Penn Virginia's CEO Discusses Q2 2012 Results - Earnings Call Transcript

Penn Virginia Corporation (PVA)

Q2 2012 Results Earnings Call

August 2, 2012 10:00 AM ET

Executives

Baird Whitehead – President and CEO

Nancy Snyder – Chief Administrative Officer

Steve Hartman – Chief Financial Officer

John Brooks – Senior Vice President and Regional Manager, Gulf Coast Operations

Jim Dean – Vice President, Corporate Development

Analysts

JB Jouve – RBC Capital Markets

Jason Freuchtel – SunTrust

David Snow – Energy Equities Inc.

Adam Leight – RBC Capital Markets

Sean Sneeden – Oppenheimer

Ray Deacon – Brean Murray

Biju Perincheril – Jefferies

Eric Seeve – Golden Tree

Steven Karpel – Credit Suisse

Richard Tullis – Capital One Southcoast

Welles Fitzpatrick – Johnson Rice

Presentation

Operator

Please standby. We are about to begin. Good day. And welcome to the Penn Virginia Corporation’s Second Quarter 2012 Earnings Conference Call. Today’s conference is being recorded.

At this time, I would like to turn the conference over to the President and CEO, Mr. Baird Whitehead. Please go ahead, sir.

Baird Whitehead

Thank you very much, Roxanne. Good morning. And welcome to Penn Virginia second quarter 2012 conference call. I’m joined today by various members of our team including Nancy Snyder, our Chief Administrative Officer; Steve Hartman, our Chief Financial Officer; John Brooks, our Senior Vice President and Regional Manager of our Gulf Coast Operations; and Jim Dean, our Vice President of Corporate Development.

Prior to getting started, we would like to remind you that the language in our forward-looking statement section of the press release as it was issued last night, as well as our Form 10-Q, which will be filed today, will apply to our comments this morning. We’d like to begin our discussion by expanding on the earnings and operational update press release that was issued after the close yesterday.

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