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July 25, 2012 11:00 am ET
Dennis A. Smith - Director of Corporate Development for Nabors Corporate Services Inc
Anthony G. Petrello - Chairman, Chief Executive Officer, President, Member of Executive Committee and Member of Technical and Safety Committee
Joe M. Hudson - President
James M. Rollyson - Raymond James & Associates, Inc., Research Division
Jeff Tillery - Tudor, Pickering, Holt & Co. Securities, Inc., Research Division
Waqar Syed - Goldman Sachs Group Inc., Research Division
James D. Crandell - Dahlman Rose & Company, LLC, Research Division
Scott Gruber - Sanford C. Bernstein & Co., LLC., Research Division
Good day, ladies and gentlemen. Thank you for standing by. Welcome to the Nabors Industries Limited Second Quarter 2012 Earnings Conference Call. [Operator Instructions] This conference is being recorded today, July 25, 2012. I would now like to turn the conference over to Dennis Smith, Director of Corporate Development. Please go ahead, sir.
Dennis A. Smith
Thank you, Liz, and good morning, everyone. Thank you for joining us today on our second quarter earnings conference call. Our format today will be same as we customarily follow. We'll have Tony Petrello, our Chairman and CEO, provide you with our perspective on the quarter's results and give you some insight into how we see our business and markets evolving. In support of his remarks, we have posted some slides to our website, which you can access to follow along if you desire. They're accessible in 2 ways. First, if you're participating by webcast, they're available as a download within the webcast. Alternatively, you can download them from our website, nabors.com, under Investor Relations then the submenu Events Calendar where you'll find them listed as supporting materials for this conference call. With us, in addition to Tony and myself today, are Laura Doerre, our General Counsel; Clark Wood, our Principal Accounting Officer; and all the heads of our various business units.