Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Carl Kirst - BMO.
Carl Kirst - BMO
A couple of quick questions, Matt, just first off and great results here. With respect to the latest two Seneca wells and the difference say for instance than what we were seeing prior, do you choke this up mainly to just being in Tiago or do we have more frac stages or different completion as well that is in part responsible for the differences in early IP rates.
Matt Cabell
Carl I guess the way we’re looking at it now is there are two potential factors that are affecting these fracs as compared to our fracs in the area that we have been active with EOG. One is the rocks are a little different, the rocks are a little thicker and potentially a little different in some other properties and the other is we did frac at a higher bump rate.
So, our frac technique was a little different. What remains to be seen is how much of the difference in the performance of the wells is a function of difference in the rocks and how much is a function of the difference in the completion technique and until we have the completion technique that we used and the pump rate that we used on a well in a more western part of our acreage we won’t know for sure which is the bigger factor, but we wouldn’t know that within a months.
Carl Kirst - BMO
Then just a quick follow up on the acceleration you gave us the update on what you think the exit rate for September 2010 would be. I think previously you had also gone out and said what you thought September 11 things and rate might be and I didn’t know if perhaps, as we are accelerating it to 2010 and presumably that momentum will continue into 2011, didn’t know if you would hazard a guess what you think that exit rate could be to yourself?
Matt Cabell
Well, I think I’ll do it this way Carl. It’s undoubtedly going to be higher than what we had previously estimated, but I’m not certain that we’re ready to provide a range today.
Dave Smith
Carl, our analyst conference is next week in New York and Boston and then I think by then Matt might have it.
Ron Tanski
Carl, this is Ron and in part the wide range in our earnings guidance range at least for 2010 reflects the uncertainty as to when production will get turned on. I mean looking out two years and at this stage maybe there are some uncertainties.
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