Goodrich Petroleum Completes 3rd Haynesville Shale Well in East Texas

Haynesville/Bossier Shale Play
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Goodrich Petroleum has announced results on four additional Haynesville Shale wells.

The Company has completed its third East Texas horizontal Haynesville Shale well, its Taylor Sealey No. 3H in Panola County, Texas. The well produced into sales at a 24 hour initial production rate of 9.3 MMcf per day on a 24/64 inch choke with 5,200 psi. The Company is operator and owns a 100% working interest in the well. The well is located in the Minden field, approximately six miles south of its recently announced Lutheran Church 5H well, which had an initial production rate of 9.0 MMcf per day. The Company has reached total depth on two additional horizontal Haynesville Shale wells in East Texas, its T. Swiley No. 4H in the Minden field and Beard Taylor No. 1H in the Beckville field.

The Company has also completed three additional Chesapeake Energy operated wells in the Bethany-Longstreet field in Caddo and DeSoto Parishes, Louisiana. The Johnson 32H-1 (31% WI) had a 24 hour initial production rate of 12.5 MMcf per day on an 18/64 inch choke with 7,800 psi. The Wallace 36H-1 (22% WI) had a 24 hour initial production rate of 15.4 MMcf per day on a 22/64 inch choke with 6,100 psi, and the Bryan 25H-1 (13% WI) had a 24 hour initial production rate of 14.0 MMcf per day on a 22/64 inch choke with 4,000 psi.


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