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Goodrich Turns on Taps in the Haynesville; Touts IP24 of 72,000 Mcf/d
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Goodrich announced preliminary results on two Haynesville Shale wells in North Louisiana.
The Company has participated in two Haynesville Shale wells in Caddo Parish, Louisiana that have reached a combined 24-hour peak rate to date of approximately 72,000 Mcf per day. The Company owns a 17.4% working interest in each of the wells which came online the middle of December.
As previously announced, the Company has established a preliminary capital expenditure budget for 2017 of $40 million, which will be concentrated in the core of the Haynesville Shale play in North Louisiana. The budget, which will be monitored quarterly, contemplates 12-16 gross (3-4 net) wells for the year, with plans to commence drilling operations on its Wurtsbaugh 26-14-16 1 Alt well by early February.
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