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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