Mark G. Papa: The typical lease term there is between three and five years.

David Heikkinen (Pickering Energy Partners): Sounds like you want to get more oily. Would we expect over the next 12 to 18 months to see more oil projects coming up?

Mark G. Papa: It is really hard to find oil in North America. With this horizontal drilling we may have found oil project in North Dakota. Whether we can find more of these with horizontal drilling in the onshore U.S we are looking for is not certain. But I wouldn’t say that it is going to be a radical shift away from our gas weighting but it will be more of an at the margin shift.

Joseph Allman |(JP Morgan): You spoke strongly about not doing MLP. Can you just give the reasons for that?

Mark G. Papa: We feel that if you do an in house E&P, MLP you are just creating a potential conflict that may bring on subsequent litigation. Secondly, the MLP, which is by nature a declining asset, has to be tied to a commodity price which is very volatile. Then having to attempt to commit to the purchaser of the MLP that you are going to give that person an ever-increasing dividend stream, if you will. That is something we probably don''t want to get involved with.

Joseph Allman (JP Morgan): Do you have any disappointing results that caused shortfall in ex-Barnett from the gas side?

Mark G. Papa: No, it is just a more of a redirection of capital away from gas in the second half and towards the oil.

John Mansfield (SAC Capital): Have you drilled and tested in the Manco Shale at this point?

Mark G. Papa: We have drilled Manco Shale well or two and we are involved with another operator there testing the Mancos. We are not convinced at this point, but certainly they are appears to be some sweet spots to Mancos and we will continue to try to evaluate that play.

Marshall Carver (Pickering Energy): How many wells per rigs per year are there in the Bakken? What should our expectation be there?

Mark G. Papa: Probably 10 wells per year per rig.

Gil Yang (Citigroup): In your divestiture at Culberson, was that a decision based on the feeling that that would never work, or was it more of an issue that you didn’t have the time and manpower to spend on it?

Mark G. Papa: We just had others that look more promising.