Meridian's Goodrich-Cocke No. 2 Well Adds to Daily Production Rates

The Goodrich-Cocke No. 2 well was drilled by Parker Drilling's inland barge, PD-17B, to a depth of 8,098 feet and encountered approximately 100 gross feet of oil pay (87 net feet) in the F sand at a depth of 7,902 feet. The well has been completed and tested at a gross daily flow rate of 1,099 barrels of oil per day (BOPD) plus 394 thousand cubic feet of gas per day (Mcf/d) on a 27/64th inch choke with a flowing tubing pressure (FTP) of 981 pounds per square inch (psi). Meridian is the operator and holds a 72 percent working interest. This well, located on the Floyd Prospect at Weeks Island Field in Louisiana, is Meridian's eighth drilling success of the 13 wells evaluated so far in 2001, with eight additional wells currently in various stages of drilling, completion, or evaluation, including the Avoca 47-2 and Thibodaux 25-2 wells in the North Turtle Bayou area.