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Goodrich Expects Eagle Ford, Haynesville Operation Growth

by Kenneth E. DuBose on August 6, 2010

Goodrich provides an update on operations in the Eagle Ford and Haynesville Shale:

In the Shelby Trough of the Haynesville Shale, The Company has drilled and logged its SW Henderson 1H (100% WI) well in Angelina County, Texas. The Company has also drilled and logged its R Dean 1H (80% WI) well in Shelby County, Texas.

The Company has entered into agreements to acquire approximately 50,000 gross (35,000 net) acres in the oil window of the Eagle Ford Shale play in LaSalle and Frio Counties, Texas. Currently, the Company estimates its acreage position in the play at approximately 37,500 net acres. The Company has drilled or participated in the drilling of the Goodrich Petroleum Company – Pan Am B 1H,  and the Blackbrush Oil & Gas – Pals Ranch 9H (50% WI) targeting the Buda Lime formation, which sits directly below the Eagle Ford Shale. By year-end, the Company expects to have conducted drilling operations on approximately four gross wells targeting the Eagle Ford Shale and three gross wells targeting the Buda Lime formation.

Press Release: Goodrich Petroleum Provides Updates on Operations

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