One-Page Deal Sheet
Goodrich Petroleum Acquires Haynesville Acreage
Goodrich Petroleum Corp. Not Disclosed
Announced Date
December 03,2009
Close Date
December 31,2009
Transaction Type
Property
Location
Region
Ark-La-Tex
Country
United States
State
Texas
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Transaction Details: Subscribe to see
Goodrich Petroleum Corporation today announced its preliminary capital expenditure budget for 2010, a significant acreage acquisition in the Angelina River Trend, and an operational update on its Haynesville Shale and horizontal Cotton Valley Taylor sand activities.
2010 CAPITAL EXPENDITURE BUDGET
The Company today announced a preliminary capital expenditure budget for 2010 of $230 million, flat with the Company's revised 2009 budget. The Company anticipates drilling 46 gross (24 net) horizontal wells for the year, with approximately two-thirds of the budget being spent on its core…
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