Goodrich Petroleum Corporation is an independent oil and gas company involved in exploration, exploitation, development and production of oil and properties of natural gas primarily this trend Cotton Valley East Texas and Northwest Louisiana. As of 31 December 2008 of the year, company-owned workers' interests in 414 active oil and gas wells, located in thirty fields in six states. As of 31 December 2008 of the year, Goodrich has estimated proven reserves of about 390.4 billion. cubic feet (CBC) natural gas and 1,9 million barrels (MMBbls) oil and condensate, or aggregate 402.3 billion cubic feet (Bcfe). IN 2008 the company completed drilled 126 gross wells. In June 2008 of the year, Goodrich and Chesapeake Energy Corporation announced, that they entered into a joint venture to develop Haynesville Goodrich's Shale areas in Bethany Long Street and the Longwood area of Caddo de Soto and parishes, Louisiana. 28 May 2008 of the year the Company acquired additional interests in the Cotton Valley trend.
Cotton Valley Trends and Haynesville Shale
As of 31 December 2008 of the year, nearly all of the Company's proven oil and gas reserves are in the East Texas and Northwest Louisiana Cotton Valley trend. As of 31 December 2008 of the year, the company has acquired or grown for lease for a total of about 203300 gross (127200 net) acres and is constantly trying to acquire additional space in the area. Company management area was 150900 gross acres (with an average duration of the worker, interests of about 91%) and unoperated area was 52400 gross acres (with an average duration of the worker, interests of about 37%). As of 31 December 2008, was drilled and completed 126 Cotton Valley Trends Wells, including 19 Haynesville Shale Wells With Success Rate, Exceeding 98%. The Valley Trends Cotton Company and Haynesville Shale drilling activities are leased in six major areas of East Texas and Northwest Louisiana.
Other properties
As of 31 December 2007 of the year, the company supported interests in the ownership of the space and / or wells in several additional fields. These include the Midway areas, located in San Patricio County, Texas area of Mott Slough, located in Wharton County, Texas, and the Garfield group, located in Kalkaska County, Michigan.
