Operator: Good day everyone, welcome to the Chesapeake Energy Corporation Q2 2013 earnings conference call. Today's conference is being recorded. At this time, I would like to turn the conference over to Mr. Jeff Mobley, Senior Vice President, Investor Relations and Research.
Jeffrey L. Mobley - SVP, IR and Research: Good morning, and thank you for joining our call today to discuss Chesapeake's financial and operational results for the 2013 second quarter. Hopefully, you've had a chance to review our press release and updated investor presentation that we have posted to our website.
During the course of this call, our commentary will include forward-looking statements regarding our beliefs, goals, expectations, forecasts, projections, and future performance and assumptions underlying such statements. Please note that there are a number of factors that could cause our actual results to differ materially from such forward-looking statements.
Additional information concerning these factors is available in our earnings release and the Company’s SEC filings. We also refer to certain non-GAAP financial measures and we encourage you to read the full disclosure and GAAP reconciliations located on our website in this morning’s press release.
I would next like to introduce the members of management who are here on the call with me today; Doug Lawler, our Chief Executive Officer; Steve Dixon, our Chief Operating Officer; Nick Dell’Osso, our Chief Financial Officer; Jeff Fisher, our Executive Vice President of Production; Jim Webb, our General Counsel; and Gary Clark, our Vice President of Investor Relations and Research.
We will next turn to prepared commentary from Doug, and then we will move to Q&A. Doug?
Robert D. (Doug) Lawler - President and CEO: Thanks, Jeff, and good morning. As most of you have seen by now, Chesapeake has delivered a strong quarter, both operationally and financially. We are pleased with these results, which are a testament to the dedication and focus that has been demonstrated by the entire employee base during a period of transition.
Once I have discussed the performance on this call. I will spend some time briefly outlining some fundamental tenants underlying our approach to achieving key financial and strategic priorities for Chesapeake. As well as some specific goals for us going forward, but first let's look at the quarter.
Chesapeake reported adjusted earnings per share of $0.51, which compares to $0.06 in the year ago quarter. Adjusted EBITDA for the quarter was $1.424 billion, up 26% sequentially, 77% year-over-year.
Total production growth was also strong up 2% sequentially and 7% year-over-year. Oil production was the primary driver of our growth this quarter. It was up more than 35,000 barrels per day, a 44% year-over-year to approximately 116,000 barrels per day. This growth was once again led by the Eagle Ford Shale play. Our oil production grew 8,200 barrels per day sequentially and 32,700 barrels per day year-over-year to 57,000 barrels per day.
I'd also like to highlight that our percentage of production from liquids plays increased again this quarter to 25% and also accounts for 60% of our realized oil and gas revenue. Given the better than expected results, we are seeing primarily in the Eagle Ford from both well performance and proved cycle times on both drilling and completions. We are raising the midpoint of our 2013 full-year oil production guidance by 1 million barrels.