Goodrich Petroleum Corporation (GDP) reported the completion of a Haynesville Shale well. The Billy Harris No. 1H was completed with a 24 hour peak production rate of 12.2 million cubic feet per day of natural gas. The horizontal well was drilled with a 5,000-foot lateral and 20 fracturing stages.
Goodrich Petroleum Corporation has a 100% working interest in this Haynesville Shale well. The company has 85,000 acres under net lease that are prospective for the Haynesville Shale.
The Beckville Field is located in Panola and Rusk Counties in Texas. The company has 97 Bcfe of proved reserves here as of the end of 2008, all of which is located in the Cotton Valley formation. Goodrich Petroleum Corporation believes that it has 147 net well locations in the Haynesville Shale in the Beckville Field.
Electro: Great video on farcing! EOG/Whitney is using my land to access water from Toledo Bend Lake--just south of the Jolly Roger in extreme SW Sabine Parish. They say they will pump over a 2-3 week period. I hope this is only the initial stage and they will sign a longer-term access contract. I have 36 acres so would have room for additional materials or storage facilities.
Pipeliner, this was a different approach utilized by Goodrich in the Northeast Texas portion of the play as a way to enhance the well economics. This is likely to be limited to that area only.
Watch for longer laterals and more frac stages! This is a trend developing within industry circles. Some companies are modelling 30 stages. More than likely, you'll see lateral lengths going longer but at some point, you go too long and then they'll start shortening up the laterals. There is some "trial and error" involved here in trying to maximize the economics of the play. In south texas in that shale play, folks are looking at longer laterals and more frac stages. In Oklahoma Woodford shale, a couple of years ago Newfield went from 2000' wells to 3000' wells to 4000' wells to 6000' wells and then started backing down to 5000-5500'. Just trying to push the technology envelope. Just heard of a company drilling over 7000' lateral with over 30 stages. Big rates. It will be a few years before the science is "perfected". Also be a few years before we get a good read on EUR impacts. Lots of forecasts but no one has long term production data to back them up!
GM, just to clarify that lateral lengths over 4620' only apply to Texas since Louisiana units are ~ 1 mile in length and width. Even in Texas it is very difficult to structure units in a manner to allow any ultra-long laterals. Oklahoma allows stand-up 1280 acre units (2 miles by 1 mile) in the Woodford Shale that can have very long laterals.