- Goodrich Petroleum's (GDP -5.9%) Q3 earnings beat expectations, but its drilling operations in the Tuscaloosa Marine Shale continue to prove problematic.
- Overall Q3 production rose 16% Q/Q to 7.7B cfe; oil volumes rose 28% 374K barrels, while gas volumes gained 11% to 5.5B cf.
- GDP encountered completion delays with its latest Tuscaloosa Marine probe, the Huff 18-7H-1, and its CMR-Foster Creek 20-7H-1 well.
- Tuscaloosa Marine is a make or break prospect for GDP, which has announced plans to spend ~$300M there next year, four times the cash set aside for the play in 2013.
From other sites
at CNBC.com (Dec 12, 2014)
at CNBC.com (Dec 10, 2014)
at CNBC.com (Nov 28, 2014)
at CNBC.com (Sep 25, 2014)
at CNBC.com (Aug 7, 2014)
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