Goodrich Petroleum Corporation (ticker: GDP) is an independent E&P headquartered in Houston, Texas with operations in Texas, Louisiana and Mississippi.

EnerCom Dallas 2018 Presenter: Goodrich Petroleum Corporation

GDP Properties, Nov. 2017

The company’s preliminary capital expenditure budget for 2018 stands at $65 to $75 million and will be directed towards the company’s core acreage in the Haynesville shale. Goodrich Petroleum plans to drill 16 gross horizontal wells in 2018, with an average lateral length reaching 9,000 feet. The budget was designed with GDP operating approximately 85% of its net wells throughout the year.

In 2018 GDP plans to increase production by approximately 130%-145% compared to 2017. The company expects to produce 28.3 – 30.3 billion cubic feet equivalent of gas in 2018, which equates to 77,000 – 83,000 thousand cubic feet equivalent per day. Natural gas is expected to account for 95% of total producing fluids.


In the company’s December 20, 2017 press release, the Franks 25&24 No. 1 well was currently being fracked along its 10,000-foot lateral segment in Bethany-Longstreet field of DeSoto Parish, LA.  GDP said its plan was to zipper frac its Wurtsbaugh 25&24 No. 1 & 2 after the Franks Well is completed. Both of the Wurtbaugh wells have approximately 7,500-foot laterals. All three wells were slated to be brought online in January 2018.

The Carson-Dickson 14&23 No. 1 & 2 wells are currently being drilled in Red River Parish, LA. Both of the wells are designed to have 10,000-foot laterals and are slated to be fraced in February 2018.

EnerCom Dallas 2018 Presenter: Goodrich Petroleum Corporation

Source: GDP

EnerCom Dallas conference presenter

Goodrich Petroleum Corporation will be presenting at the EnerCom Dallas investment conference, Feb. 21-22 at the Tower Club in downtown Dallas. Institutional investors, portfolio managers, financial analysts, CIOs and other investment community professionals who invest in the energy space should register now.

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