Question-and-Answer Session
Operator
Thank you. (Operator instructions) And our first question comes from Michael Jacobs with Tudor, Pickering, Holt.
Michael Jacobs – Tudor, Pickering, Holt & Co.
Good morning.
Tim Dove
Hi Michael how are you doing?
Michael Jacobs – Tudor, Pickering, Holt & Co.
Well thanks congrats on the quarter. I had couple of questions. First one on the Spraberry, just wanted to reconcile the 41 wells that you put online with your 17 new drills and wondering if you can give us little inside onto what your backlog of wells went in completion are in the Spraberry?
Rich Dealy
Well today we have especially, very low backlog essentially zero. But as is always the case Mike, we carry over some wells that we have just completed, completed the sense of drilling at the end of 2008 and some of those get completed in the early 2009, actually adds sort of frac and timing into productions. So, we have pretty much now put on all the wells that we drilled last year and the wells we drill this year on production as we speak.
Michael Jacobs – Tudor, Pickering, Holt & Co.
Okay great.
Rich Dealy
We do have some Wolfcamp completions we could look at during – today those are being laid up.
Michael Jacobs – Tudor, Pickering, Holt & Co.
Okay. And just a follow-up on the Eagle Ford, one of the things that we didn't discuss, Chris gave a lot of great operational color, but we didn't talk about the liquid yield that you were seeing as you move from Southwest to Northeast, just wondering how you reconcile the net economic impact in the context of producing premium price liquids with the associated costs of producing some tight reservoirs?
Chris Cheatwood
Well liquids will be a really good thing today. I think it's just a real positive for us, you know, right now we are producing no liquids. So, I don't know what the yield is going to be like you know let's just leave it at that. I think what we are seeing, example, the data says we are in an RO value, which is an indicator of thermal maturity that most of our acreage has an RO off 1.5 in freight. So, I think we are going to have more dry gas than people are thinking. We will have some condense, but as I said liquids will be a pretty good thing today.
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