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Goodrich spending up to $100MM in Haynesville this year

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Goodrich Petroleum Corp. announced 2019 capital expenditures in the $90-100 million range, a reduction of nearly $40 million from its 2018 capex. However, thanks to the outperformance of its Haynesville wells relative to its type curves, the company said this capex reduction will not impact its previously announced 2019 production guidance, which it maintained at 49.3-52.9 Bcfe, or an average 135-145 MMcfe/d. That’s an increase of 90-105% over 2018 levels. About 98% of Goodrich’s......
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