the company began drilling operations on the five well Ferree pad, the first of two planned stacked Upper Devonian Burkett/Marcellus pads in 2014. The company is currently drilling the third of five wells on the pad and expects to complete the drilling of the five wells and begin completion operations in the second quarter of 2014. The second planned test, the six well Michael pad, will test multiple stacked Upper Devonian Burkett/Marcellus laterals. As previously announced, the company completed the six well Baillie Trust pad, the company's first test of vertically stacked Upper Devonian Burkett/Marcellus Nike Air Max Black Womens Ireland wells, during the fourth quarter of 2013. The company's continued analysis indicates that, while some transfer of energy occurred between the Upper Devonian Burkett and Marcellus, the production profiles of the wells preliminarily indicate that the Upper Devonian Burkett and Marcellus can be developed as two separate reservoirs.
The company expects to place the three well Schilling pad into sales in the second quarter of 2014. The company has also completed the drilling of the three well Shipley pad. The wells were drilled with an average lateral length of approximately 7,000 feet. In addition, the company tested Nike Womens Air Max Thea White
Additionally, production results thus far indicate that 600 foot down spacing has not significantly impacted .
ls that were completed in the first quarter, the company had 11. 0 gross wells resting at the end of the quarter in the Butler Operated Area awaiting commissioning of the Bluestone II facility. The Illinois Basin capital investment funded the drilling of one gross (1. 0 net) well, fracture stimulation of 13 gross (13. 0 net) wells and placing 13 gross (13. 0 net) wells into sales and other projects related to drilling and completing wells. In addition to operational and capital investments, investments for leasing and property acquisitions were $13. 0 million and capitalized interest was $1. 7 million for the first quarter of 2014. Investments in the company's water service subsidiary, Keystone Clearwater Solutions, were $2. 6 million for the first quarter of 2014.
600 foot spacing between the laterals on this pad. The Shipley pad, in addition to the Baillie Trust pad, is expected to provide additional confirmation of the company's resource potential in its Butler Operated Area. During the first quarter, Womens Air Max 90 Black And White
Note: Unless specifically stated otherwise in this operational update, all numbers are gross and all well results assume full ethane recovery. In the Butler Operated Area, the company drilled five gross (3. 5 net) wells in the first quarter of 2014, with 14. 0 gross (9. 8 net) wells fracture stimulated and four gross (2. 8 net) wells placed into service. The company had two gross (1. 4 net) wells drilled and awaiting completion as Womens Air Max Motion Lw Sneaker
of March 31, 2014. The company has completed the three well Schilling pad and the wells have been shut in for a 30 day resting period. The three wells were drilled with an average lateral length of approximately 5,800 feet and completed with an average of 29 completion stages.
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