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Goodrich acquires acreage in Tuscaloosa Play


Published Jun 14, 2011
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Goodrich Petroleum Corporation announces increased activity, recent results and future plans in the Bethany-Longstreet Field-Spotlight

Goodrich has purchased leases totaling approximately 74,000 net acres in the Tuscaloosa Marine Shale oil trend in Louisiana and Mississippi.

The Company paid approximately $13 million, or an average of $175 per net acre for the acreage.

The Company anticipates development to commence in the first quarter of 2012.

Tags: Goodrich Petroleum Corporation



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