And in the San Juan, you have mentioned 400 to 500 barrels a day, 30 day interval there, how should we think about that relative to the focused EUR you guys speak about the 550,000 BOE EUR, is that sort of above that or on trendy boutique with that EUR you talked about? Couple of questions one on the TMS one and the San Juan, on the TMS guys simply questioning what your latest considering is on completions in terms of I consider on the last name or earlier this yr, you had been talking about concentrating on completing it above the rubble zone and it looks as if we have had perhaps some combined outcomes above or possibly a couple of wells what would possibly like they might have been better beneath the rubble zone, so simply wondering if you’re still confident in concentrating on above the rubble zone? You already know Matt effectively, nicely Mike grabbed a few of the information, you know, I think the way we’re pondering concerning the TMS is that, we really want to achieve the confidence, we really need to move forward rapidly there which is around the sort curve not solely the early efficiency on the type curve which as Mike mentioned, we are very encouraged however I want to get a bit extra time below our belt.
The economics are pushed off of very engaging production charges, as well as sure inherent benefits of our other oil plays, resembling our manufacturing stream is 90% to 96% black sweet oil, priced at roughly $2 off of LLS, and we continue to obtain north of $a hundred per barrel; our gas has a high BTU content, with approximately eighty to a hundred barrels of NGLs per million cubic ft produced; we’ve got 24 to 30 months of severance tax relief in each states of Louisiana and Mississippi; our royalty burdens averaged approximately 19% across our combined acreage block versus a lot larger in other performs; and we are coping with cooperative landowners and environment friendly state agencies for regulatory purposes. If — none of us know where gas costs are going to find yourself, however we can let you know hypothetically where the backs to start out shifting up, and you possibly can begin doing a $5 to $6 sort of hedge out in entrance of your self over a lengthy time period, then unexpectedly, our Haynesville’s going to begin competing pretty solidly, and we’d actually look to blend that portfolio. We know it is a bit of a irritating report here.
Great. After which, simply with regard to TMS, you talked about that the curves are performing at sort of your expectation on three of the wells, may you remind us how you guys think concerning the EURs within the play and then what you could see from here to progress that in direction of business development? Absolutely. The feedback have been to exhibit the nice flexibility now we have, we might transfer rigs, really to any of the core plays. Just like the success of a film to an amazing extent is dependent upon word of mouth, the identical is for business. I expected GISS to behave equally; it does to a restricted extent. GISS August up 0.01°C from July. And simply with respect to what we’re targeting approximately 600,000 barrels oil equivalent per nicely. Okay and only one clarification there, so as you guys suppose about the wells you’ve seen so far is, is the big takeaway that we should think about it effectively the initial manufacturing is meeting your curve expectation, however you’d wish to see longer term information before gaining extra confidence in that sort of attending to that 600,000 curve? The second factor is, we’ve an enormous land position there, I think, over 300,000 acres and as we think about that play we need to actually be sure that we are confident within the rocks across the play.
And the last thing is assured that the costs are coming down, this will likely be a big focus in 2014 and i hope by the point we exit the year, we truly know the solutions to those questions. If you want to be a part of those trend setting moments, you will need to know how one can captivate the second at YOUR occasion with slicing-edge entertainment, top-notch motivational speakers, and excessive-end cowl bands. Yes, absolutely with all of our performs, you see preliminary IPs very encouraging, but actually we want to see sustained production efficiency and see how nicely it matches, what are resolute modeling telling us, so actually have to see some history there to give us the arrogance. The EnCana-operated Anderson 17H-2, which as Gil stated earlier, had the record IP thus far of 1,540 BOE per day, had an analogous frac design to the Crosby and a similar lateral links to the Smith nicely. The other well, the fourth well if you will below sort curve however we perceive and that specific effectively that’s was frac communication and re-interference that affected that.