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ALT - Goodrich Petroleum Highlights - March 07, 2019

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Goodrich Petroleum updated its economics for Haynesville horizontal wells. Well costs increased by $200,000 to $10.5 million for 4,600- ft laterals, by $700,000 to $10.9 million for 7,500-ft laterals and by $700,000 to $13.1 million for 10,000-ft laterals. EURs remain the same at 11.5 Bcf, 18.75 Bcf and 25.0 Bcf, respectively, but IRRs at $3.00/Mcfe rose to 61% (up 7.3%), 88.9% (up 28.8%) and 105.6% (up 29.7%), respectively. Recently, Goodrich completed two Haynesville wells in the Thorn Lake area of Red River Parish, Louisiana. The Cason-Dickson 14&23 No. 3 (99%......
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