The company has completed approximately 90 gross, 33 net wells in the Haynesville shale. The play has approximately 235 gross, 96 net potential drilling locations in the NW Louisiana Core area. In order to increase recovery from the Haynesville, Goodrich has instituted new completions designs. The new design involved using 3,000-5,000 lbs. of proppant per foot, versus the prior design which utilized approximately 1000 lbs. of proppant per foot.
In addition to enhanced completions, the utilization of longer laterals is being used to generate additional value in the Haynesville. According to Walter Goodrich, Chairman and CEO of Goodrich Petroleum, in the Q1, 2017 earnings call the company has begun “participation in two non-operated 10,000 ft. high proppant wells which have exceeded expectations,” for the Haynesville.
The company has created a budget of $40 to $50 million for the development of the Haynesville Shale, which includes drilling nine to 12 gross Haynesville wells and four to five net Haynseville wells.
Read more: https://www.oilandgas360.com/goodrich-petroleum-corporation-growing...
Tags:
Keith, that should be "proppant" not "propane". All Haynesville completion designs are now slick water with massive increases in proppant (sand) loads.
Shale drilling and lithium extraction are seemingly distinct activities, but there is a growing connection between the two as the world moves towards cleaner energy solutions. While shale drilling primarily targets…
ContinuePosted by Keith Mauck (Site Publisher) on November 20, 2024 at 12:40
400 members
150 members
358 members
166 members
9 members
120 members
97 members
34 members
386 members
27 members
© 2025 Created by Keith Mauck (Site Publisher).
Powered by
h2 | h2 | h2 |
---|---|---|
AboutAs 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 |
Links |
Copyright © 2017 GoHaynesvilleShale.com