Pioneer Southwest Energy CEO Discusses Q4 2010 Results - Earnings Call Transcript

Pioneer Southwest Energy Partners, L.P. (PSE)

Q4 2010 Earnings Call

February 8, 2011 12:00 p.m. ET

Executives

Frank Hopkins - VP, IR

Scott Sheffield - Chairman and CEO

Rich Dealy - EVP and CFO

Analysts

Kevin Smith – Raymond James

Gary Paul – Private Investor

William Adams – AMCO

Presentation

Operator

Welcome to Pioneer Southwest Energy’s Fourth Quarter Conference Call. Today’s call is being recorded.

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Joining us today will be Scott Sheffield, Chairman and Chief Executive Officer, Rich Dealy, Executive Vice President and Chief Financial Officer, and Frank Hopkins, Vice President of Investor Relations.

Pioneer Southwest has prepared PowerPoint slides to supplement their comments today. These slides can be accessed over the Internet at www.pioneersouthwest.com. Again the Internet site to access the slides related to today’s call is www.pioneersouthwest.com. At the website, select Investors, then select Investor Presentations.

The Partnership’s comments today will include forward-looking statements made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements and the business prospectives of Pioneer Southwest are subject to a number of risks and uncertainties that may cause actual results in future periods to differ materially from the forward-looking statements.

These risks and uncertainties are described in Pioneer Southwest’s new release on Page 2 of the slide presentation and in Pioneer Southwest’s public filings made with the Securities and Exchange Commission.

At this time for opening remarks and introductions, I would like to turn the call over to Pioneer Southwest’s Vice President of Investor Relations, Frank Hopkins. Please go ahead, sir.