Well Lateral Length | Quarterly / Earnings Reports | Production | Proppant | Second Quarter (2Q) Update | Key Wells | Capital Markets | Drilling Activity | Capex Decrease | Capital Expenditure - 2017
Goodrich Scales Back 2017 Capex -17%
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Goodrich has reported its Q2 2017 results. Highlights include:
- Production for the quarter totaled 3.3 Bcfe, with average daily production of approximately 36,300 Mcfe per day (85% natural gas) up +40% from prior quarter
- Cuts 2017 Capex: Reduced to $35-45 million from $40-50 million due to savings and efficiencies gained from drilling two 7,500 foot laterals from a two well pad versus two individual 10,000 foot laterals originally planned
Haynesville Drilling
The Company is currently drilling its Franks 25&24 No. 1 well (69% WI, 50% NRI), which is planned as a 10,000 foot lateral with a completion design utilizing 5,000 lbs of proppant per foot.
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Second Quarter (2Q) Update
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