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Gold/Mining/Energy : Shale Natural Gas, Oil and NGLs and ESA -- Ignore unavailable to you. Want to Upgrade?

To: jrhana who wrote (972)	7/18/2009 11:29:03 AM
From: jrhana	Respond to of 6160

I am not a geologist but those numbers sound pretty extraordinary to me also. NO wonder they call it a "treasure".

To: jrhana who wrote (972)	7/18/2009 11:33:51 AM
From: jrhana	Read Replies (1) \| Respond to of 6160

But for me this one takes the cake Forest hits Haynesville gusher upstreamonline.com By Upstream staff US independent Forest Oil said its Driver 13-1H horizontal Haynesville Shale well in Red River Parish, Louisiana was producing 20.3 million cubic feet of equivalent per day with 6500 psi flowing casing pressure into the sales line. The well was drilled and completed with a 3500-foot horizontal leg and a ten-stage frac. Forest, which owns a 100% working interest in the well, paid about $9 million in drilling costs. “We intend to allocate a horizontal development rig to Red River Parish for the foreseeable future to exploit our acreage position,” Forest boss H Craig Clark said in a release. “Our second rig will work both Texas and Louisiana properties in the future.” “Forest intends to continue its current horizontal drilling effort in the Haynesville Shale and the Texas Panhandle Granite Wash areas in order to refine its drilling and completion techniques,” Clark said. “When costs and commodity prices improve to more attractive levels, Forest intends to deploy a rig count commensurate with its size and scale focused in these areas.”

To: jrhana who wrote (972)	9/18/2009 3:22:22 PM
From: jrhana	Respond to of 6160

Goodrich Petroleum Announces Operational Update reuters.com Fri Sep 18, 2009 8:00am EDT HOUSTON, Sept. 18 /PRNewswire-FirstCall/ -- Goodrich Petroleum Corporation (NYSE: GDP) today announced an operational update on its Haynesville Shale drilling activities in North Louisiana and East Texas. LOUISIANA BETHANY-LONGSTREET FIELD, CADDO AND DESOTO PARISHES, LOUISIANA The Company has completed two additional Chesapeake Energy operated wells in the Bethany-Longstreet field in Caddo and DeSoto Parishes, Louisiana. The Johnson 10H-1 (50% WI) had a 24 hour initial production rate of 17.0 MMcf per day on a 22/64 inch choke with 7,500 psi, and the Dixie 31H-1 (19% WI) had a 24 hour initial production rate of 14.4 MMcf per day on a 22/64 inch choke with 6,600 psi. The Company is currently completing two additional Chesapeake operated wells, the Hunsicker 13H-1 (50% WI) and Caddo Parish 30H-1 (25% WI), along with one operated well, the Plants 26H-1 (36% WI). GREENWOOD-WASKOM FIELD, CADDO PARISH, LOUISIANA The Company has completed its initial operated well in the Greenwood-Waskom field in Caddo Parish, Louisiana. The Trosper 2H-1 (77.5% WI) had a 24 hour initial production rate of 11.7 MMcf per day on a 22/64 inch choke with 5,800 psi. LONGWOOD FIELD, CADDO PARISH, LOUISIANA The Company has completed the Chesapeake Energy - Bohnert 25H-1 (50% WI) in the Longwood field in northern Caddo Parish, Louisiana, with a 24 hour initial production rate of 7.5 MMcf per day on a 16/64 inch choke with 5,300 psi. BECKVILLE AND MINDEN FIELDS, PANOLA AND RUSK COUNTIES, TEXAS The Company has completed two additional wells in its Beckville/Minden fields in Panola and Rusk Counties, Texas. The Swiley 4H (100% WI), located in the northwest corner of its approximate 39,500 acre block, had a 24 hour initial production rate of 7.0 MMcf per day on a 20/64 inch choke with 5,300 psi. The Company has also completed its Beard-Taylor 1H (100% WI) at a 24 hour initial production rate of 6.5 MMcf per day on a 21/64 inch choke with 5,100 psi. DRILLING ACTIVITY The Company currently has five rigs running, with one operated and three non-operated rigs currently working in Bethany-Longstreet, and one operated rig running at Beckville. Upon completion of the Beckville well, the rig will move to Greenwood-Waskom, and the Company expects to drill in North Louisiana for the remainder of the year. OTHER INFORMATION Certain statements in this news release regarding future expectations and plans for future activities may be regarded as "forward looking statements" within the meaning of the Securities Litigation Reform Act. They are subject to various risks, such as financial market conditions, operating hazards, drilling risks, and the inherent uncertainties in interpreting engineering data relating to underground accumulations of oil and gas, as well as other risks discussed in detail in the Company's Annual Report on Form 10-K and other filings with the Securities and Exchange Commission. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Initial production rates are subject to decline over time and should not be regarded as reflective of sustained production levels. Goodrich Petroleum is an independent oil and gas exploration and production company listed on the New York Stock Exchange. The majority of its properties are in Louisiana and Texas. SOURCE Goodrich Petroleum Corporation Robert C. Turnham, President, or David R. Looney, Chief Financial Officer, both of Goodrich Petroleum Corporation, +1-713-780-9494, fax, +1-713-780-9254 © Thomson Reuters 2009 All rights reserved