepared remarks, we'll open the call to your questions. I would like to remind everyone that a replay of this audio webcast will be available via the company's investor relations page on our website. I'd now like to turn the call over to the CEO of Whiting Petroleum, Mr. Lynn Peterson. Thank you, Brandon. Good morning, everyone.

I appreciate you joining us for the call this morning. I want to keep all this in perspective in light of what's happening in the world stage. Above all else, we hope peace is restored as quickly as possible. You can refer to our 10-K we filed yesterday and our news release for detailed information, as well as reconciliations to non-GAAP measures. 2021 was a strong year. We exited the year with some momentum and expect to see another good year in 2022. We exceeded our guidance numbers. We paid off the balance of our revolver. We added inventory in our core areas. and we most recently took the first step towards a capital return plan by initiating our first-ever regular dividend. We're going to take a little different approach this morning from our previous calls, and I'm going to ask Jimmy Henderson, our CFO, to spend some time discussing our fourth quarter and full-year results. While we were assisted by a rising commodity price environment, our team did a great job executing our 2021 program, as well as the initiatives we set out at the beginning of the year. Once Jimmy concludes, I want to talk about our 2022 program, our return to capital approach for 2022, and clear up some questions that arose from our last news release. Jimmy, I'm going to turn it over to you for the financial results.