Goodrich Petroleum (GDP) Announces Capital Expenditure Budget, 2018 Guidance
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Goodrich Petroleum Announces Capital Expenditure Budget And 2018 Guidance
December 20, 2017 6:00 AM ESTHOUSTON, Dec. 20, 2017 /PRNewswire/ --Â Goodrich Petroleum Corporation (NYSE American: GDP) today announced a preliminary capital expenditure budget for 2018 of $65 - 75 million, with 100% of the budget allocated to its core Haynesville Shale acreage position in the Bethany-Longstreet and Thorn Lake areas of Caddo, DeSoto and Red River Parishes, Louisiana. The Company anticipates drilling 16 gross (6.5 net) horizontal wells for the year, with a blended net average lateral length of approximately 9,000 feet. The budget currently contemplates that the Company would operate approximately 85% of its net wells for the year. The preliminary capital... More
