The bulk of the company’s acreage is found in north Louisiana
Goodrich Petroleum snaps up more acreage
The gas-focused operator is rapidly growing both its portfolio and production base in the Haynesville shale
The size of Houston-based independent Goodrich Petroleum’s deals may not rival some of the other M&A activity that has dominated recent headlines in the Haynesville shale play. But the firm’s laser focus on expanding its acreage as the key to driving a production boom is an instructive guide to corporate logic in the basin. Goodrich added another 4,500 net acres to its core Haynesville portfolio in early September at a cost of $1.5mn. The deal included eight producing wells in Caddo and Bossier counties, taking it to 32,000 net acres in the basin. “We continue to seek and review bolt-on opportunities to expand our footprint through acquisitions” Turnham, Goodrich “We remain focu
Also in this section
24 January 2025
Domestic companies in Nigeria and other African jurisdictions are buying assets from existing majors they view as more likely to deliver production upside under their stewardship
23 January 2025
The end of transit, though widely anticipated, leaves Europe paying a third more for gas than a year ago and greatly exposed to supply shocks
23 January 2025
The country’s government and E&P companies are leaving no stone unturned in their quest to increase domestic crude output as BP–ONGC tie-up leads the way
22 January 2025
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised
