Goodrich going ALL IN in the TMS. Math equates to just under $150/acre.

Goodrich Petroleum Corporation Announces Agreement To Purchase Producing Properties And Approximately 185,000 Net Acres In The Tuscaloosa Marine Shale Trend For $26.7 Million; Company Also Announces Initial Completion Result Of Its Smith 5-29H No. 1 Well At 1,045 Barrels Of Oil Equivalent Per Day (96% Oil)

Jay

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They announced the IP for the Smith at 1045 boepd but I have heard (a rumor only) that they had a problem milling the plugs and still have a lot of the plugs to drill and will be going back in with a snubbing unit shortly to complete the job. If this is true, they are producing from less than the full +5000 ft. lateral,which means potentially they would have had a much better IP than 1045.

Any one else hear this?

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Tuscaloosa Trend Sits On Top Of Poorest Neighbourhood For Decades - Yet No Royalties Ever Paid To The Community -- Why??

In researching the decades-old Tuscaloosa Trend and the immense wealth it has generated for many, I find it deeply troubling that this resource-rich formation runs directly beneath one of the poorest communities in North Baton Rouge—near Southern University, Louisiana—yet neither the university ( that I am aware of)  nor local residents appear to have received any compensation for the minerals extracted from their land.

This area has suffered immense environmental degradation…

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Posted by Char on May 29, 2025 at 14:42

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