HOUSTON, Aug. 20, 2018 /PRNewswire/ -- Goodrich
Petroleum Corporation (NYSE American: GDP) today announced
completion results on its Wurtsbaugh 35 No. 1 (71%
WI) well which came online in July and achieved a
24-hour peak rate of approximately 22,500 Mcf per day and
the Demmon 34 No. 1 (89% WI) well,
which came online in August, and also
achieved a 24-hour peak rate of approximately 22,500 Mcf per day.
Both wells are 4,600 foot laterals in the Bethany-Longstreet field in DeSoto Parish, Louisiana.
Upon completion of the Demmon well, Company-wide
production hit 90,000 Mcfe per day and is projected to meaningfully
increase again with the addition
of the Harris 14&23H-1 (98.5% WI)
well which is scheduled to commence fracking operations in
the next 10 days.
OTHER INFORMATION
Certain statements in this news release regarding future
expectations and plans for future activities may be regarded as
"forward looking statements" within the meaning of the Securities
Litigation Reform Act. They are subject to various risks,
such as financial market conditions, changes in commodities prices
and costs of drilling and completion, operating hazards, drilling
risks, and the inherent uncertainties in interpreting engineering
data relating to underground accumulations of oil and gas, as well
as other risks discussed in detail in the Company's Annual Report
on Form 10-K for the year ended December 31,
2017 and other subsequent filings with the Securities and
Exchange Commission. Although the Company believes that the
expectations reflected in such forward looking statements are
reasonable, it can give no assurance that such expectations will
prove to be correct.
Goodrich Petroleum is an independent oil and natural gas
exploration and production company listed on the NYSE American
under the symbol "GDP".
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SOURCE Goodrich Petroleum Corporation