Goodrich Petroleum snaps up more acreage

The gas-focused operator is rapidly growing both its portfolio and production base in the Haynesville shale

The size of Houston-based independent Goodrich Petroleum’s deals may not rival some of the other M&A activity that has dominated recent headlines in the Haynesville shale play. But the firm’s laser focus on expanding its acreage as the key to driving a production boom is an instructive guide to corporate logic in the basin.  Goodrich added another 4,500 net acres to its core Haynesville portfolio in early September at a cost of $1.5mn. The deal included eight producing wells in Caddo and Bossier counties, taking it to 32,000 net acres in the basin. “We continue to seek and review bolt-on opportunities to expand our footprint through acquisitions” Turnham, Goodrich “We remain focu