Current GDP Stock Info

Early today Goodrich Petroleum Corporation (ticker: GDP) announce a preliminary capital expenditure budget for 2018 of $65 to $75 million.

100% of the coming year’s budget will be allocated to the company’s core acreage in the Haynesville Shale in the Bethany-Longstreet and Thorn Lake areas of Caddo, DeSoto, and Red River Parishes, LA. 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...

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