Question-and-Answer Session
Operator
(Operator instructions). Our first question comes from the line of David Heikkinen with Tudor Pickering Holt. Please proceed, sir.
David Heikkinen -- Tudor Pickering Holt
Good morning, guys. And good quarter and wanted to ask some questions as you think about that three-year plan of, how do you balance spending in the Pinedale and spending in the Marcellus and what do you think about from a capital intensity over that time frame on an annual basis?
Mike Watford
Well, David, I think that Pinedale has fantastic economics and low cost as evidenced by our lowest cost in the industry here this quarter this year, allows us to have very healthy margins even in a low commodity price environment. So we are not going to abandon Pinedale. I think you will see us go to a level loading there of a flat capital of $450 million, $500 million, maybe seven rigs, eight rigs, we'll see, and although Bill continues to get more productive so every rig costs us more money every year, even the low costs were down, because of more well being drilled per rig. And I think will you see us flex up and down here for the next couple of years what we do in the Marcellus and deeper horizon in Pennsylvania. I think we are real serious about our ability and based on continual good success that we've seen in the first nine wells really that you will see us go towards that 100 well program in 2010, if not more. So I'm not giving absolute numbers but we have some another core area to develop in the Northeast and I think you are going to see us spend more of our CapEx there.
David Heikkinen -- Tudor Pickering Holt
And the 100 wells, is that a gross well count? I mean, what will your net well count be?
Mike Watford
I don't have a net well count. It's a gross well count, it is just a starting point in the conversation. We don't have any capital budget for 2010 yet.
David Heikkinen -- Tudor Pickering Holt
And then average 50/50 joint venture with east, how much acreage do you own that would be outside that?
Mike Watford
I think of the 320,000 acres we have 30,000 acres, 100% in the other is with east.
David Heikkinen -- Tudor Pickering Holt
Okay. So thinking about it as a 50% working interest on that well would be a good starting point as well.
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