re: Tuscaloosa Marine Shale oil well sets record (for TMS) - 1540

quote:

---

HOUSTON, April 14, 2014 /PRNewswire/ -- Goodrich Petroleum Corporation (GDP) today announced the completion of its Blades 33H-1 (66.7% WI) well in Tangipahoa Parish, Louisiana. The well has achieved a peak 24-hour average production rate to date of 1,270 barrels of oil equivalent ("BOE") per day, comprised of 1,250 barrels of oil and 115 Mcf of gas on a 14/64 inch choke from an approximate 5,000 foot lateral. The well landed in the Company's lower target, was drilled and completed under budget and was fracked with 20 stages using composite plugs that were drilled out prior to flow back. The Company's completion methodology was slightly modified from previously completed wells. The well was drilled on a portion of the 185,000 net acres acquired in August 2013 and is approximately 48 miles southeast from the Company operated Crosby 12H-1 well in Wilkinson County, Mississippi and five miles east of a horizontal well previously drilled on the acquired acreage.

---

GDP touting a favorable result from their point of view for this well. Rumor has it that the drilling on the Lewis and Nunnery wells in Amite county is going well. I am glad to see this result.