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
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