Goodrich

Goodrich Pulling Back in Gassy Haynesville, Cutting Capex by 35%

Natural gas-heavy Goodrich Petroleum Corp., whose primary exploration is in the Haynesville Shale, is planning a $55-65 million capital budget for 2020, down 35% from the midpoint of this year’s spending.

December 23, 2019

Haynesville-Focused Goodrich Cutting 2020 Capex by One-Third

Natural gas-heavy Goodrich Petroleum Corp., whose primary exploration is in the Haynesville Shale, is planning a $55-65 million capital budget for 2020, down 35% from the midpoint of this year’s spending.

December 18, 2019
Goodrich’s Haynesville Natural Gas Output Climbs, Costs Fall

Goodrich’s Haynesville Natural Gas Output Climbs, Costs Fall

Weakened natural gas prices failed to deter Haynesville Shale-focused Goodrich Petroleum Corp. during the second quarter, as the independent more than doubled output while it sharply reduced operating expenses.

August 13, 2019

Goodrich Gets Gassier in Haynesville, Triples Production

Goodrich Petroleum Corp., which saw production more than triple in 4Q2018, said it plans to double production this year and focus on strategic acquisitions to add to its drilling inventory while running a single-rig program on gassy targets in the Haynesville Shale.

March 5, 2019
Goodrich Slashes 2019 Capex by $40M, Citing Commodity Prices

Goodrich Slashes 2019 Capex by $40M, Citing Commodity Prices

Goodrich Petroleum Corp., citing commodity prices, lowered its capital expenditures (capex) for 2019 by about $40 million, but said it expects to maintain its previous production guidance for the upcoming year because its wells are outperforming type curves.

December 26, 2018

Goodrich Continues Growing Gassy Production, Weighs Options for 2019

Natural gas production more than doubled for Goodrich Petroleum Corp. in the third quarter as the Houston-based company continued its focus on the Haynesville Shale and considers how fast it wants to grow in the upcoming year.

November 12, 2018

Goodrich Nearing Ramp of Two Haynesville Natural Gas Wells

Goodrich Petroleum Corp. said it plans to have a “robust” second half of 2018, ramping up production and continuing its focus on the Haynesville Shale, where it is less than one month away from bringing two natural gas wells online in northwestern Louisiana.

August 7, 2018

Goodrich Brings Two Haynesville Wells Online, with Third in June

Goodrich Petroleum Corp. has brought two operated wells in northwest Louisiana targeting the Haynesville Shale into production, and expects to begin fracturing operations at a third well in the Bethany-Longstreet Field in early June.

May 29, 2018

Goodrich Swaps Haynesville Acreage, Cuts NatGas Gathering Fees

Goodrich Petroleum Corp. said it has entered into separate agreements to sell a portion of its assets in the Tuscaloosa Marine Shale (TMS) in Louisiana for $3.3 million, as well as to swap acreage and reduce gathering fees in the core of the Haynesville Shale.

May 17, 2018

Goodrich to Devote Entire ’18 Capex on Gas-Rich Haynesville Shale Core

Goodrich Petroleum Corp. plans to spend between $65 million and $75 million on capital expenditures (capex) in 2018, all devoted to its holdings in the gassy core area of the Haynesville Shale in North Louisiana.

December 26, 2017
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