Question-and-Answer Session
Thank you, sir. [Operator Instructions] We'll pause for just a moment to compile the Q&A roster.
Your first question comes from the line of Carl Kirst from BMO Capital. Your line is open.
Carl Kirst - BMO Capital
Hi, good morning everybody and a very nice quarter.
James T. McManus, II - Chairman and Chief Executive Officer Energen and all Subsidiaries
Good morning, Carl.
Carl Kirst - BMO Capital
Couple of questions? kind of detailed questions and then sort of a broader question. But just? you know kind of from a modeling standpoint. Do you guys have what the realized prices were before hedges, we're just trying to debt-reckon our basis.
James T. McManus, II - Chairman and Chief Executive Officer Energen and all Subsidiaries
I think Chuck, does have that information. While he's flipping to it Carl, he's got it.
Charles W. Porter, Jr. - Vice President, Chief Financial Officer and Treasurer Energen and all Subsidiaries
Carl, I presume you're referring to the quarter?
Carl Kirst - BMO Capital
Yes.
Charles W. Porter, Jr. - Vice President, Chief Financial Officer and Treasurer Energen and all Subsidiaries
Well, for gas the price was $8.42 with futures and it would have been $9.03 without futures. The oil price was $78.08 with our hedging activities and as you know through the first nine months, oil prices were very high so it would? price per barrel without futures would have been $116 per barrel. And natural gas liquids with the hedging were $1.03 per gallon and without would have been $1.37.
Carl Kirst - BMO Capital
Okay. And I'm sorry Chuck, just on the $116 on the oil. I'm sorry was for the nine months or was that for the third quarter?
Charles W. Porter, Jr. - Vice President, Chief Financial Officer and Treasurer Energen and all Subsidiaries
Carl, all of that was for the quarter.
Carl Kirst - BMO Capital
Okay. Great, thank you. The second detail question was just more looking at the deferred taxes. It looks like there's quite a bump this year as much as it's almost? your booked tax rate I assume that's coming from the expensing of the IDCs [ph]. In as much as that's going to be? or at least according to the guidance kind of falling off for next year.
How should we be thinking about the expensing of the IDCs going forward? Should we be thinking about it just 40% of your booked tax rate's going to be deferred or should we be looking at something more like 65% of your drilling costs. I guess your CapEx would be used by the IDCs? How should I think about that?
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