Goodrich’s Latest TMS Well In Line With Play’s ‘Best’

Goodrich’s Latest TMS Well In Line With Play’s ‘Best’

Goodrich Petroleum Corp. Tuesday turned in results for its latest Tuscaloosa Marine Shale (TMS) well, and they show improvement from some other wells recently drilled in the play.

September 2, 2014

Goodrich Hunting for Nature’s Fracks in the TMS

Goodrich Petroleum Corp. and its peers have had some recent disappointments in the emerging Tuscaloosa Marine Shale (TMS) of Louisiana and Mississippi. Goodrich shares are off about 35% since mid-June, but CEO Gil Goodrich remains a TMS believer and said the industry’s understanding of the play is advancing rapidly, if a bit unevenly.

August 8, 2014

Latest Goodrich TMS Well Weaker Than Last

Goodrich Petroleum Corp.’s latest Tuscaloosa Marine Shale (TMS) well results, announced Wednesday, were a bit of a disappointment after a string of successes in the emerging play.

June 19, 2014

Goodrich Profiting from TMS Lessons Learned

Less than two months after Goodrich Petroleum Corp. said it encountered a problem during hydraulic fracturing (fracking) operations at a well in the Tuscaloosa Marine Shale (TMS) in Mississippi, the company on Thursday reported that the well reached a peak rate from a shortened lateral of 530 Boe/d, composed of 501 bbl of oil and 174 Mcf of gas.

February 21, 2014

Dallas Operator Targeting Naturally-Fractured Buda Limestone

Dallas-based Gulf Coast Western LLC has secured 3,500 acres in Wilson County, TX, where it intends to target the “revitalized” Buda Limestone Formation with 10 horizontal wells initially. The naturally fractured Buda is just below the Eagle Ford Shale and is seen as a lower-cost oil opportunity than the Eagle Ford.

January 9, 2014

Industry Brief

Arroyo Midstream Partners LLC, a unit ofCanyon Midstream Partners LLC, andGoodrich Petroleum Co. LLChave struck an agreement for acreage in Louisiana and Mississippi that is prospective for the Tuscaloosa Marine Shale (TMS). Arroyo is currently providing Goodrich with wellhead gas processing services at two recently completed wells in southwestern Mississippi and expects to add gas processing facilities to process gas volumes from an additional two wells by the end of 2013. Goodrich recently said it is stepping up its activity in the TMS (seeShale Daily,Aug. 8). The wellhead processing approach allows Canyon, through Arroyo, to participate in the delineation phase of exploration and production projects and share formation risk with its partner. Arroyo is a joint venture of Canyon andGas Processors Inc.”The partnership of Canyon and GPI is a unique combination of engineering, operational and local expertise to provide producers with the midstream services required for the development of acreage in the TMS,” said Canyon President Michael Walsh.

September 9, 2013

Encana-Operated TMS Well Comes In Lower than Others

Goodrich Petroleum Corp. announced the completion of an Encana Corp.-operated well in the Tuscaloosa Marine Shale (TMS) in which it holds a minority interest. Initial production was lower than other recent wells in the play but still apparently economic and boding good things to come from the TMS, one analyst said Tuesday.

August 28, 2013

Sanchez Dipping Into Tuscaloosa Marine Shale

One day after Tuscaloosa Marine Shale (TMS) pioneer Goodrich Petroleum Corp. said it would redirect capital from the Eagle Ford Shale to the emerging play, Eagle Ford-focused Sanchez Energy Corp. Thursday announced deals worth $78 million that give it entry into the TMS.

August 9, 2013

Goodrich Taking from Eagle Ford, Giving to TMS

Now that it has seen some encouraging well results, Goodrich Petroleum Inc. is stepping up activity in the Tuscaloosa Marine Shale (TMS) of Louisiana and Mississippi, where the company is about to close on an acquisition that will more than double its footprint in the emerging play.

August 8, 2013

Memorial Production Strikes Multi-Play Deal

Houston-based Memorial Production Partners LP (MEMP) has agreed to acquire oil and gas properties in the Permian Basin, East Texas and the Rockies from its sponsor, Memorial Resource Development LLC, and affiliates of Natural Gas Partners for $606 million. The deal is MEMP’s largest acquisition to date and gets the partnership’s foot in the door in the Permian and Rockies.

July 16, 2013