Goodrich Petroleum (GDP) made the following comments on the Tuscaloosa Marine Shale during a conference call held on August 9, 2012.
“In the Tuscaloosa Marine Shale, we significantly expanded our footprint and acreage position in the thick, high-resistivity portion of the play during the second quarter. We exited the first quarter with approximately 102,000 net acres. We updated that position on May 23 to reflect the addition of 18,000 net acres, and we subsequently added another 12,000 net acres, during the second quarter, to bring our total net position to 132,000 net acres.”
“In the Tuscaloosa Marine Shale trend, we are drilling our first operated well, the Denkmann 33 H-1, and participating for a non-operated interest in the Joe Jackson 4H-2 well, both of which are expected to be completed within 30 days.”
“We will move our operated rig and set the Crosby 12H-1 well in Wilkinson County after the Denkmann well is completed. We had filed permits on two additional operated wells, the Huff and Smith wells, which are to be spud later this year, with more to follow. We will be participating in at least two additional non-operated wells, the Ash 31 H-1 and 31 H-2 wells, for a 20% interest in each, one of which we expect to spud in the third quarter.”
Proximity to Encana’s Anderson Wells
“I don't have the county breakdown in that particular region, breakdown. We probably have 55,000, 60,000 acres in Mississippi or in the northern portion of the play. And I would say an Amite County is probably equal to or greater than Wilkinson County. So I think it's a good portion of our Mississippi acreage is, at least, in that general area, but, I'm sorry, I don't have the breakout in that particular, specific area.”