Approach Resources Inc. (AREX)
Q2 2012 Earnings Call
August 3, 2012 11:00 AM ET
Ross Craft – President and CEO
Steve Smart – EVP and CFO
Qingming Yang – EVP, Business Development and Geosciences
Jack Aydin – KeyBanc Capital Markets
Irene Haas – Wunderlich Securities
Leo Mariani – RBC
Welles Fitzpatrick – Johnson Rice
Kim Pacanovsky – MLV & Company
Mario Barraza – Tuohy Brothers
Jeff Hayden – KLR Group
Gordon Douthat – Wells Fargo
Robert Miller – Boulevard Trust
Mike Kelly – Global Hunter Securities
Tim Rezvan – Sterne Agee
Liam Kelly – Howard Weil
Good morning, everyone, and welcome to the Approach Resources Second Quarter 2012 Earnings Conference Call and Audio Webcast. Today’s call is being recorded. At this time, all participants are in a listen-only mode. We will conduct a question-and-answer session at the end of today’s conference call.
Management’s remarks today will include forward-looking statements. These statements are subject to many factors that could cause actual results to differ materially from management’s expectations as expressed in those forward-looking statements. Those factors are described in the company’s SEC filings and management refers you to the company’s website or to the SEC’s website to review those filings.
The company undertakes no obligation to publicly update or revise any forward-looking statements. During the call, management will refer to certain non-GAAP financial measures. Reconciliations of these measures are provided in the second quarter 2012 earnings release and have been posted to the company’s website under the non-GAAP financial information page at www.approachresources.com.