Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from the line of Sharon Lui from Wells Fargo.
Sharon Lui - Wells Fargo
Just wondering what's the timing on the Red River expansion and if you're looking for, I guess, maybe a JV partner to help finance the project?
Barry Davis
Sharon the expansions that we've outlined this morning are relatively small. In fact, the capital that we outlined was approximately $35 million of total capital expenditures. So that is not something. As Bill said, we could manage that within our existing cash flow and debt facilities. So, first of all we would not be looking at partners on that.
Secondly the timing is between now and year a portion of it can be completed and then a second phase would actually go into the first quarter of 2010, completed by the end of the first quarter.
Sharon Lui - Wells Fargo
Okay and would the economics look similar to your phase 2 expansion?
Barry Davis
Actually, similar at this point would be good. We're actually optimistic that it will be slightly better than the multiples of cash flow if you will, that you're seeing in this and what we communicated this morning.
Sharon Lui - Wells Fargo
Okay and?
Barry Davis
We commented Sharon and we've talked about on the call that we do have larger opportunities for expansion out of our Haynesville. We’re continuing to work those. We think we have the time to continue to work those as we project the volume growth, but that is not what we were speaking to and that is, we would require alternative source of financing under the current arrangement.
Sharon Lui - Wells Fargo
Okay, I guess turning to your guidance, just wondering what is the volume assumptions behind I guess, the low ends and high ends of your guidance?
Bill Davis
The volumes vary to the extent of about $4 million of the impact that you see between high end and low end. We’ve assumed in the low end that some volumes that we expect to get particularly in North Texas that will turn out.
Sharon Lui - Wells Fargo
Okay, and may be if you could just talk about the numbers of wells connect during the quarter, it looks like its down from the first quarter and if you expect the pace to be similar to the second quarter for the balance of the year?
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