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Goodrich Preps to Drill Two 10,000' Lateral Wells; Touts Sizeable Production Growth
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Goodrich Petroleum reported its Q2 2018 results.
Sees Sizable Production Growth- Q2 production of 60.6 MMcfe/d (up +67% YOY and +64% from 1Q18)
Since the end of the second quarter production has averaged 75,500 Mcfe per day and the Company expects to commence flowback on two additional Haynesville wells during the third quarter The Company is maintaining its year-end exit rate of approximately 100,000 Mcfe per day Preps to Drill Two 10,000' CompletionsMobilized Rig for 10,000' Completions: The company is currently running two rigs (the second rig was added at the end of Q1).
One rig is currently en route to the Cason - Dickson 14&23 No. 3&4 (85% WI) wells in Red River Parish, Louisiana, following the Harris 14&23 No. 1, which are two planned 10,000 foot laterals off of a common pad.
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