Operator: Good day and welcome to the Chesapeake Energy Corporation's Fourth Quarter 2013 Conference Call. Today's conference is being recorded. At this time, I would like to turn the conference over to Mr. Gary Clark. Please go ahead, sir.
Gary T. Clark - IR: Thank you, David. Good morning, everybody, and thank you for joining our call today to discuss Chesapeake's financial and operational results for the 2013 full year and fourth quarter. Hopefully you've had a chance to review our press release and the updated investor presentation that we posted to our website this morning.
During this morning's call we will be making forward-looking statements which include statements regarding our beliefs, goals, expectations, forecasts, projections and future performance and the assumptions underlying such statements. Please note that there are a number of factors that will cause actual results to differ materially from our forward-looking statements, including the factors identified and discussed in our earnings release today and the Company's SEC filings.
Please recognize that, except as required by applicable law, we undertake no duty to update any forward-looking statements, and you should not place undue reliance on such statements.
I would next like to introduce the members of management who are on the call with me today. Doug Lawler, our Chief Executive Officer; Nick Dell'Osso, our Chief Financial Officer; Chris Doyle, our Senior Vice President of Operations - Northern Division; Jason Pigott, our Senior Vice President of Operations - Southern Division; and John Reinhart, our Senior Vice President of Operations and Technical Services.
As a reminder, we provided our 2014 outlook and capital program on February 6, and that guidance remains unchanged at this time. Please note that for your convenience we have attached Schedule A detailing that outlook at the back of today's earnings release.
We will next turn to prepared commentary from Doug and Nick and then we will move to Q&A. Doug?
Robert D. 'Doug' Lawler - President and CEO: Thank you, Gary and good morning. Like Gary said, I hope you've had an opportunity to review our 2013 full-year and fourth-quarter results which were issued earlier this morning.
Just first off, 2013 was a remarkable year of transformation for Chesapeake, and one in which a tremendous amount of hard work and organizational change took place. I'm extremely proud of the Chesapeake team and the rapid pace that we tackled our challenges and opportunities.
Our new strategies of financial discipline and profitable and efficient growth from captured resources have resulted in foundational improvements across the business.
In 2013, we have dramatically improved our capital efficiency, cash costs and operating margins. We've made progress in strengthening our balance sheet and reducing complexity in the Company financial statements. With the release of our 2014 guidance a few weeks ago we have set the course for another year of continued improvement.
While we still have lots of work to do to achieve our goal of becoming a top-performing E&P Company, we completed the necessary steps in 2013 to align our strategy with our world-class assets, motivated and talented employees and competitive business processes.