UPDATE 1-Goodrich Petroluem increases Haynesville acreage
(Recasts, adds details, CEO comments)
July 16 (Reuters) - Independent oil and gas explorer Goodrich Petroleum Corp (GDP.N) said it increased its net Haynesville acreage position in East Texas and closed a previously announced joint venture in Louisiana.
Goodrich currently estimates about 38,500 net acres for the Haynesville Shale in the Minden and Beckville field areas in Panola and Rusk Counties, Texas.
The company also said it drilled and logged two additional vertical Haynesville Shale wells on its 100 percent-owned acreage in the Minden field of Rusk and Panola Counties, Texas.
The company said its recently added net acreage increases its total net exposure in the Haynesville Shale play in Northwest Louisiana and East Texas, excluding the acreage in the Angelina River Trend, to about 60,500 net acres.
Goodrich said it closed its previously announced joint venture to develop the Haynesville Shale in Northwest Louisiana with Chesapeake Energy Corp (CHK.N) in Caddo and DeSoto Parishes, Louisiana.
The company sold about 10,200 net acres for about $173 million.
Shares of Goodrich Petroleum, which have risen over a 100 percent in the last year, closed at $69.51 Tuesday on the New York Stock Exchange. (Reporting by Ajay Kamalakaran; Editing by Jarshad Kakkrakandy) ((ajay.kamalakaran@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging:ajay.kamalakaran.thomsonreuters.com@reuters.net))
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