Question-and-Answer Session
Operator
(Operator instructions) And our first question will come from Kevin Smith with Raymond James.
Kevin Smith – Raymond James
Good afternoon gentlemen.
Cary Brown
Good afternoon, Kevin.
Kevin Smith – Raymond James
Just a few questions, first, the acquisitions that you did, can you kind of tell me, maybe give a little bit more color on when you closed on those to figure how much those impacted your quarter’s production?
Steve Pruett
We can give you an idea of aggregate net sales associated with those. They closed – at various times, there were three, and of course, they were all three small, two we are negotiating, and the third was the Clearinghouse auction, but the aggregate productions on two of the three. A 64 barrels a day impact on the quarter, but two of the three, which amounted to $5 million of the total 5.6 or 114 Boe per day. Kyle McGraw is down in Houston in a data room and on the phone right now, I am not sure he knows the third one, but I would estimate it around 140 net Boe per day. Well, let me do a little math here before I pop off and make that statement. That’s about right. Call it 150 net Boe per day on a run rate basis. The smallest acquisition of $600,000 was in locations where we have existing wells, we anticipate drilling additional wells. All three were in the Permian Basin, and two of three were operated, and one is next door to – or actually two are next door wells that we currently operate.
Kevin Smith – Raymond James
Okay. Great.
Steve Pruett
Times of acquisitions, small negotiated deals on top of or in addition to the usual larger deals that come every once in a while, of course, larger for us, Kevin, is $50 million to $200 million, not $1 billion.
Kevin Smith – Raymond James
Fair enough. The other question is I guess you talked about increasing your CapEx in the fourth quarter and then going forward, can you give us any color on the incremental projects you are looking at?
Steve Pruett
Paul Horne, who is sitting with us, who manages our operating team and engineering team as well.
Paul Horne
Yes. We are not looking at a significant increase in fourth quarter. We are going to go from $3 million in Q3 to about $4.6 million in the fourth quarter. We are still working on a $15 million annual budget. We are in the fourth quarter drilling an additional Wolfberry well as compared to our Q3. We had a Wolfberry well and an East Binger well drilled. So, slightly higher, an additional well, still not near as high as in prior years of CapEx. We have not set our capital budget for 2010. We have looked at a number of different scenarios, but expect our capital budget in 2010 to approach the prior year’s CapEx as opposed to the relatively low level of CapEx in 2009.
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