Goodrich Petroleum

From WikiCover

Goodrich Petroleum is an independent exploration and production company listed on the New York Stock Exchange. The majority of its oil and gas properties are in Louisiana and Texas.

On August 2, 2007, Goodrich Petroleum announced it has completed its initial James Lime horizontal well on its Cotton Prospect in the Angelina River Trend of Nacogdoches and Angelina Counties, Texas. The Middlebrook 1-H well tested at the rate of 6,900 Mcf per day on a 36/64 inch choke with 1350 psi. The well was completed last week and during the flowback period produced to sales an average 4,500 Mcf per day. The well is currently producing 5,000 Mcf per day on a smaller choke size. This is the first horizontal well drilled on the company's leasehold in the Trend. Goodrich Petroleum owns a non-operated 40% working interest in the well and a blended average 50% working interest in its acreage block of 69,500 gross acres.

Website: http://www.goodrichpetroleum.com/