Goodrich Petroleum operational update

Goodrich Petroleum Corporation today announced the completion of its Denkmann 33-28H-2 (75% WI) well in Amite County, Mississippi. The well, which was drilled with an approximate 6000 ft lateral and was fracked with 22 stages, has achieved a peak 24-hour average production rate to date of approximately 1250 boepd, comprised of 1200 bbls of oil and 300 000 ft³ of gas on a 16/64 in. choke.  

The Company has also commenced flowback on its Bates 25-24H-1 (98% WI) well in Amite County, Mississippi, an approximate 5000 ft lateral with 19 frac stages, and is currently fracking its CMR/Foster Creek 31-22H-1 (90% WI) well in Wilkinson County, Mississippi, which has an approximate 6700 ft lateral with 24 planned frac stages. The company has also drilled and is in completion phase on its CMR/Foster Creek 24-13H-1 (97% WI) well in Wilkinson County, Mississippi, which has an approximate 6600 ft lateral, and its Spears 31-6H-1 (77% WI) well in Amite County, Mississippi, which has an approximate 7600 ft lateral. 

The Company currently has three rigs running in the play and is conducting drilling operations on its Verberne 5H-1 (66% WI) and Williams 46H-1 (61% WI) wells offsetting its Blades 33H-1 (67% WI) well in Tangipahoa Parish, Louisiana, and its CMR/Foster Creek 8H-1 (79% WI) well in Wilkinson County, Mississippi, which is planned for a two well pad offsetting the company's Crosby 12H-1 (50% WI) well. 

The Company has in excess of 300 000 net acres in the play.

Adapted from a press release by David Bizley

Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/03092014/goodrich-petroleum-operational-update/