Good morning. Welcome to the Battalion Oil Second Quarter 2021 Earnings Call. I would now like to turn the conference over to Chris Lang. Good morning. I'm joined by a few of my colleagues today that I'd like to introduce. Battalion's Chief Executive Officer, Richard Little, our Chief Financial Officer, Kevin Andrews, and our Chief Operating Officer, Daniel Rohling. This conference call contains forward-looking statements. For a detailed description of our disclaimer, see our earnings release issued yesterday and posted on our website. This conference call also includes references to certain non-GAAP financial measures. Reconciliations of these non-GAAP financial measures to the most directly comparable measure under GAAP are contained in our earnings release announcement released yesterday. We have also published an investor presentation, which may be found on our website and will be referenced during this webcast. Now, our team will present a few scripted remarks followed by Q&A. With that, I'd like to turn it over to Rich to start things off. Rich? Good morning, everyone. First, I'd like to thank you for joining us this morning for Battalion's second quarter earnings call. The second quarter marked the conclusion of our 2021 capital program as we finished completing 2 wells on our Tabor pad, bringing our total to 6 wells put online in 2021. There's a lot to be proud of here. Our focus on capital discipline this year allowed us to achieve an average D&C cost of $878 per foot per well during this program. That's an exceptional result given the inflationary pressure on service costs as we've seen commodity prices continue to trend up. We're also very pleased with the early performance from those wells. Our 4 DUCs completed in Q1 are all meeting or exceeding their type curves, and the early results from our 2 Tabor wells are showing real promise. With the 2021 program largely complete, our focus shifts to improving our operating margins. Our team's made considerable strides in improving our lease operating and workover expenses year-over-year, reducing LOE and WOE per barrel of equivalent by 6% year-to-date. We also continue to focus heavily on improving our gathering and transportation costs, with a key priority being our AGI project, where we've made significant strides in identifying a path forward. In addition to reducing operating costs, we've paid a lot of attention to improving price realizations by increasing our access to sweet markets and carefully evaluating our purchasers. We also put significant effort this quarter into high-grading our central processing facilities at Monument Draw to allow for improved flow assurance and reduced downtime across the field. With the improvements we've made to our facilities, as well as the improvements made by our midstream partners, we're well positioned to have a stronger second half of the year despite the completion of our 2021 development capital program. I'll pass it off to Kevin to walk through our financial results. Thank you, Rich, and good morning, everyone. Let me walk you through a few financial highlights from the second quarter. Total production in Q2 averaged 15,571 barrels of the oil equivalent per day, compared to 14,333 barrels of oil equivalent per day for Q1 2021, or a 9% increase quarter-over-quarter. This increase can primarily be attributed to new production as a result of our 2021 capital program, as well as production from wells brought back online that were shut in during inclement weather in February, partially offset by third-party processing curtailments, facility upgrades, and repairs in the second quarter. Total revenue was $64.4 million for the second quarter of 2021, of which oil represented 81%. We realized 97% of the average NYMEX oil price during the quarter and recognized an $18.3 million loss from our hedge program. We reported a GAAP net loss to common shareholders for the second quarter of 2021 of $33.9 million, or $2.09 loss per share. After adjusting for certain items, including the effect of net unrealized derivative losses, I refer you to the press release for details of those adjustments. The company reflected net income of $0.6 million, or $0.04 per share. Adjusted EBITDA totaled $14.1 million for the second quarter of 2021. During the six months ended June 30, 2021, we incurred $35.5 million in capital expenditures, of which $31.7 million related to drilling and completion costs and $2.6 million related to the development of our treating equipment and gathering support infrastructure. As we discussed on the first quarter earnings call, we expect the amount spent to date to reflect the majority of our 2021 capital budget. Now some final comments on our liquidity and capitalization. At June 30, 2021, the company had liquidity of $21.5 million, consisting of $1.4 million of cash and $20.1 million of availability under our revolving credit facility. Also, as previously disclosed, the company's borrowings will be reduced from $185 million- $175 million effective September 1, 2021. With the majority of our 2021 capital program largely complete and our remaining 2021 production substantially hedged, we expect to use our cash flow in the second half of 2021 to reduce