Natural gas wells in East Texas continue to show promising initial production (IP) rates, Goodrich Petroleum Corp. said Tuesday.

Goodrich, which is drilling in Panola and Rusk counties, said the Billy Harris No. 1H, a horizontal well in a portion of the Haynesville Shale, produced into sales at a 24-hour peak production rate of 12.2 MMcf/d on a 24/64-inch choke with 6,000 pounds per square inch (psi) of pressure. The well, which Goodrich owns and operates, was drilled and completed with a 5,000-foot lateral and 20 hydraulic fracturing stages, said the producer.

A fourth horizontal well also was completed in Goodrich’s Cotton Valley/Taylor Sand holdings. The GT Waldrop 5H, which the company also owns and operates, is in “early stages of flow back,” and to date has a 24-hour peak production rate of 4.1 MMcf/d, said Goodrich.

The Houston-based independent late last year said it would spend most of its 2010 capital in the Haynesville Shale; in the Louisiana portion of the play it is partnering with Chesapeake Energy Corp. (see Daily GPI, Dec. 4, 2009). Goodrich last year agreed to buy 12,000 more net acres in Nacogdoches and Angelina counties in East Texas, which gives it about 50,000 net acres in that portion of the play. The first well in the Angelina River Trend is expected to ramp up by summer.

Goodrich last spring completed its second operated well in East Texas, the Lutheran Church 5HR, which had an IP rate of 9 MMcf/d on a 26/64-inch choke with 4,375 psi (see Daily GPI, June 5, 2009). The well, which was completed with 3,100 feet of lateral length and 10 fracture stages, is in Panola County.

©Copyright 2010Intelligence Press Inc. All rights reserved. The preceding news reportmay not be republished or redistributed, in whole or in part, in anyform, without prior written consent of Intelligence Press, Inc.