Question-and-Answer Session
Operator:
Thank you, Mr. Pinkerton. (Operator Instructions). Our first question comes from Mr. Tom Gardner with Simmons & Company. Please proceed with your question.
Thomas Gardner – Simmons & Company
Thank you, operator. John, just circling back on what you just said with regard to your rates moving into the Northeast portion of the Marcellus. I believe, Jeff, mentioned on the last call that those rigs were moving in there in August. I just wanted to see if you had any sort of results to date and perhaps give an update on the development timing in that that Northeast portion of the play?
Jeff Ventura
This is Jeff. Let me take and crack it that. Yeah, Tom, I just say that on the last call, the rig we're getting here the special built rigs and they were slow to be delivered, so that does delayed a little bit. But we're currently drilling simultaneously few wells in the Northeast one offsets our best vertical well made over 6 million per day from a vertical well, so we have, I hope for that the other one is offsetting also an excellent vertical wells that made over 2 million per day. They are drilling simultaneously, they are already at significant depth so while I feel comfortable we'll have results by the end of the year. We're already preplanning, once we drilled a good vertical wells, we shot 3D to cover it so we're drilling the horizontal wells off the 3D directly offsetting the vertical, we've already acquired pipeline right away, we're already acquired our caps. So, I think that area I have good hopes for, high hops for and I expect it will come online towards the end of the next year with good results for these few wells. You’ll see us doing some drilling in the Northeast next year primarily focussed in the southwest ramping up production continuing to drill in the Northeast and then we'll have our pipeline on there by the end of next year, it's all going to be dry gas with significant development in 2010 in that area.
Thomas Gardner – Simmons & Company
I will just staying with the, thanks Jeff, just staying with the Northeast portion of the play. How much acreage do you currently have in New York? Can you give us an update on these regulatory initiatives and the ultimate impact perhaps on drilling in the State?
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