Question-and-Answer Session
Operator
(Operator instructions) Your first question comes from the line of Robert Lynd with [Simons & Company].
Robert Lynd - Simons & Company
Good morning.
Charles Goodson
Good morning
Mike Aldridge
Good morning.
Robert Lynd - Simons & Company
Can you walk us through your 2008 production guidance assumptions? How much of that growth is being driven by unconventional, how much is from the Gulf Coast?
Charlie Goodson
Well, we have currently modeled about 45% of our production for 2008 is coming from the unconventional areas, which is up from about, I'd say I think we averaged 28% to 30% of the full year. So on just the growth piece, Robert, I think it's going to be hard for us to segregate that out but you can see that we're growing production, mid-point has us just around 15% absolute growth and we've got transition from 30% roughly to 45% of the production coming from the East Texas, Oklahoma and Arkansas.
Robert Lynd - Simons & Company
Okay and with Arkansas, given that you don't operate there, how much is that contributing to the guidance and how are you modeling that internally?
Mike Aldridge
Hey, Robert, Mike Aldridge. We are looking at probably about 5% of our '08 production coming from that Arkansas area, and basically, we are just steadily laying that growth in over a year.
Robert Lynd - Simons & Company
Okay. And then just moving on to the Woodford and the well that you included in the announcement of 2 million a day was that announced previously in your operations update?
Charlie Goodson
No.
Robert Lynd - Simons & Company
So this is a new well for the recent to we are around 2 million a day.
Mike Aldridge
Right.
Robert Lynd - Simons & Company
Okay. Can you give me what your total average initial production rate is for the Woodford bit horizontal?
Charlie Goodson
As far as an average for the first 11 wells?
Robert Lynd - Simons & Company
Yeah. Around that.
Charlie Goodson
It is probably -- we can get it for you Robert. I mean we are looking at a slew of them right here, it's going to be somewhere between 25 and 30.
Robert Lynd - Simons & Company
Okay.
Charlie Goodson
But we'll get back to you by the end of the call.
Robert Lynd - Simons & Company
Okay. And just to follow-up with that. The most recent two wells, a little below -- well they are below the previous four well average? Were these mechanical issue here or frac issue or is it just --- were they drilled in a similar area that might not be as productive as the previous four wells.
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