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
Also in this section
19 December 2024
Deepwater Development Conference welcomes Shell’s deepwater development manager to advisory board for March 2025 event
19 December 2024
The government must take the opportunity to harness the sector’s immense potential to support the long-term development of the UK’s low-carbon sector
18 December 2024
The energy transition will not succeed without a reliable baseload, but the world risks a shortfall unless more money goes into gas
18 December 2024
The December/January issue of Petroleum Economist is out now!