Pioneer Southwest Energy CEO Discusses Q1 2011 Results - Earnings Call Transcript

Pioneer Southwest Energy Partners, LP (PSE)

Q1 2011 Earnings Call

May 4, 2011 12:00 pm ET

Executives

Frank Hopkins – VP, IR

Scott Sheffield – Chairman and CEO

Rich Dealy – EVP and CFO

Analysts

Richard Roy – Citi

Presentation

Operator

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Welcome to Pioneer Southwest Energy’s first quarter conference call. Joining us today will be Scott Sheffield, the Chairman and Chief Executive Officer; Rich Dealy, Executive Vice President and Chief Financial Officer and Frank Hopkins, Vice President of Investor Relations.

Pioneer southwest 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 and 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 prospects of Pioneer Southwest are subject to a number of risks and uncertainties that may cause actual results and future periods to differ materially from the forward-looking statements.

These risks and uncertainties are described in Pioneer Southwest’s news release on page 2 of the slide presentation and in Pioneer Southwest’s public filings made with the Securities & Exchange Commission. Just a reminder, today’s call is being recorded.

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.