Top Story | Forecast - Production | Capital Markets | Capital Expenditure | Drilling Program - Wells | Capex Increase | Capital Expenditure - 2018
Goodrich Ups 2018 Capex +125% YOY; Eyes Haynesville Activity Increase
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Goodrich has detailed its capex for 2018 and 2019.
2018 Plans- 2018 Capex: $85-95 million (up from its initial plan to spend $65-75 million and up +125% from $40 million spent in 2017)
The increase is primarily to accelerate development in its core Haynesville Shale acreage position in the Bethany-Longstreet and Thorn Lake areas of Caddo, DeSoto and Red River Parishes, Louisiana.- 2018 Production: Estimated 2018 exit rate of approximately 100,000 Mcfe per day
- Well Plans: Drill 21 gross (8.7 net) HZ wells
Average lateral of 9,000'The budget currently contemplates that the Company would operate approximately 85% of its net wells for the year.
2019 Plans- 2019 Capex: $125-150 million (up +53% from 2018 at the midpoint)
2019 net production forecast to grow by approximately 75% over…
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