Question-and-Answer Session
Operator
(Operator Instructions). The first question comes from the line of Carl Kirst of BMO Capital.
Carl Kirst - BMO Capital Markets
Hey, good morning everybody and a nice way to start off here. Just a few E&P questions if I could, Matt just... I guess the EOG JV horizontal well that's drilling now, is that number seven or number eight, I am losing track.
David Smith
The one that it's drilling now would be our seventh horizontal.
Carl Kirst - BMO Capital Markets
Would be seventh. And are you seeing previously I guess we've talked about well cost in the range of $3.5 million sort of on a run rate basis, understanding we're doing a lot of science in the early days here. But, are you seeing costs beginning to come off on that, as far as your drilling incompletion estimate for this well here?
Matthew Cabell
Maybe a little bit Carl. It's not a substantial change at this point. I think what we're really seeing is, we'll probably be able to drill wells at that same cost, and get much longer laterals. So, on a cost per foot basis, yeah we're seeing an improvement.
Carl Kirst - BMO Capital Markets
Could you repeat what the lateral lines of these of the three wells that are going be fracked and I guess the anticipated laterals the well that's being drilled?
Matthew Cabell
They range from 3,800 feet to 5,700 feet.
Carl Kirst - BMO Capital Markets
Okay. And then, just last question I had on that, you had mentioned a possible flow test in March, and then maybe having a data point on the next earnings release. Since we have three wells waiting to be fracked is that some thing where all three wells can kind of be fracked kind of back-to-back i.e. we might have three data points, or is the timing such that there going to be space enough on part where we really are going to have that sort of first flow test by the next call.
David Smith
Carl, I guess I would expect that we'll only have one by the next call. Two, that are waiting are in a fairly remote location that we think is better or I should sat EOG thinks is better to wait until, after the spring fall. So those two wells would be further down the line.
Carl Kirst - BMO Capital Markets
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