This is a Z4 quick update. For a recent longer basic piece please click here.
Since our last update for Seeking Alpha Goodrich reported solid 1Q20 results.
Key Points from the Quarter:
- Their natural gas differential pre hedge was only 6 cents below Henry Hub again highlighting their geographic positioning to what amounts to an over supply of midstream infrastructure.
- Cash costs were in line with expectations. LOE (excluding workovers) of $0.23 per Mcfe were in the middle of the annual guidance range of $0.20 to $0.25. Transportation of $0.39 per Mcfe was within