Exploration & Production | Operational Updates | Quarterly / Earnings Reports
Goodrich Develops in Tuscaloosa Shale, Increases Oil to Gas Production Ratio
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Goodrich Petroleum Corporation has announced financial and operating results for the quarter ended September 30, 2013 and provided an operational update.
Tuscaloosa Marine Shale ("TMS"): Preliminary 2014 capital expenditure budget allocates $300 million for the TMS to drill up to 31 gross (24 net) wells with five operated rigs running in the play by the end of 2014 pending continued success The Company drilled its Huff 18-7H No. 1 (97% WI) well with usable lateral of approximately 5,400 feet. The Company drilled the curve and lateral in a record time of 12 days but has experienced completion delays due to temporarily sticking the drill pipe shortly after reaching total depth. The Company successfully freed the drill pipe and is currently cleaning out the wellbore in preparation of…- ✓ Full news archive — U.S., Canada & international coverage
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