Project Profile
Value: Undisclosed
Location: Louisiana state, USA
Area: 300,000 net acres Production: 1,270 barrels of oil equivalent per day (peak average production rate)
Reserves: about 7 billion barrels of oil
Start-up Year: -
Goodrich Petroleum Corp drilled its second successful well in the Tuscaloosa Marine shale prospect in Louisiana. Goodrich achieved a peak average production rate of 1,270 barrels of oil equivalent per day, comprising 1,250 barrels of oil and 115 million cubic feet of gas. Goodrich drilled the well on acreage it acquired from Devon Energy Corp last July. The company is drilling three more wells in the field. The Tuscaloosa Marine field holds about 7 billion barrels of oil, according to estimates by the Louisiana Department of Natural Resources. Goodrich has more than 300,000 net acres in the field and is currently running three rigs, with plans to ramp up to five by the end of the year.
In 2016 Halcon Resources handed over all of its assets in the Tuscaloosa Marine Shale (TMS) tight oil play to its financier Apollo Global Management after determining that it owed Apollo more than the assets were worth.
Operators:
Goodrich Petroleum Corp
Apollo Global Management
Comstock Resources Inc
Sanchez Energy Corp.