Goodrich Petroleum Corp. has acquired Haynesville shale basin assets and updated its third- and fourth-quarter 2021 and preliminary 2022 guidance.
The company acquired eight wells producing about 2,000 Mcfed and about 5,800 gross (4,500 net) acres in the Haynesville Shale basin in Caddo and Bossier Parishes, La. from an undisclosed seller for $1.5 million and the obligation to drill eight wells over a 4-year period. The company now has about 32,000 net acres in the core of the play.
The company has updated its third-quarter production guidance to 15.2-16.1 bcfe, fourth-quarter production to 17.3-18.2 bcfe, and 2022 production to 76.7-87.6 bcfe.
The company expects a capex budget of $23-27 million in third-quarter 2021, $16-20 million in this year’s fourth quarter, and $105-125 million in 2022.