Haynesville Archives - Page 4 of 5

Goodrich Petroleum Plans to Invest Funds in Additional Haynesville Drilling, Zipper Fracs

March 13, 2018

Goodrich Petroleum Corporation (ticker: GDP) has updated and accelerated its preliminary capital expenditure budget for 2018, following the recent $23 million asset sale. For 2018, the company’s board of directors approved a $20 million increase to $85-$95 million to accelerate development in its core Haynesville Shale acreage position. The company anticipates drilling 21 gross (8.7 net) horizontal wells for the

Goodrich Petroleum Closes Sale, Reports Q4

March 1, 2018

In its Q4/year-end release, Goodrich Petroleum Corporation (ticker: GDP) said it has recently closed on the sale of certain production, facilities, infrastructure and a portion of its acreage in the Angelina River Trend to BP America Production Company. Goodrich said it will use a portion of the proceeds from the sale to pay off its revolver, with plans to accelerate

Comstock Resources’ Haynesville Shale Drilling Program Expands 2017 Gas Production by 90%

February 26, 2018

Haynesville producer Comstock Resources, Inc. (ticker: CRK) produced 22 Bcf of natural gas and 214,000 barrels, or 23.5 Bcfe in the fourth quarter of 2017. Natural gas production averaged 241 MMcf/d, reflecting growth of 90% from pro forma natural gas production in the fourth quarter of 2016 (excluding the divestitures completed in 2016). According to Comstock, the growth in natural

EnerCom Dallas 2018 Presenter: Goodrich Petroleum Corporation

January 23, 2018

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

Tellurian Will Add 3 Louisiana Pipelines, Nets $95 Million from Stock Offering

December 19, 2017

Goal is to debottleneck the existing pipeline infrastructure in Southwest Louisiana: TELL Tellurian Inc. (ticker: TELL) expects to develop and expand its pipeline network by adding two pipelines to the previously announced Driftwood Pipeline (DWPL). The two additional pipelines will expand supply alternatives for the growing natural gas demand in Southwest Louisiana. Projected in-service dates are mid-2021 for the DWPL

Goodrich Petroleum Continues to Drill Horizontal Wells in the Haynesville Shale Formation

November 10, 2017

On November 8, 2017 Goodrich Petroleum Corporation (ticker: GDP) announced its financial results for third quarter of 2017 and provided an operational update. According to the companies press release, adjusted EBITDA on a pro forma basis increased to $8.8 million in the quarter and discretionary cash flow (“DCF”), defined as net cash provided by operating activities before changes in working capital, was $8.3 million in

Tailwater Capital Announces $300 Million Haynesville/Cotton Valley Midstream Deal

September 12, 2017

Tailwater Capital-backed Align Midstream, LLC has entered into a definitive agreement to sell the company to Oklahoma City-based Enable Midstream Partners, LP (NYSE: ENBL) for approximately $300 million. Dallas-based Align is focused on producers in East Texas and North Louisiana. Align operates a 100-million cubic feet per day cryogenic natural gas processing plant in Panola, Texas, and approximately 190 miles of natural gas gathering pipelines across Rusk, Panola and Shelby counties

QEP Resources Has 5 Rigs Drilling the Permian, 1 in the Williston, 1 in the Pinedale Anticline

June 21, 2017

‘Tank’ completions in the Spraberry, Wolfcamp; and 20-24 re-fracs in the Haynesville QEP Resources (ticker: QEP) holds acreage across the Williston basin, Pinedale Anticline, Uinta basin, Permian basin, and Haynesville shale. QEP’s acreage produces oil, NGLs, and dry gas—totaling in 13,090.3 MBOE cumulative production in Q1, 2017. For 2017, QEP estimates that it will produce a cumulative of 57 to

Black Stone Minerals: Creating Success by Gathering Up the Right Properties

June 20, 2017

Black Stone Minerals (ticker: BSM) holds approximately 18 million mineral and royalty acres across 60 producing basins and 40 states, all for the purpose of leasing attractive acreage positions to E&P companies. Black Stone Minerals maintains an attractive business model in that it lacks operating expenses and drilling capital costs. The company expects that its positions in the Haynesville/Bossier play

Goodrich Petroleum Corporation: Growing Core Haynesville with High Proppant Completions

June 13, 2017

With assets in the Haynesville Shale—in Texas and Louisiana, Tuscaloosa Marine Shale, and Eagle Ford Shale, Goodrich Petroleum (ticker: GDP) has established a strong portfolio in shale-specific plays. Core Haynesville Goodrich’s Haynesville Shale makes up the core of its operations, with a total of approximately 47,000 net acres between the Texas Haynesville shale and the Northwest Louisiana Haynesville/Bossier Shale Angelina

Penn Virginia names Director - Oil & Gas 360

Energy for a Lifetime: USGS Quadruples NatGas Estimate from 70 Tcf to 304 Tcf for Bossier and Haynesville Plays

April 17, 2017

Two formations hold 4 billion barrels of oil, 2 billion barrels of NGLs: USGS On April 13th, the U.S. Geological Survey ( USGS ) released what it calls “the largest continuous natural gas assessment it has yet conducted” – a new resource update for two southern U.S. gas plays: The Bossier and Haynesville formations of the onshore and State waters portion of the U.S. Gulf

Goodrich Petroleum Announces Haynesville Shale Well Results And Operational Update

January 17, 2017

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

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