Abraxas Petroleum Management Discusses Q3 2013 Results - Earnings Call Transcript

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Abraxas Petroleum (AXAS) Q3 2013 Earnings Call November 6, 2013 11:00 AM ET

Executives

Geoffrey R. King - Chief Financial Officer and Vice President
Robert L. G. Watson - Chairman, Chief Executive Officer and President

Analysts

Stephen F. Berman - Canaccord Genuity, Research Division
Welles W. Fitzpatrick - Johnson Rice & Company, L.L.C., Research Division
Noel A. Parks - Ladenburg Thalmann & Co. Inc., Research Division
Michael S. Scialla - Stifel, Nicolaus & Co., Inc., Research Division
Ryan Oatman - SunTrust Robinson Humphrey, Inc., Research Division

Operator

Good day, ladies and gentlemen, and welcome to the Q3 2013 Abraxas Petroleum Corporation Earnings Conference Call. This call is -- my name is Whitley, and I will be your operator for today. [Operator Instructions] As a reminder, this call is being recorded for replay purposes.

I would now like to turn the conference over to your host for today, Mr. Geoff King, CFO. Please proceed.

Geoffrey R. King

Thank you, Whitley, and welcome to the Abraxas Petroleum Third Quarter 2013 Earnings Conference Call. Before we get started, I'd like to note one correction to our operational update provided last night. Guidance of 4,400 to 4,500 Boe per day is for the year 2013, not 2014 as stated in the press release. Apologies for that oversight.

Onwards to the call. Bob Watson, President and CEO of Abraxas, joins me today. In addition, we have our Chief Accounting Officer and our VPs of Land, Operations, Engineering and Exploration available to answer any questions that you may have after Bob's overview. As a reminder, today's call is being taped, and a webcast replay will be available immediately after the conclusion of the call.

I'd like to remind everyone that any statements made during this call that are not statements of historical fact are considered forward-looking

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