Mike Kelly, Global Hunter Securities
Got it. Appreciate that. Maybe just a follow-up on the cost side. Like December 18, when you guys put up your ops update, you stated $3 million or $3.3 million was going to be go forward cost to give the AFE a $3.3 million on recent pad here. Any change to that, things going out worse here over the last month, so the potential that you will push that lower below $3 million? Thanks.
Craig Rasmuson, COO
Mike, it is Craig. It is in the $3 million to $3.3 with all the contingencies and overhead that we put into our AFE. It is sitting solidly at $3.3 million with nearly $300,000 of contingencies and overhead. We really do credit our staff and the diligence and the relationships that our vendors across the Board have with us and the trust they have in us. They are doing great things as far as bringing down their cost. Great examples of Weld 152 pad – the completions for those wells slick waters were in the $1.2 million to $1.3 million range and all the way to $1.4 million to $1.5 million. Then also the phase of fracks in the Niobrara on that pad was in the $1.7 billion to $1.8 million. That $1.7 million to $1.8 million now is down to about $1.1 million, $1.2 million as far as the bids we have seen, $1.3 million depending upon that.
We are limiting the four stages of fracks that is helping that come down a little bit not necessarily limiting. We certainly feel like we are honing in on the right space with 180/185-feet per stage. The 26 stage fracks that we had been doing versus the 20 stage fracks and 18 stage fracks within the run and left those early on, we really feel like we are honing in as some of our other peers are on that 22 stages 180-feet space.
We are realizing without even the downturn in commodity pricing we were realizing that — we were going to be going in that direction. Things are going well on bringing those costs down and we are excited to go ahead and realize that going forward in the rest of the fiscal years drilling program.
William Scaff, Co-CEO, Treasurer
You are right Mike, the realization setting in more and more with these companies. We had meetings yesterday. We got more meetings today. We’ got meetings all next week with each one of the vendors one on one. We are seeing with each meeting that they are getting a little bit more aggressive on bringing those prices down. Our goal is to realize around $3 million and see where it goes from there.
Mike Kelly, Global Hunter Securities
Great, good color. Good quarter. Thanks guys.
Ed Holloway, President, Co-CEO
Thank you.
Operator
Thank you. Our next question is coming from the line of David Beard with IBERIA. Please proceed with your question.
David Beard, IBERIA
Hi.Good morning, gentlemen. Congratulations on the quarter and thanks for the detail relative to your operations. My question really relates to how long would you keep these wells uncompleted? Is it a function of commodity price? Is it a function of getting the service cost down? The corollary to that is, we still go ahead and drill and sort of build a backlog of uncompleted wells. Thanks.
William Scaff, Co-CEO, Treasurer
Yes. We are going to go ahead and continue to drill on our Cannon pad and the function of bringing these wells on and its takeaway capacity at the midstream level, weather conditions not having to heat tanks, doing some various things. If we are going to wait, let us wait and see as economical as we can possibly be. At the same time watching commodity prices, you get as good as mine. Are they going to settle down here or they are going to go lower?
In the meantime with the weather constraints, the highline pressure, even though some of these wells are more on the western side, we are still going to be very cognizant of all of those working parts before we make a final decision. I will tell you as of today, we are looking at that and we have not made that decision just point in time. With this cold and some of the constraints we are having with the highline pressure, I can tell you it would not be next week. It is going to be some time in the near future as we start to go ahead and bring these pads on one at a time at a time that makes sense.
