Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : GOODRICH PETROLEUM(gdp NYSE) -- Ignore unavailable to you. Want to Upgrade?

To: richard badauskas who wrote (24)	11/19/1997 8:57:00 PM
From: William JH	Read Replies (1) \| Respond to of 39

Exxon publishes a magazine for shareholders, "The Lamp." Just finished reading an article in it about how they are revitalizing old oil fields with new technology, 3D, electronic logging, hydraulic fracturing, horizontal drilling, etc. The story spoke specifically about Texas and the Gulf of Mexico, where they more than replaced production with new reserves for the last three years. They say that production in one area has doubled since 1994. (King Ranch). I'm posting this because GDP's fields were mostly discovered in the 1940's thru early 60's, similar to the ones in this story. My spirits regarding Goodrich have been sagging with the oil and gas price declines. I feel a little better since reading this story. Hope the King's Ridge discovery is a big one.