Question-and-Answer Session
Operator
(Operator instructions) Our first question is from Philip McPherson – Global Hunter Securities
Philip McPherson – Global Hunter Securities
I've got a lot of questions I'll just hit a couple and then re-queue. Can you talk about the reserve additions and the 3.8 million that was added to the acquisition what particular acquisition that is related to?
Leland Tate
Leland here, the 3.8 million barrels is from our Clipper project, that's Green Canyon 299 and 300. We acquired a 55% working interest there. The others I think we described, Phil. Did you need something specific more on those?
Philip McPherson – Global Hunter Securities
Just the extensions, did you get a big reserve boost at Gomez or I know in the past that's where a lot of it has been, was there anything in particular there that was?
Leland Tate
Actually, it was spread around quite a lot. We did get an increase at Gomez it was a nice increase. We got one at Tors in the U.K. we got one at Cheviot and in the U.K. our Canyon Express properties got some additions also. So it was pretty well companywide, as far as the overall reserves go.
Philip McPherson – Global Hunter Securities
One for Al, should we expect a gain in the first quarter on the sale of the Innovator, can you give us any guidance there?
Al Reese
Phil, no we will not recognize a gain for accounting purposes. This is effectively a transfer to a controlled partnership where we will be GP.
Philip McPherson – Global Hunter Securities
Great and I'll go back to Leland for one and then I'll hop off. Leland, what's the Gomez currently producing right now out of the $130 that you're producing as companywide?
Leland Tate
It produces right around 10,000 barrels a day gross and somewhere around 24 to 25 million a day of gas that goes along with that.
Philip McPherson – Global Hunter Securities
And how do you see that ramping up? What is the well capacity out there right now, not the capacity but what are the wells producing like?
Leland Tate
After coming back on after the hurricane they actually did quite well. They came on at even stronger than they were before. And then, of course, as the fresher spread out in the reservoir actually that kind of settled back down to about where they were. After we bring on the number eight well I would say we'll probably be in the 13,000 barrel a day range somewhere in the 35 million to 40 million a day gas.
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