The Associated Press GILLSBURG, Miss. (AP) — An Australian company is drilling new wells in an oil formation that straddles southwest Mississippi and southeast Louisiana, the first new wells drilled in about three years, after a crash in oil prices dried up activity. Australis Oil & Gas Ltd. announced earlier this month that it had started drilling the first of
From The Advocate Despite hard times in Louisiana’s oil patch that have caused thousands of layoffs, the state’s energy industry continues to be a significant source of high-paying jobs for tens of thousands of people in almost every corner of the state, according to an economic study paid for by an industry trade association. Last year, oil and gas production in Louisiana
EnerCom Dallas will feature upside opportunities in oil and gas March 1-2, 2017 – at the Tower Club Downtown Dallas On March 1 at 7:00 a.m. CST, just one week away, the EnerCom Dallas oil and gas investment conference will open its doors, allowing institutional investors to kick the tires of about 40 publicly traded independent oil and gas companies
Goodrich focused on TMS, Haynesville, Eagle Ford Goodrich Petroleum Corporation’s (OTCQX: GDPP) common stock commenced trading today on the OTCQX market under the trading symbol GDPP. Goodrich President Robert C. Turnham said in a statement, “We are very pleased to have the opportunity to trade on OTCQX and see this as an important step towards increasing shareholder liquidity and investor
Goodrich Petroleum (ticker: GDP) is turning two of its six uncompleted Tuscaloosa Marine Shale (TMS) wells online and expects initial production within two weeks. The Houston-based exploration and production company will turn the remaining four wells online before its borrowing base redetermination in October. Three nearby completed wells, all operated by GDP, returned respective 24-hour rates of 1,370, 1,275 and
Goodrich Petroleum (ticker: GDP) is an independent oil and gas exploration and production company with operations in the Eagle Ford Shale, Haynesville Shale and Tuscaloosa Marine Shale (TMS). As of late, Goodrich has been a pioneer of an emerging oil play, the TMS, in Louisiana and Mississippi. Eight of GDP’s last 10 wells have returned peak 24-hour rates greater than
Goodrich Petroleum (ticker: GDP) is an independent oil and gas exploration and production company with operations in the Eagle Ford Shale, Haynesville Shale and Tuscaloosa Marine Shale (TMS). The TMS, located in Louisiana and Mississippi, is an emerging oil play that continues to draw industry attention. During 2014, Goodrich plans to spend 80% of its $300 million capital budget on
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