Question-and-Answer Session
Operator
(Operator Instructions). Your first question comes from the line of Michael Hall with Stifel Nicolaus.
Michael Hall - Stifel Nicolaus
Thanks. Congrats on a solid quarter.
Dan Dinges
Thanks Mike.
Michael Hall - Stifel Nicolaus
Just trying to kind of gauge a little bit or in terms of expectations in 2010, just trying to think year-end how many fit for purpose rigs you think you are targeting for the Marcellus at this point?
Dan Dinges
At year end...
Michael Hall - Stifel Nicolaus
2009, I'm sorry coming into 2010.
Dan Dinges
Okay. We would hope to have five on contract by the end of the year.
Michael Hall - Stifel Nicolaus
Okay. And you had talked about potential wanting to add some in 2010, any thoughts on how many of you looking to have?
Dan Dinges
Yeah, we'll had a two or three more fit for purpose rigs.
Michael Hall - Stifel Nicolaus
Okay. And so then with that fleet do you think what sort of well comps you think are reasonable to think about for 2010 horizontal Marcellus wells is that a 75 wells, 100 wells what do you think is reasonably?
Dan Dinges
We're working on that right now as I was getting granular on our 2010 program we'll come out of that in October.
Michael Hall - Stifel Nicolaus
Do you think that ballpark is anywhere? Am I in the ballpark or is that...?
Dan Dinges
I'll catch at this way Mike that we don't have -- will have more horizontal wells in 2010 that we're drilling this year.
Michael Hall - Stifel Nicolaus
Okay. That's fair.
Dan Dinges
The reason I can't get the exact with it is, we're going to have X amount of cash flow. I think its prudent within cash flow. We have other opportunities there and another initiatives within the company and we haven't made that decision yet on the exact amount we're going back to the North with people we have, how efficiently we can move with people we have up there and all the other opportunities we have within the company.
Michael Hall - Stifel Nicolaus
Okay. Fair enough. In terms of cost results to-date in the Marcellus -- what are the average cost looking like your horizontal thus far?
Dan Dinges
I'll let Mike pickup with that.
Michael Hall - Stifel Nicolaus
Thanks.
Michael Walen
Yeah Mike, we're -- right now we're in about a 33 to 35 range currently. We're working that real cost down and there is new larger rigs are really shown as improvement and I am still hoping that we're going to be able to get our cost down to the 3 million or 3.2 million range in the near future.
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