Robert Turnham, president and chief operating officer of Goodrich Petroleum Corporation (ticker: GDP) spoke with EnerCom’s Angie Austin at The Oil & Gas Conference® 2018 in Denver. Turnham has served as the Goodrich’s chief operating officer since 1995 and became president and COO in 2003. He has held executive positions in the oil and natural gas business for more than
Goodrich Petroleum Corporation (NYSE: GDP) Company Overview Goodrich Petroleum Corporation is an independent E&P company engaged primarily in the Haynesville Shale in North Louisiana and East Texas, the oil window of the Eagle Ford Shale trend in South Texas and the Tuscaloosa Marine Shale (“TMS”) in Eastern Louisiana and Southwestern Mississippi. Goodrich is currently focusing on the Haynesville through 2019.
All CapEx in 2018 and 2019 focused on Haynesville Goodrich Petroleum Corporation (ticker: GDP) had a net loss of $5.3 million in the first quarter of 2018, or $(0.47) per share. Capital expenditures totaled $21 million in the quarter, of which $20.6 million was spent on D&C and $0.4 million on other expenditures, Goodrich said. All of Q1’s total capital
Goodrich Petroleum Company Breakout Notes Gil Goodrich, chairman and CEO of Goodrich Petroleum Corp., (ticker: GDP) presented today at EnerCom’s The Oil & Gas Conference® 22. Goodrich Petroleum Corp.’s core producing acreage is found in the Haynesville shale, where it is utilizing higher proppant concentrations and longer laterals to grow its production. The company also has assets in the Tuscaloosa
Goodrich Petroleum Corporation (OTCQX: GDPP) today announced preliminary results on two Haynesville Shale wells in North Louisiana. The Company has participated in two Haynesville Shale wells in Caddo Parish, Louisiana that have reached a combined 24-hour peak rate to date of approximately 72,000 Mcf per day. The Company owns a 17.4% working interest in each of the wells which came
Goodrich Petroleum announces $40 million capex plan targeting the Haynesville for 2017 Houston-based Goodrich Petroleum Corp. (ticker: GDPP) announced that the company’s board of directors has approved a preliminary capital expenditure budget for next year. The company plans to spend $40 million in 2017, Goodrich said in a press release Tuesday. The company said it plans to drill 12-16 gross
Acreage Value Increase of 441% Since Initial Purchase in 2010 Goodrich Petroleum (ticker: GDP) sold its proved reserves and approximately 13,000 net acres in the Eagle Ford Shale for $118 million to an undisclosed buyer, the company said in a July 27 news release. The assets are located in LaSalle and Frio Counties of Texas and include Q1’15 production of
Goodrich Petroleum (ticker: GDP) is turning two of its six uncompleted Tuscaloosa Marine Shale (TMS) wells online and expects initial production within two weeks. The Houston-based exploration and production company will turn the remaining four wells online before its borrowing base redetermination in October. Three nearby completed wells, all operated by GDP, returned respective 24-hour rates of 1,370, 1,275 and
