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home / news releases / GDP - Goodrich Petroleum: Excellent Returns From Haynesville Shale Wells At Current Gas Prices

GDP - Goodrich Petroleum: Excellent Returns From Haynesville Shale Wells At Current Gas Prices

Goodrich Petroleum Corporation
  • Natural gas strip for the remainder of the calendar year has moved up to around $3.10.
  • That is a gas price that may result in an IRR of over 200% for some of Goodrich's Haynesville Shale wells.
  • Higher oil prices are required before the Tuscaloosa Marine Shale becomes viable for new development again.
  • Goodrich's focus is likely to remain exclusively on the Haynesville Shale for the foreseeable future.

For further details see:

Goodrich Petroleum: Excellent Returns From Haynesville Shale Wells At Current Gas Prices
Stock Information
Company Name: Goodrich Petroleum Corporation
Stock Symbol: GDP
Market: NYSE
Website: goodrichpetroleum.com
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