Question-and-Answer Session
Operator
Thank you. (Operator instructions) Our first question is from the line of Welles Fitzpatrick with Johnson Rice. Please go ahead.
Welles Fitzpatrick – Johnson Rice
Hi, good afternoon guys. I was wondering – I think at the time of the Analyst Day, you guys had about five verticals left, and I was wondering if you could just have sort of a timeline with regards to when the first Pennsylvania will be drilled?
Richard McCullough
Yes, wells. We had five left on Analyst Day, I believe. We've got five drilled now. So we have four remaining. The last two in West Virginia will be TD-ied I think over the next – hopefully over the next several weeks and then the two in Pennsylvania is on the new – as I said, we are going those on the new acreage that we acquired. And the permits on those are going to go in hopefully in the next week to two weeks and then we are probably looking at an October to November spud. I haven’t got the exact timeline from our land group, but I would say it's going to be in that timeframe.
Welles Fitzpatrick – Johnson Rice
I got it, great. Thank you, guys. That's all I got.
Operator
Thank you. Your next question is from the line of Eric Seeve with GoldenTree. Please go ahead.
Eric Seeve – GoldenTree
Hi. When I look at the 10-Q, capital expenditures for the first half of the year are a little bit under $105 million. I appreciate that there's a difference between the timing of when they go through your financials and when they are actually being spent. But given your guidance is $108 million for the year, can you talk about what we should expect to see flowing through the financials in the back half of the year?
Gysle Shellum
Sure, I'll take a stab at that. If you look at the Note 5 in our 10-Q and you may not have it in front of you, the actual change in properties and equipment during the year is $67 million. So that is the capital we have spent related to our capital program. That's the number that you compare to the $108 million we are projecting. So you can expect to see the difference, roughly $40 million spent in the last half of the year.
We've added a supplemental disclosure on our cash flow statement that shows what part of the capital expenditures on that schedule relates to accrued expenses at the end of the year and really is a working capital change rather than an addition to property and equipment. Nets down at the bottom of that page shows $37.7 million of the $104 million was the payment of payables that were accrued at year-end.
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