Goodrich Petroleum Corp. plans to ramp up natural gas production in the resurgent Haynesville Shale this year, citing strong commodity pricing and high productivity from recently completed wells in northwestern Louisiana.

Haynesville prices

“The core of the Haynesville continues to offer low development and lifting costs, top-tier cash margins and returns on invested capital, as well as the ability for us to both grow and deliver free cash flow at current commodity prices,” CEO Gil Goodrich said Thursday during an earnings call to discuss first quarter results. 

He added that “numerous new well additions late in the first quarter and subsequent to the end of the quarter have us very well-positioned to deliver strong results in the second quarter.”

The company expects production to...