Replies to This Discussion

Permalink Reply by Doug Cox on January 10, 2015 at 17:26

Skip, I have some interest in this one, any recent news?

Permalink Reply by Skip Peel - Mineral Consultant on January 10, 2015 at 17:31

No, Doug.  I think the well is still Waiting On Completion. 

Permalink Reply by Skip Peel - Mineral Consultant on August 11, 2015 at 2:37

I expect that is correct.  If so and there are no problems and the well results are positive we may see some mention by GDP in their Aug.19 corporate presentation.

Permalink Reply by Doug Cox on August 26, 2015 at 3:02

Skip, TMS news Friday Report 08/21/15 said  Twenty stages fracked. The well is flowing back.Early reports are that It's a good one. do you have any information on the results?

Permalink Reply by Skip Peel - Mineral Consultant on August 26, 2015 at 3:09

Way too early for anything but unsubstantiated rumors at this point, Doug.  There will be an initial production test for state reporting purposes that will provide some early data.  However the wells with long laterals normally have a prolonged flowback period  before they "clean up" sufficiently to reach peak daily production.  If it's a really good well I don't think GDP will wait for the state test results to be posted.  They will issue a press release or include the data in a corporate presentation so they can get the maximum publicity spin.

Permalink Reply by Recordman on September 22, 2015 at 4:01

Form 3 for the T Lewis 7-38H #1 well has been added to the MSOGB site. Tested on 8/27/15 on a size 13 choke this well produced 767.2 barrels of oil. First production was reported on 8/15. Hope Skip is correct about the longer laterals taking a while to "clean up" to reach peak production.

Permalink Reply by Skip Peel - Mineral Consultant on September 22, 2015 at 4:08

You might want to listen to the webcast from the 8/17 GDP presentation to see if the T Lewis was mentioned.

http://goodrichpetroleum.investorroom.com/index.php?s=19&item=30

Permalink Reply by Doug Cox on May 2, 2016 at 11:15

Skip, do you think we will see any payments from Goodrich Petroleum? Look's like they have pumped over 50,000 barrels as of 2/01/16..T lewis 7-38H #1

Permalink Reply by Skip Peel - Mineral Consultant on May 2, 2016 at 11:26

If they are over 90 days behind on royalty payment, the chances are not good.  When a company puts a premium on keeping leases in force they usually keep up with payments.  It's up to the bankruptcy court to decide ultimately.

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