Goodrich Completes 2 Horizontal Wells, Sees Combined Flow of 21.5 MMcf/d

Goodrich Petroleum Corp.

Goodrich has announced well results in the Haynesville Shale and Angelina River Trend.

HAYNESVILLE SHALE

The Company has completed its initial horizontal Haynesville Shale well, the Chesapeake Energy Corporation-operated Holland 17H-1, which tested at a rate of approximately 14.5 MMcf per day on a 24/64 inch choke with 6,000 psi. The well, which was drilled to 16,200 feet, had a horizontal displacement of approximately 4,400 feet (3,800 feet cased), and is located in the Company's Bethany-Longstreet area in Caddo Parish, Louisiana.

Goodrich owns a 50% working interest in the well, Chesapeake owns 40% and Plains Exploration & Production Company owns 10%.

ANGELINA RIVER TREND

The Company has completed its Estes 2H (100% WI), a James Lime horizontal well on its Cotton South prospect area, which tested at 7.0 MMcf per day on a 35/64 inch choke with 1,500 psi.
 


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