Question-and-Answer Session
Operator
(Operator instructions) Your first question comes from the line of Jason Gammel.
Jason Gammel - Macquarie
Good morning guys and thank you for taking the call. First of all I wanted to ask Dick about spud-to-spud time that you are seeing in the Haynesville, you downed about 45 days now pretty impressive decrease, do you think that is about where it flattens out or is there still some scope for a decrease in that spud-to-spud time?
Dick Stoneburner
Actually, I had qualified that spud-to-rig release; there are still a few days from rig release to the next spud. But to answer your question, I think there is still continued room for improvement, all of the things I mentioned that we are experimenting with and utilizing to increase to RRP and basically get the wells, two casing early are still improving.
Jason Gammel - Macquarie
And maybe if I could just ask one more about, I am kind of stumbling around trying to find the (inaudible) I am not able to look at it yet, but another operator has indicated that they think first-year declines are now going to be about 85%, versus what they have previously thought to 81% in the Haynesville. Is the data that you're saying indicating that a bit steeper first-year decline were you saw something – something around 80%, 81% is what you are most likely to say?
Dick Stoneburner
We have been talking about 80% and 85% and we wouldn't disagree with the observation that many of the wells declined by 85% the first year.
Jason Gammel - Macquarie
Okay and then just maybe one more if I could. In the move in to Shelby and Nacogdoches, I know it is very early days, are you able to make any contrast in what you are seeing with the rock in those counties versus what you are seeing within the core area they have in Louisiana?
Floyd Wilson
I would like Dick to respond to that. I will say it is highly competitive process down there and of course we see some similarities in some of the very few data points that we have, would you add to that Dick.
Dick Stoneburner
I would kind of say that you would almost have to rewind to a year ago and when we talk about that area of the field, there is such a limited amount of data available to us, like Ford said it is very competitive and I don't know that I really wanted to get to a lot of the detail that we see, but we are encouraged. And we are attempting to expand our opportunities set down there, but beyond that I think I would hesitate to give much more detailed.
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