Houston-based Goodrich Petroleum Corporation (NYSE:GDP) has announced it closed the sale of certain non-core properties in the South Henderson field in East Texas to Memorial Resource Development LLC on September 28, 2012. The total consideration paid by MRD for the assets prior to closing adjustments was approximately $95 million, with an effective date of July 1, 2012. At year-end 2011, the company had booked 39 billion cubic feet equivalent of proved reserves for the assets.
Recommended Reading
At Last, AI Brings Good News for Gas Producers
2024-06-21 - Is artificial intelligence humanity’s power-hungry new friend?
TGS Gaining Ground on Subsurface Insights in the Permian
2024-06-19 - TGS released the Dynamic Matching FWI volume for the West Kermit 3D seismic survey, which spans 1,054 sq km across the Delaware Basin in Loving and Winkler counties, Texas.
AI & Generative AI Now Standard in Oil & Gas Solutions
2024-07-25 - From predictive maintenance to production optimization, AI is ushering in a new era for oil and gas.
TGS Completes Largest US East Coast Wind, Metocean Survey
2024-07-25 - TGS said the data for this project was collected from July 2022 through July 2024 and covered 600 km from Massachusetts to the Virginia-North Carolina border.
STRYDE Provides Seismic Survey Solutions Globally
2024-07-25 - Companies across various sectors look to use STRYDE’s conventional and in-field processing services for 2D and 3D seismic surveys.