Baytex Energy Corp.

Good day, everyone. Thank you for standing by. This is the conference operator. Welcome to the BATEX Energy Corp. Second Quarter 2025 Financial and Operating Results Conference Call. As a reminder, all participants are in a listen-only mode. The conference is being recorded. After the presentation, there will be an opportunity for analysts to ask questions. To join the question queue, you may press star and then 1 using a telephone keypad. You may also submit questions in writing at any time using the form in the lower section of the webcast frame. Should you need assistance during the conference, you may see a conference operator by pressing star and zero. I would now like to turn the floor over to Brian Echter, Senior Vice President, Capital Markets and Investor Relations. Please go ahead.

Thank you, Jamie. Good morning and welcome to Bay Texas second quarter 2025 earnings call. I am joined today by Eric Greger, our President and Chief Executive Officer, Chad Kalmakoff, our Chief Financial Officer, and Chad Lundberg, our Chief Operating Officer. Before we begin, please note that our discussion today contains forward-looking statements within the meaning of applicable securities laws. I refer you to the advisories regarding forward-looking statements, oil and gas information, and non-GAAP financial and capital management measures in yesterday's press release. All dollar amounts referenced in our remarks are in Canadian dollars unless otherwise specified. And after our prepared remarks, we'll open the call for questions from analysts. Webcast participants can also submit questions online, and we will address as many as time permits. With that, let me turn the call over to Eric.

Thanks, Brian. Good morning, everyone. We delivered solid operational and financial results in the second quarter that reflect the quality of our assets as well as our focus on operational excellence. In the Pembina DuVernay, we achieved the highest 30-day peak oil rates recorded in the West Shale Basin. These results validate our technical and operational advances and help demonstrate the exceptional resource potential within our portfolio. Beyond the DuVernay, The teams consistently delivered solid execution across our operations. Heavy oil production grew by 7% quarter over quarter, while our Eagleford team delivered two more strong refracts at half the cost of new wells. The commodity backdrop in Q2 was soft, with WTI averaging US $64 per barrel. In this volatile environment, we remain focused on capital discipline, prioritizing free cash flow, and reducing net debt. Our second quarter results demonstrate our resiliency through commodity price cycles while maintaining capital flexibility. Let me turn the call over to Chad Kalmakoff for our financial results.