outstanding borrowings under our revolving credit facility. Now, let me turn it back to Rich to offer some concluding remarks. Thanks, Kevin. We're excited about the early results from our 2021 capital program, and we're eager to get back to growth. As we evaluate our options to accelerate through the drill bit or M&A, we'll remain focused on improving our margins and enhancing free cash flow. Thank you for your interest in Battalion. That concludes our scripted remarks, and I'll turn it back to the operator to facilitate Q&A. Thank you. If you would like to ask a question, please signal by pressing star one on your telephone keypad. If you're using a speakerphone, please make sure your mute function is turned off to allow your signal to reach our equipment. Again, press star one to ask a question. We'll pause for just a few moments to allow everyone an opportunity to signal for questions. We'll take our first question from Noel Parks with Tuohy Brothers. Good morning. Good morning. I just had a couple questions. Thinking about the borrowing base determination. I was just curious, could you get much in the way of upside from the price deck that the bank was using, either for this year or last year? Of course, which seems to my effect is much better now than 6 months ago, 12-ish months ago. No, I think the answer is that the bank decks seem to trail pricing significantly. There's that lag. We didn't get much benefit at all from the price deck in the spring. We haven't seen the new price decks for the fall, but I expect they will be higher. Typically not anywhere really close to market as it ramps up, and we're seeing a pretty fast acceleration of the price changes. Right. Thanks. Oh, sorry. Okay. I also just wanted to check in. I've heard a variety of different updates from companies in the Permian around the February weather event and third-party infrastructure. As best you can tell, it's pretty much everything that was negatively impacted back then that affects the Battalion. Is pretty much everything up and running or do you still have some facilities or some marketing that still is in compliance at this point? No, good question. This is Rich. The February events did cause some issues with valves and seals. Those repairs are behind us now. We've got all that fixed. I'd say another challenge that we've had when you're looking at third-party midstream companies is with the improving commodity price, you are seeing more production coming online, and they're improving and upgrading their own facilities as well. Anything impacted on the winter storm I think for the most part is behind us. This just is now just trying to get ready for the future in an improving commodity market. Great. I just wanted to ask you about the facility upgrades that you've made. I just was wondering if you could just talk a little bit more about what you did out there. I'm just curious whether it was more sort of catching up on periodic maintenance or expansions. Just anything that you can say about that would be great. Sure. I'll let Daniel answer that. Yeah, I know. Really two different avenues there. We've got third party, like Rich kind of touched on. It took the same advantage of the downtime in Q2 and upgrades from compression to amine plants, to like Rich touched on, to the valving and just mechanical processes to upgrade, and it really gave us more flow assurance across our current asset in Monument Draw. They also expanded. To your point there, we're able to flow close to 20% more to one of our downstream markets because of the upgrades that they made in Q2. That's going to come online here in the next few days. We're really excited about working with them and using Q2 as kind of the springboard for the back half of the year and into 2022. In our own right, we took advantage of some of the downtime that was necessary due to maintenance coming out from the back of the freeze and into Q2 to upgrade our compression and expand. We added compression and added takeaway and throughput on the facility, as well as expanding our liquid redox, and allowing for upgrades to happen there as well. A lot went on in the quarter. All of it really focusing on flow assurance, number 1, coming out of Monument Draw for current capacities, but then also expansion to allow us to, like I said, springboard into the second half of 2021 and into 2022. Great. Thanks a lot. That's all I had. Okay. Thanks, Noel. Again, if you would like to ask a question, please press star one. Again, that is star one, if you would like to ask a question. We'll pause for just a few more moments to allow everyone an opportunity to signal for questions. That concludes today's question and answer session. Speakers, at this time, I will turn the conference back over to you for any additional or closing remarks. Great. Thank you. Again, I want to thank you everybody's attention and your interest in Battalion. We did have an active second quarter positioning the company for future growth as the market continues to recover. We're definitely looking forward to the future and the opportunities ahead. Thanks again for your interest. Goodbye. This concludes today's call. Thank you for your participation. You may now disconnect.