Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Scott Hanold – RBC Capital Markets.
Scott Hanold – RBC Capital Markets
On the McKenzie well, I know you’re not going to throw a rate at us at this point in time but you keep talking in terms of you’re drilling this well, how is it relative to say like the original Fogle well and given what you know, since it’s been on, how does it compare to the Fogle. Or is that not the right way to look at it?
H. Baird Whitehead
That is sort of the right way to look at it. I mean, all three of these wells are sort of acting almost the same. Maybe the Gibson and McKenzie a tad less. But again, the Fogle well, we opened it up and essentially got it down to line pressure within about a month and a half, line pressure being about 600 pounds. In this case we’re holding 2,000 to 3,000 pounds of back pressure intentionally, and they appear to be cleaning up a lot better than what the Fogle well did, so for that reason, they way they’re acting with their short production histories, as compared to what the Fogle well did, I think they’re acting sort of the same.
It’s impossible to draw a curve on a well that, some kind of forecast on a well that is curtailed, on a decline curve analysis. You just can’t do it. It’s got to be under a constant back pressure in order to accurately forecast. So constant back pressure, in most cases, is line pressure when it’s all [inaudible] the line.
So at this time we are pleased with how those two wells are acting.
Scott Hanold – RBC Capital Markets
And with the McKenzie, when did that start cleaning up?
H. Baird Whitehead
It’s been cleaning up for about two weeks.
Scott Hanold – RBC Capital Markets
And could it be another couple of weeks until you have that thing flowing at a pretty nice rate?
H. Baird Whitehead
Since we have only got about 10% out of roughly 70,000 barrels of water we pumped away, this is a lot of water we’re pumping out of these things, and cleaning up at a 700 barrel to 800 barrel water a day rate, you can do the math. It takes some period of time. But as time goes on and you get the bulk of the water out, you know, north of 50%, you’ve have a pretty good idea what you have.
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