Operator
Thank you. Our next question is coming from the line of Megan Repine with FBR Capital Markets. Please proceed with your question.
Megan Repine, FBR Capital Markets
Hi, guys.
William Scaff, Co-CEO, Treasurer
Hi, Megan, how are you doing?
Megan Repine, FBR Capital Markets
Just my question is really around how should we think about modeling tie-ins of the non-operated wells? Based on your conversations with partners, have you seen a change in posturing the last operations update in December?
Ed Holloway, President, Co-CEO
This is Ed. We have seen a tremendous posturing change from almost all the Operators in the basin. Everybody is very receptive to swapping out interest for interest where they control their head size. Then we increase our working interest in [inaudible]. That dialog is showing on daily with probably six or seven Operators and everybody is pretty much on page there. We are either swapping acreage or swapping – they are working interest on our pads. Again, receiving an increased working interest in our pads and alleviating our non-op side. I think when we came out in our last press release, our CapEx was reduced on the non-op side and we continued to work on that daily. Yes, there has been a tremendous change with the – basically, the larger Operators thinks on the smaller Operators as well. We have been talking continually, and now we are in dialog with everybody.
Megan Repine, FBR Capital Markets
Okay, great. Just following up on that, how material could be asset swapson the amount that you can spend on extended reach laterals beyond the current well backlog that you have here?
Ed Holloway, President, Co-CEO
Well, it is not necessarily driven from extended reach laterals or what not, but it may be conducive for that if we can get the right blocking of acreage and the right geology. There are two factors. You have to have the geology to be able to drill the extended reach lateral, and then you look at the acreage position how you can get there, where to bend. Everybody is looking at that as well. That is going to be keen focus for us on reducing our overhead. [Static sound]I’m getting feedback here. Anyway, we are looking on all that and there is a lot of acreage swapping going on right now.
Jon Kruljac, VP Capital Markets, IR
Megan, our Wiedeman pad, we are looking at swapping out some working interest with another Operator there to increase our working interest above 70%.We have four extended laterals there. Some of the other discussions that we have going on right now, they are really not focused on achieving holistic – 100% working interest for extended reach laterals. It is more increasing more working interest percentages on future pads in general. Some of that impact extended reach and most of it does not.
Megan Repine, FBR Capital Markets
Okay, great. Thank you so much.
Operator
Thank you. Our next question is coming from the line of David Snow with Energy Equities. Please proceed with your question.
David Snow, Energy Equities
Hi. Which is working better – the slick water or the massive sand tracks?
Craig Rasmuson, COO
It depends upon the formation we are in for us. We really feel like we foamed in at the slick water is where we want to be when we are doing a Codell well. The sand really has not very too much on that. It could all be in a center formation as far as height. We feel like the 900 pound is kind of where we want to be per foot.
We are looking at increasing sand in Niobrara just by watching trends from ourselves and other Operators. The rule of thumb, if you are one of the basin, it would be 100 to 150 pounds more in the Niobrara just being that it is a second formation and you hope to connect more rock. We are now seeing trends to 200 feet to 250 feet pounds more, so you are looking at 1,100/1,150. We are just considering ourselves internally that we may even push the envelope on that and look at one or two wells, where we put 1,200 or 1,250 pounds where we have a good thick very porous Niobrara to consider.
So the Niobrara is — when we complete that we like some of the hybrid frack. It is not the slick water with the sand. It is simply value. You trail in. You start with the slick water, but you trail in what a hybrid of the Phaser or something along that line depending upon the completion company we are using.
