Goodrich Touts Tuscaloosa Marine Success Despite Soft Shale Worries
by Gene Lockard
|
Rigzone Staff | Wednesday, October 23, 2013 | 4:47 AM EST
As for the cost of acreage in the Tuscaloosa Marine, it is substantially higher than what Goodrich paid for when it bought Devon’s land, but it is substantially lower than acreage in established formations like the Eagle Ford formation, where acreage can be north of $20,000 per acre.
Turnham put the current market rate for acreage in the Tuscaloosa Marine Shale at close to $3,000 per acre, with the potential to go higher someday.
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