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Goodrich Drills Four Wells in the Haynesville, TMS
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[Summary: Goodrich reported Q1 2017 results and highlights from conference call/release today:
Haynesville:
Drilled two Caddo Parish Haynesville wells currently completing with a current combined rate of approximately 51,000 Mcf per day (average lateral of 9,600 feet)
ROTC No.1 well was completed with 5,100 lbs of proppant per foot ROTC No. 2 well was completed with 3,100 lbs of proppant per footTMS:
Drilled two TMS wells waiting on completion]Goodrich Petroleum Corporation today announced financial results and an operational update for the first quarter ended March 31, 2017.
FINANCIAL RESULTS SUMMARY
Revenues for the quarter totaled $9.4 million and Adjusted Revenues, when adding in net cash received in settlement of derivatives, was $9.6 million, with 56% of our oil and gas…
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