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re: Goodrich Petroleum Announces Tuscaloosa Marine Shale Well Result
Posted on 8/7/14 at 8:05 am to FelicianaTigerfan
Posted on 8/7/14 at 8:05 am to FelicianaTigerfan
That 900 BOPD well is probably lower than they were looking for. The financial results were a miss and Goodrich stock will probably take a beating as a result. The wells operated by others seem to have higher IP rates, but we will have to see if the production holds up enough to prove they are economic. The Blades well has made 58,292 barrels in the first 80 days or so according to Sonris.
1
Posted on 8/7/14 at 8:24 am to TigerDog83
GDP stock is down probably 40% since May. They have been taking a beating. I agree the SLC coming in at 900 BOPD can be considered an underachievement but this well could be better than first impression since its choked way back and has 965 oi. When factoring in other results, the info sharing agreement between operators, improved drilling times, its a positive for the TMS development. IMO it will only get better. The Bakken and Eagle Ford weren't built in a year.
So far stocks are up for TMS developers
GDP +2.05%
ECA +.04%
HK = .12%
Seems this is being received as good news across the board
So far stocks are up for TMS developers
GDP +2.05%
ECA +.04%
HK = .12%
Seems this is being received as good news across the board
This post was edited on 8/7/14 at 9:37 am
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