Good afternoon and welcome to SM Energy’s Second Quarter 2024 Results Webcast. Before we get started on our prepared remarks, I remind you that our discussion today will include forward-looking statements.

I direct you to Slide 2 of the accompanying slide deck, Page 6 of the accompanying earnings release, and the risk factors section of our most recently filed 10-K, which describe risks associated with forward-looking statements that could cause actual results to differ. We will also discuss non-GAAP measures and metrics.

Definitions and reconciliations of non-GAAP measures and metrics, to the most directly comparable GAAP measures, and discussion of forward-looking non-GAAP measures, can be found in the back of the slide deck and earnings release. Today’s prepared remarks will be given by our President and CEO, Herb Vogel, and our CFO, Wade Pursell.

I will now turn the call over to Herb..

“SM’s Briscoe C spacing pilot in the Austin Chalk is performing in line with more conservatively spaced offsets and could add over 60 locations to our existing inventory”.

In summary, the combination of outstanding performance year-to-date; the pending close of the Uinta acquisitions that add substantial scale in terms of production, inventory and cash flow; as well as continued strong performance and expansion of our assets in Midland and South Texas.

We are positioned for enhanced scale, a great second half of 2024 and an exciting 2025. We are truly hitting on all cylinders. I’ll now turn it over to Wade to discuss financial results and recent financing activity.

Wade?.

Uinta, Midland and South Texas. All of these areas offer very high returns and high-quality, long-duration inventory.

As we work towards our detailed 2025 program, we have the luxury of allocating capital across three high return assets, and we will seek to demonstrate the quality and value of the Uinta while optimizing the capital efficiency and free cash flow of the combined program over a multi-year period.

This entails right-sizing the rig to completion crew ratio for the combined program. We expect to reduce the combined rig count from currently nine, to six to seven during 2025, while maintaining approximately three completion crews. We will be working through detailed pad-by-pad scenarios during our fall strategic planning process.

It is an exciting time at SM and we are very well positioned to deliver around 45% oil production growth in 2025 as we roll together the highly accretive acquisitions and continue to see excellent results from our Midland and South Texas programs. We look forward to the live Q&A webcast and call tomorrow morning. Thank you..

End of Q&A:.