I will then turn the call over to Chad Allen, our interim CFO and Chief Accounting Officer to walk you through the financials.Then we will turn the call over to Bahram Akradi, Chairman of the Board, who has joined us today, and he can give you his perspective of the strategy not only as our Chairman, but also as a significant shareholder. Let me start off by saying December capped off an outstanding fourth quarter, which was the capstone to a very good year for Northern operationally.Now, let me put 2017, and especially the fourth quarter in context of what we have accomplished over the last several years, and how that has not only set-up the results I just mentioned, but also setting us up for things to come.As we began 2015, we indicated to you that we wanted to protect and preserve our liquidity.We added 7.1 net wells to production during the fourth quarter, which drove our nearly 10% sequential production growth.
Northern Oil & Gas (NYSEMKT: NOG) Q4 2017 Earnings Conference Call February 23, 2018 AM ET Executives Brandon Elliott - Interim President Chad Allen - Interim Chief Financial Officer, and Chief Accounting Officer Bahram Akradi - Chairman of the Board Analysts Jason Wangler - Imperial Capital Neal Dingmann - Sun Trust Park Carrere - Howard Weil Owen Douglas - Robert W. These forward-looking statements are subject to risks and uncertainties that could cause actual results to be materially different from the expectations contemplated by these forward-looking statements.
We disclaim any obligation to update these forward-looking statements.
During this conference call, we may discuss certain non-GAAP financial measures, including adjusted net income, adjusted EBITDA, and PV10 Value.
I will cover 2017 and our strong finish to the year, I will then cover how some of the strategic initiatives we have undertaken over the past several years are contributing to our current momentum.
I will also cover the proposed foreign exchange we recently announced and how this would position Northern's balance sheet going forward, and that opportunities it could open up to us.
“People were dancing before the appetizers even came out,” says Chad.