[Editor's note: This introduction to the Operator Spotlight article first appeared in the November issue of E&P Plus. To view the full issue, click here. To subscribe to the digital publication, visit here.]
While the oil and gas industry might be hard-pressed to find many bright spots in 2020, the recovery of natural gas prices, and subsequently the role of gas producers, can be one of them. Among those that are riding the natural gas wave is Goodrich Petroleum. Goodrich, primarily focused on the Haynesville Shale, produces 138,000 Mcfe/d largely from its approximate 24,000 net Haynesville acres. Historically low service costs and stable Henry Hub price points are allowing Goodrich to set its goals on top-tier growth and the potential for free cash flow in 2021.
Goodrich President and COO Robert Turnham recently provided an exclusive interview with E&P Plus where he discussed in more detail the company’s plans for the remainder of the year and into 2021. He also touched on the company’s well completion strategy and how to position itself amid volatile times in the oil and gas industry.
Click below to read the full Q&A interview
in the November issue of E&P Plus.
Gulfport Energy retained Eagle River Energy Advisors for the sale of certain ORRI and nonoperated working interest assets and associated lands in the Williston Basin of North Dakota in Dunn, McKenzie, McLean and Mountrail counties.
EnergyNet was retained for the sale of a Paradox Basin opportunity in San Juan County, Utah, through a sealed-bid offering that includes three separate drilling opportunities.
Here’s a snapshot of recent energy deals including the acquisition of a “unique opportunity” in the Permian Basin by Lime Rock Resources in a $508.3 million deal plus Whiting Petroleum’s exit from the D-J Basin.