Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Terese Fabian – Sidoti & Company.
Terese Fabian – Sidoti & Company
I have a question on the third quarter and sort of shedding some light on the fourth quarter. You have a relatively high revenue per crew, if I do a straight division of revenue divided by four crews it comes to about $4 million. What is going on there? Are you seeing greater efficiencies or are you having a higher proportion of jobs using dynamite? And, going in to the fourth quarter is this going to remain relatively the same?
Wayne A. Whitener
Yes, we had an increase of dynamite jobs. In the third quarter of ’09 we had 66% of revenue was dynamite work versus 22% in the third quarter of ’08. Going in to the fourth quarter we expect to have the same amount of dynamite versus vibroseis.
Terese Fabian – Sidoti & Company
Did you have any weather effect in the third quarter?
Wayne A. Whitener
Nothing real significantly no.
Terese Fabian – Sidoti & Company
I think at one time you had said that 65% or so of revenue is gas oriented leverage. Is that going to be more oil now with the Eagle Canada acquisition?
Wayne A. Whitener
Well, we’ll have to see how the contracts play out. We expect to see probably more oil plays going forward but as far as percentage, we don’t really have a handle on that yet.
Terese Fabian – Sidoti & Company
The fourth quarter generally has some holiday effect and maybe some slowdown per work with hunting season going on, do you think that’s going to be the same this year?
Wayne A. Whitener
Yes. Normally in the fourth quarter we see some additional weather, holidays and also the hunting effects so yes, there will be some of that effect which will be in the fourth quarter.
Terese Fabian – Sidoti & Company
My last question for right now, where are your crews working and where are the inquiries coming from that you are getting?
Wayne A. Whitener
Well, right now we’ve got of course crews working in Texas and Kansas. As I mentioned, we’ve got some new work we expect to do hopefully in the fourth quarter in the Marcellus which is central Pennsylvania. We also will have some additional work along the coast in south Texas.
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