Pioneer Southwest Energy Partners L.P. ( PSE)

Q2 2011 Earnings Conference Call

August 4, 2011 12:30 ET

Executives

Frank Hopkins – Vice President of Investor Relations

Scott Sheffield – Chairman and Chief Executive Officer

Rich Dealy – Executive Vice President and Chief Financial Officer

Analysts

Kevin Smith – Raymond James

Presentation

Operator

Welcome to Pioneer Southwest Energy’s second quarter conference call. 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 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 two of the slide presentation and in Pioneer Southwest’s public filings made with the Securities and Exchange Commission. As a reminder, today’s call will be 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, Mr. Frank Hopkins. Please go ahead, sir.

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