HOUSTON, May 29, 2018 /PRNewswire/ -- Goodrich Petroleum
Corporation (NYSE American: GDP) today announced results on two
operated Haynesville Shale wells in North
Louisiana and an update.
The Cason-Dickson 14-23 1H
(92% WI) well in Red River Parish, Louisiana, which has a
producing lateral length of approximately 8,000 feet and was
completed with 4,000 pounds of proppant per foot from 64 stages,
has achieved a 24-hour peak rate to date of approximately 31,000 Mcf per day.
The Cason-Dickson 14-23 2H
(86% WI) well in Red River Parish, Louisiana, which has a
producing lateral length of approximately 3,000 feet and was
completed with 5,000 pounds of proppant per foot over 33 stages,
has achieved a 24-hour peak rate to date of approximately 23,000 Mcf per day.
The Company has drilled and cased its' Wurtsbaugh 35 No.1
(72% WI) well in the Bethany-Longstreet field in DeSoto Parish,
Louisiana, with fracking
operations expected to commence in early June.
Total Company production is currently approximately 80,000 Mcfe
per day.
OTHER INFORMATION
Certain statements in this news release regarding future
expectations and plans for future activities may be regarded as
"forward looking statements" within the meaning of the Securities
Litigation Reform Act. They are subject to various risks,
such as financial market conditions, operating hazards, drilling
risks, and the inherent uncertainties in interpreting engineering
data relating to underground accumulations of oil and gas, as well
as other risks discussed in detail in the Company's Annual Report
on Form 10-K and other filings with the Securities and Exchange
Commission. Although the Company believes that the
expectations reflected in such forward-looking statements are
reasonable, it can give no assurance that such expectations will
prove to be correct. Initial production rates are subject to
decline over time and should not be regarded as reflective of
sustained production levels.
Goodrich Petroleum is an independent oil and gas exploration and
production company with the majority of its properties in
Louisiana, Texas and Mississippi. The Company currently trades
under the symbol GDP on the NYSE American Exchange.
View original
content:http://www.prnewswire.com/news-releases/goodrich-petroleum-announces-haynesville-shale-well-results-and-update-300655507.html
SOURCE Goodrich Petroleum Corporation