Question-and-Answer Session
Operator
(Operator Instructions). We'll pause for just a moment to compile the Q&A roster. Your first question is from Jason Gammel with Macquarie.
Jason Gammel - Macquarie
Thank you. I was hoping that you might be able to translate the 2010 capital budget from dollars into number of rigs running or perhaps number of wells you expect to drill in each of the major plays?
Floyd Wilson
Is that included in our press release? We'll post that on our website later today, Jason. We do have that information readily available.
Jason Gammel - Macquarie
Okay. That's great. Maybe if I could just ask a couple of questions on the Eagle Ford then. First of all the Dimmit County acreage, you mentioned that this is oil perspective. This is really the first oil objective that you are going to be drilling in the Eagle Ford. Can you talk a little bit about the rock characteristics? Is it shallower, what type of well costs you expect to see, etcetera?
Floyd Wilson
I can't, but Dick certainly can.
Dick Stoneburner
Yeah first up its not Dimmit County we have not specifically stated where its located in the up dip portion of the play, but we feel like the rock characteristics are very, very similar to what we see in the Hawkville field area. Not quite as thick, but quality, we expect it to be comparable. The biggest question is permeability to oil, versus permeability to gas and that's what we'll have to find out as we test it. We think about $3.5 to $4 million completed well cost. And we'll drill a similar style well that we're drilling in Hawkville.
Jason Gammel - Macquarie
One more if I could, the 42 day average drilling time that you expect to see in 2010, are you hitting some limits here at the 42 days we could expect even forward prospectively past 2010 or Dick are you going to make us start measuring this in hours instead of days?
Dick Stoneburner
I appreciate the compliment we are very proud of the results we have made. I wouldn't say there's a ceiling at this point. I really can't emphasize enough the technology that's been employed by the operational group in the mid-continent. I see these penetration rates continue to improve, so as long as we continue to improve that, that directly translates in to number of days, so, you know, can we knock another 10%, off? Yeah, I think that's very feasible. More? I don't know, but we're working at it.
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