Approach Resources Inc. (AREX) Q2 2012 Earnings Call August 3, 2012 11:00 AM ET Executives Ross Craft – President and CEO Steve Smart – EVP and CFO Qingming Yang – EVP, Business Development and Geosciences Analysts 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 PresentationOperator
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.