Haynesville Shale

Goodrich Petroleum Updates Haynesville Shale Operations For 2010

Goodrich Petroleum (GDP) issued an operational update on its properties in Louisiana and Texas that are prospective for the Haynesville Shale.

Goodrich Petroleum increased its total 2011 capital budget by $10 million, from $225 million to $235 million.  The company has allocated $52 million to develop the Haynesville Shale in two areas of its portfolio.

Angelina River Trend

During the fourth quarter of 2010, the company drilled 12 gross or 4 net wells into the Haynesville Shale. In the Angelina River Trend, located in Nacogdoches and Angelina Counties, Texas, Goodrich Petroleum is currently performing hydraulic fracturing operations on the Nelson 1H Haynesville Shale well.  The company expects results in the first quarter of 2011, and expects to drill one well here in the third quarter of 2011.

Northwest Louisiana

Goodrich Petroleum is most active in the core Haynesville Shale in Northwest Louisiana.  The company reported the completion of the Cason 14 H-1 well which has a 24 hour production rate of 14.9 million cubic feet equivalent per day on a .28125 inch choke.

Goodrich Petroleum Updates Haynesville Shale Activity In Shelby Trough

Goodrich Petroleum Corporation (GDP) issued an operations update on its development activities in the Haynesville Shale in Texas.  The company is developing acreage in the Shelby Trough in Texas, and has assembled 28,000 net acres in the play.  Most of this acreage is in the Angelina River Trend. 

Goodrich Petroleum Corporation reported the completion of the S.W. Henderson No. 1H well located in the Angelina River Trend in Angelina County, Texas.  The S.W. Henderson No. 1H well was drilled with a 4100 foot lateral and produced 21 million cubic feet per day of natural gas during a 24 hour period.

Goodrich Petroleum Corporation plans to start drilling the Nelson 1H well, the company’s second well into the Angelina River Trend, in November 2010.  The company will also complete the R. Dean No. 1H well, the company’s first well in the Joaquin area of the Shelby Trough in Texas.