Goodrich Petroleum Corp. has participated in two Haynesville Shale wells in Caddo Parish, LA, that have reached a combined 24-hour peak rate to date of 72,000 Mcf/d. The company owns a 17.4% working interest in each of the wells, which came online in the middle of December. As previously announced, Goodrich has established a preliminary capital expenditure budget for 2017 of $40 million, which will be concentrated in the core of the Haynesville Shale in North Louisiana. The budget contemplates 12-16 gross (three to four net) wells for the year, with plans to commence drilling operations on the Wurtsbaugh 26-14-16 1 Alt well by early February. Goodrich said it has entered into a natural gas hedge through a costless collar of $3.00-3.60 for 12,000 Mcf/d for calendar year 2017.
A subcontractor was killed last week at an Antero Resources Corp. well site in Tyler County, WV. Hunter D. Osborn, 19, of West Virginia, died from his injuries at a local hospital after he was hit by a truck and reportedly pinned between it and equipment at the site, according to the Tyler County Sheriff's Department. Osborn worked as an equipment operator for Houston-based U.S. Well Services. The company told local news media it was saddened by the event and said an investigation is ongoing, adding that it couldn't provide further details. The incident occurred early Thursday at Antero's Hartley East pad. The Occupational Safety and Health Administration is also investigating.