Goodrich Allowed Lease in Etoile to Expire

Goodrich let my mineral lease in Etoile, expire last year. Prior to the downplay, they had leased 7 acres in addition to my regular lease, to put in a well. Do you think another company might be Interested?

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Permalink Reply by Chris on March 10, 2015 at 8:15

Short answer: Right now, probably not.

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Permalink Reply by hogeyes on March 25, 2015 at 7:02

I believe Goodrich is struggling financially. Stock plummeted 3-5 months ago. They have us HBP. We have 2 wells in DeSoto Parish. 1 of the wells has had issues and hasn't produced in 6 months now. They told us they have no plans to get it going again until prices rise. Tough market I guess.

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As exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More

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