Goodrich Petroleum Corp. (NYSE: GDP) provided results on its Wurtsbaugh 35 No. 1 (71% WI) well on Aug. 20, which came online in July and achieved a 24-hour peak rate of approximately 22,500 cubic feet per day (cf/p) and the Demmon 34 No. 1 (89% WI) well, which came online in August, and also achieved a 24-hour peak rate of approximately 22,500 Mcf per day.
Both wells are 4,600 foot laterals in the Bethany-Longstreet field in DeSoto Parish, Louisiana.
Upon completion of the Demmon well, company-wide production hit 90,000 cf/d and is projected to meaningfully increase again with the addition of the Harris 14&23H-1 (98.5% WI) well which is scheduled to commence fracking operations in the next 10 days.
Recommended Reading
LS Power Completes Acquisition of Algonquin Power’s Renewables Unit
2025-01-09 - With the transaction’s closure on Jan. 8, LS Power formed Clearlight Energy to manage the acquired renewable energy assets.
Allete Gets OK From FERC for $6.2B Sale to Canada Pension Plan, GIP
2024-12-20 - Allete Inc. announced its acquisition by the Canada Pension Plan Investment Board and Global Infrastructure Partners in May.
Proppant Suppliers Covia, Black Mountain Merge to Become Iron Oak Energy Solutions
2024-11-04 - Iron Oak Energy Solutions will supply proppant to E&P operations in basins across North America.
LandBridge Closes Deal for 46,000 Surface Acres in Delaware Basin
2024-12-20 - LandBridge Co., which held a successful IPO in August, added about 53,000 acres and now holds about 273,000 acres.
US Energy Corp. Closes Divestiture of East Texas Assets
2025-01-07 - U.S. Energy Corp. said proceeds from the divestiture will be used to fund the company’s industrial gas project in Montana.