Replies to This Discussion

Permalink Reply by Skip Peel - Mineral Consultant on July 5, 2014 at 11:02

I think that is the first instance I've seen of drilling status listed as Circulating.  I don't look at each well in the weekly rig report only those in plays that I am tracking.  It could be a common status.  I don't think it is necessarily bad and I suspect that it is associated with preparing the wellbore for installing the final casing string which is the last operation conducted by the rig before it moves on to the next well.  I think that is a reasonable assumption considering the number of days.

When operating companies promote an emerging play one of the key metrics of well cost is days to drill.  Many tout their ability to reduce drilling time and GDP has stressed their improving days from spud to TD on multiple occasions.  The problem with that is that the wells with the shortest drill time may not be a representative average for all wells being drilled at any given time.

All public energy companies publish quarterly reports.  Dates are being announced now by some for their second quarter operations.  I expect that Goodrich will announce theirs soon.  Halcon for example will make their report July 30.  When Goodrich makes their report I feel sure they will provide an update on the Bates 25-24H.

Permalink Reply by Cl gold on July 5, 2014 at 12:09

Thanks for the quick response and opinion, appreciate it. Hopefully it is just normal delays on this rig and it is still a successful well.

Permalink Reply by tc on July 5, 2014 at 15:08

Also in emerging plays, sometimes the operator does "science" work during the drilling that can also increase drilling time on a well.  I don't know if this happened with this well.

Permalink Reply by Skip Peel - Mineral Consultant on July 5, 2014 at 15:18

Good point, tc.  Considering the location of the Bates 25-24H #1 I wouldn't be surprised if GDP drilled a Pilot Hole.

Permalink Reply by Barnburner16 on July 22, 2014 at 9:26

Anyone have any updates/news from the ground regarding this well?   

Permalink Reply by Richard Dickerson on July 30, 2014 at 6:13

The rig has moved off leaving a tubing head spool or something similar on top of the wellhead. Does this mean Goodrich is waiting on frac crews and equipment to complete the well or is something else in the wells work plan?

Permalink Reply by Skip Peel - Mineral Consultant on July 30, 2014 at 6:16

Got a photo, Richard?  Yes, the well is now WOC.  The TMS operators seem to have had some difficulty competing with more mature plays for pressure pumping services.

Permalink Reply by Barnburner16 on July 30, 2014 at 8:34

Thanks for the update Richard!

Permalink Reply by Barnburner16 on August 13, 2014 at 4:12

Richard,

Do you know if the Bates has been frac'ed yet?

Thanks!

Permalink Reply by Richard Dickerson on October 1, 2014 at 10:06

I heard that the Bates well has been completed and is producing. Does anyone know when it started producing and how much it is making?

Permalink Reply by Skip Peel - Mineral Consultant on October 1, 2014 at 10:12

1,000 BOE/D (938 BOD/373 MCF/D) 17/64 CHOKE, 4850' LAT, 19 STAGES

Goodrich Petroleum Announces Tuscaloosa Marine Shale ("TMS") Operational Update

HOUSTON, Sept. 29, 2014 /PRNewswire/ -- Goodrich Petroleum Corporation (NYSE: GDP) today announced a Tuscaloosa Marine Shale ("TMS") operational update.   The Company's Bates 25-24H-1 (98% WI) well in Amite County, Mississippi, which was completed with an approximate 4,850 foot lateral and was fracked with 19 stages, achieved a peak 24-hour average production rate of 1,000 barrels of oil equivalent ("BOE") per day, comprised of 938 barrels of oil and 373 Mcf of gas on a 17/64 inch choke.  The Company's CMR/Foster Creek 31-22H-1 (90% WI) well in Wilkinson County, Mississippi, which was completed with an approximate 6,700 foot lateral and was fracked with 24 stages, is in the early stage of flowback, with a current peak 24-hour average production rate to date of approximately 1,140 barrels of oil equivalent ("BOE") per day, comprised of 1,070 barrels of oil and 420 Mcf of gas on a 13/64 inch choke.  The Company will provide an update on the well on its third quarter earnings press release.        The Company is currently conducting completion operations on its CMR/Foster Creek 24-13H-1 (97% WI) well in Wilkinson County, Mississippi, which has an approximate 6,600 foot lateral with 24 frac stages and should begin flowback within a week.  The Company has also drilled and is in completion phase on its Spears 31-6H-1 (77% WI) well in Amite County, Mississippi, which has an approximate 7,600 foot lateral, and its Verberne 5H-1 (66% WI) well in Tangipahoa Parish, Louisiana, which has an approximate 6,800 foot lateral and reached total depth within 29 days.   The Company currently has three rigs running in the play and is conducting drilling operations on its Williams 46H-1 (61% WI) well in Tangipahoa Parish, Louisiana, its CMR/Foster Creek 8H-1 and 8H-2 (79% WI) wells in Wilkinson County, Mississippi, and expects to commence operations soon on its T. Lewis 7-38H-1 (estimated 90.5% WI) well in Amite County, Mississippi.   The Company has in excess of 300,000 net acres in the play. A copy of the latest corporate presentation is available on the Company's website at www.goodrichpetroleum.com.

Permalink Reply by Richard Dickerson on October 1, 2014 at 10:27

This is a good well, especially considering the lateral was only 4850' and there were only 19 frac stages. Usually the lateral length is in the 6000' to 8000' range with around 25 or more frac stages. I thought they drilled this lateral much longer than the quoted 4850'. Does anyone know why they completed only 4850' with 19 stages? When did the well first come onto production?

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