Houston-based Goodrich Petroleum Corp. (NYSE: GDP) announced that its Huff 18-7H-1 (97% WI) well in Amite County, Miss. was successfully fracture-stimulated with 17 stages and had commenced flowback at expected fluid rates when the well became plugged up with frac-related debris at a frac plug approximately 500 feet into the lateral, which will need to be cleaned out prior to resuming flowback. Therefore, completion results are expected to be released after the first of the year as soon as flowback has resumed and peak rate achieved.
The company is near total depth on its Weyerhaeuser 51-1H-1 (67% WI) well in St. Helena Parish, La., which is expected to be completed in January, and is currently running intermediate casing in preparation of drilling the lateral on its CMR 8-5H-1 (100% WI) well in Amite County, Miss.
The company has in excess of 300,000 net acres in the play with two rigs currently running. A third rig is set to commence drilling operations in the first quarter of 2014, and the company anticipates up to five rigs running by year-end 2014 pending continued drilling results.
Recommended Reading
Improving Gas Macro Heightens M&A Interest in Haynesville, Midcon
2025-03-24 - Buyer interest for Haynesville gas inventory is strong, according to Jefferies and Stephens M&A experts. But with little running room left in the Haynesville, buyers are searching other gassy basins.
Permian to Drive Output Growth as Other Basins Flatten, Decline–EIA
2025-01-14 - Lower 48 oil production from outside the Permian Basin—namely, the Bakken and Eagle Ford shales—is expected to flatten and decline in coming years, per new EIA forecasts.
More Uinta, Green River Gas Needed as Western US Demand Grows
2025-01-22 - Natural gas demand in the western U.S. market is rising, risking supply shortages later this decade. Experts say gas from the Uinta and Green River basins will make up some of the shortfall.
Chord Drills First 4-Mile Bakken Well, Eyes Non-Op Marcellus Sale
2025-02-28 - Chord Energy drilled and completed its first 4-mile Bakken well and plans to drill more this year. Chord is also considering a sale of non-op Marcellus interests in northeast Pennsylvania.
In Inventory-Scarce Permian, Could Vitol’s VTX Fetch $3B?
2025-03-28 - With recent Permian bids eclipsing $6 million per location, Vitol could be exploring a $3 billion sale of its shale business VTX Energy Partners, analysts say.