Good day and thank you for standing by and Welcome to the Altus Midstream Third Quarter 2021 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today’s conference is being recorded. [Operator Instructions] I would now like to hand the conference over to your speaker today Patrick Cassidy, Director of Investor Relations with Altus Midstream. Please go ahead.

Good afternoon. And thank you for joining us on Altus Midstream Company’s third quarter financial and operational results conference call. We will begin the call with an overview by Altus Midstream’s CEO and President, Clay Bretches; and Ben Rodgers, CFO will summarize our financial performance and outlook. Our prepared remarks will be approximately 12 minutes in length with the remainder of the call allotted for Q&A. Remarks during the call may also refer to the Altus Midstream investor presentation, which can be found on our Investor Relations website at altusmidstream.com/investors. On today’s conference call, we may discuss certain non-GAAP financial measures, a reconciliation of the differences between these non-GAAP financial measures and the most directly comparable GAAP financial measures can be found in the investor presentation posted yesterday on the Investor Relations website previously noted. Finally, I like to remind everyone that today’s discussions will contain forward-looking estimates and assumptions based on our current views and reasonable expectations. However, a number of factors could cause actual results to differ materially from what we discussed today. A full disclaimer is located with the investor presentation on our website. With that, I will turn the call over to Clay.

Good afternoon and thank you for joining us today for Altus Midstream’s third quarter 2021 conference call. On the call today, I will begin with a brief review of our operating performance and provide background on the new gas processing agreement between Altus and Apache. Then I will discuss the business combination with EagleClaw that we announced two weeks ago, highlighting what it offers investors, customers and other stakeholders. Ben will provide more information on that transaction and a review of our financial results. Following that we will move on to questions and answers from the sell-side community. Given the disclosure made last month, the strong performance Altus achieved during the third quarter could easily be overlooked. But it deserves recognition. As noted in the news release issued yesterday, we continue to make steady progress on the key performance metrics that we’ve guided to for the year. Both our Joint Venture Pipeline and Gathering and Processing businesses have contributed to strong in the third quarter. GMP volumes, growth CapEx and adjusted EBITDA are all in line with our annual guidance. The joint venture pipelines continued to contribute to our results with the minimum volume commitments on the natural gas pipelines, providing stable, predictable cash flow. Our liquids pipelines are well positioned for volume growth as activity returns to the basin. Moving now to our Gathering and Processing business. Gas processing volumes were up slightly about 1% compared with the proceeding period. This reflects the full three months contribution from the DUCs recently brought online at Alpine High in 2021, offsetting the natural decline from legacy production. No new wells were added during the quarter and we had no material disruptions or other events that impacted our operations. Our operations team has done an excellent job focusing on cost structure, identifying…

Thank you, Clay. In my prepared remarks, I will highlight additional aspects of Altus Midstream’s business combination with EagleClaw, as well as our financial performance for the third quarter and outlook for the year. The combination that we announced two weeks ago will establish a robust cash flow generating business focused on providing midstream services to producers in the Permian Basin. It creates the largest gas processor in the Delaware basin with pro forma adjusted EBITDA for 2022 projected between $800 million and $850 million. The combined company expects to achieve at least $50 million of annual EBITDA synergies with a total integration spend of less than $100 million spread out over the next three years. Capital synergies from combining the systems are estimated at more than $175 million in the five years post-closing. One of the key highlights of the transaction is the ability of the combined company to generate significant free cash flow. Not only due to low forecasted capital needs, but also the ability to convert EBITDA into free cash flow. Capital spending for the pro forma enterprise is minimal, which gives us increased confidence in the ability to return capital to investors over the long-term. The pro forma cash dividend coverage ratio for the combined company is estimated to be 1.75x for 2022 higher than what a standalone Altus would have been able to achieve next year. The company has not only committed to maintaining the existing dividend through 2023, it is targeting 5% dividend growth starting in 2024. We are clearly excited about the prospects for the combined company. The new business will operate in two segments, Midstream Logistics, which includes Gathering and Processing businesses, water handling services and crude oil gathering and storage will represent approximately 65% of EBITDA. Pipeline Transportation represents the remaining…

[Operator Instructions] And I’m not showing any questions at this time. I’ll turn the call back over to Patrick Cassidy for any closing remarks. : :

Thank you for joining us on the call today. You’re welcome to reach out to investor relations if you have any questions following this call. Victor, thank you and back to you.

My pleasure. This concludes today’s conference call. Thank you for participating. You may now disconnect. Everyone have a great day.