Goodrich Petroleum Corporation, an independent oil and natural gas company, engages in the exploration, development and production of oil and natural gas on properties primarily in South Texas; Northwest Louisiana and East Texas; and Southwest Mississippi and Southeast Louisiana. The company owns working interests in 436 producing oil and natural gas wells located in 44 fields in 8 states. As of December 31, 2013, the company had estimated proved reserves of approximately 452.2 Bcfe, comprised of 329.6 Bcf of natural gas, 6.3 MMBbls of NGLs and 14.1 MMBbls of oil and condensate. Eagle Ford Shale Trend As of December 31, 2013, the company acquired or farmed-in leases totaling approximately 45,100 gross (30,000 net) lease acres. During 2013, the company conducted drilling operations on 16 gross (11 net) oil wells in the Eagle Ford Shale Trend. Tuscaloosa Marine Shale As of December 31, 2013, the company acquired approximately 415,100 gross (306,400 net) lease acres in the Tuscaloosa Marine Shale Trend, an emerging oil shale play in Southwest Mississippi and Southeast Louisiana. During 2013, it conducted drilling operations on 9 gross (5 net) wells and added 7 gross (3 net) wells to production in the Tuscaloosa Marine Shale. Haynesville Shale Trend As of December 31, 2013, the company acquired or farmed-in leases totaling approximately 112,100 gross (66,800 net) acres in the Haynesville Shale. During 2013, it added 13 gross (6 net) previously cased Haynesville Shale wells to production, with the majority of those wells (12 gross, 5 net) originating in Northwest Louisiana in its joint venture with Chesapeake Energy Corporation. The company’s Haynesville Shale drilling activities are located in five primary leasehold areas in Northeast Texas and Northwest Louisiana. Cotton Valley Taylor Sand As of December 31, 2013, the company acquired or farmed-in leases totaling approximately 42,200 gross (37,400 net) acres in the Cotton Valley Taylor Sand Trend. During 2013, it conducted workovers and recompletions on the existing wells in the area and did not drill any new wells. Other As of December 31, 2013, the company maintained ownership interests in acreage and/or wells in various additional fields, including the Midway field in San Patricio County, Texas and the Garfield Unit in Kalkaska County, Michigan. Drilling Activities As of December 31, 2013, the company had 3 gross (2.6 net) exploration wells in progress of being drilled or completed. Customers The company’s customers include BP Energy Company and Genesis Crude Oil, LP. Business Strategy Key elements of the company’s business strategy include developing existing property base; increasing its oil production; and expanding acreage position in shale plays. Environmental and Occupational Health and Safety Matters The company is subject to the requirements of the federal Occupational Safety and Health Act, as amended and comparable state statutes that regulate the protection of the health and safety of workers. History Goodrich Petroleum Corporation was founded in 1995.
goodrich petroleum corp (GDP:New York)
Houston, TX 77002
|Approach Resources Inc||$6.98 USD||0.00|
|Gastar Exploration Inc||$2.52 USD||+0.05|
|LRR Energy LP||$6.97 USD||-0.03|
|PetroQuest Energy Inc||$3.76 USD||-0.11|
|VAALCO Energy Inc||$4.80 USD||-0.27|
|View Industry Companies|
Sponsored Financial Commentaries
To contact GOODRICH PETROLEUM CORP, please visit www.goodrichpetroleum.com. Company data is provided by Capital IQ. Please use this form to report any data issues.