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 hogeyes on
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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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