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After selling off a sizable portion of its Eagle Ford acreage, Goodrich Petroleum has turned its focus to the Tuscaloosa Marine Shale, where it is optimizing operations and lowering well costs.
The Tuscaloosa Marine Shale, a 2.7 million acre emerging horizontal oil play with vast quantities of oil contained in this powerful Cretaceous-age source rock, created quite a stir in the industry two and a half years ago when Devon, one of the early entrants in the play, announced a significant acreage position and plan to drill several horizontal wells.
Since then, over half a billion dollars has been spent by E&P companies on leasing, geo-science and…