Goodrich Petroleum is booking the third-highest returns on capital employed among all Lower 48 producers—and that includes those in the Permian. It’s making 2.8 Bcf a lateral foot, hedged at $2.60 an Mcf that nets it a more than 100% rate of return. Here’s how it’s doing it.
Speaker:
Rob Turnham, President, Goodrich Petroleum Corp.
Recommended Reading
Baker Hughes: US Drillers Keep Oil, NatGas Rigs Unchanged for Second Week
2024-12-20 - U.S. energy firms this week kept the number of oil and natural gas rigs unchanged for the second week in a row.
US Drillers Add Oil, Gas Rigs for First Time in 8 Weeks
2024-12-06 - The oil and gas rig count rose by seven to 589 in the week to Dec. 6, its highest since mid-September.
US Drillers Cut Oil, Gas Rigs for First Time in Six Weeks
2025-01-10 - The oil and gas rig count fell by five to 584 in the week to Jan. 10, the lowest since November.
Norway's Massive Johan Sverdrup Oilfield Shut by Power Outage
2024-11-18 - Norway's Equinor has halted output from its Johan Sverdrup oilfield, western Europe's largest, due to an onshore power outage, the company said on Nov. 18.
Wildcatting is Back: The New Lower 48 Oil Plays
2024-12-15 - Operators wanting to grow oil inventory organically are finding promising potential as modern drilling and completion costs have dropped while adding inventory via M&A is increasingly costly.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.