Thank you for standing by, and welcome to the SandRidge Energy Second Quarter 2020 Earnings Call. At this time, all participants are in a listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. [Operator Instructions] I would now like to hand the conference over to David Zhu [ph], Director of Finance. Please go ahead, sir.

Thanks, and welcome, everyone. Well, with me today are Carl Giesler, our CEO; Salah Gamoudi, our CFO; and Grayson Pranin, our VP of Engineering and Reservoir as well as other members of management. We would like to remind you that today’s call contains forward-looking statements and assumptions, which are subject to risks and uncertainties, and actual results may differ materially from those projected in these forward-looking statements. We may also refer to adjusted EBITDA and adjusted G&A and other non-GAAP financial measures. Reconciliations of these measures can be found on our website. Now let me turn the call over to Carl.

Thank you, and good morning. We appreciate your interest in SandRidge. Our earnings released yesterday as well as the 10-Q that we will file later today both provide substantive detail on our financial and operating performance during the second quarter. Accordingly, we’ll keep our prepared remarks brief, focusing on the highlights from the quarter and other initiatives as well as the outlook for the company. Not hyperbole to say that 2Q 2020 was arguably the most challenging in the history of the oil and gas business. The double whammy on commodity prices, particularly oil and NGLs of the, one, the demand hit from COVID-19; and two, the supply shock from the decision by OPEC+ to ramp up production earlier in the year required debt responsiveness. We are pleased with how our team proactively adjusted. Nimbleness and rigid cash flow focus in managing the curtailment and then restoration of wells in response to commodity price fluctuations mitigated what otherwise likely would have been a more severe quarter-over-quarter production decline. Further, our cost, particularly LOE and CapEx initiatives manifested benefits more quickly than we had anticipated. Accordingly, the quarter-over-quarter degradation in EBITDAX and free cash flow was more muted than might have been expected given commodity price fluctuations, again, particularly the steep drops in oil and NGL prices. COVID-19, of course, has impacted our business beyond the commodity price downdraft. While we’re back in the office, we have instituted appropriate procedures and policies to protect the health of our employees as well as to comply with federal, state and local guidelines. Aside from the broader oil and gas industry, 2Q saw a substantial change at SandRidge as well, most notably, a wholesale change in executive management and a structural reset to how we run our business. On the corporate side, staffing will…

Thank you. [Operator Instructions] And I don’t show any questions in the queue at this point. I’ll turn the call back to the presenters.

Thank you all very much for your interest in SandRidge. We’ll now conclude the call.

Thank you very much for joining us today. Ladies and gentlemen, we appreciate your participation. This concludes our call, and you may now disconnect.