HOUSTON, Aug. 20, 2018 /PRNewswire/ — Goodrich Petroleum Corporation (NYSE American: GDP) today announced completion results on its Wurtsbaugh 35 No. 1 (71% WI) well which came online in July and achieved a 24-hour peak rate of approximately 22,500 Mcf per day and the Demmon 34 No. 1 (89% WI) well, which came online in August, and also achieved a 24-hour peak rate of approximately 22,500 Mcf per day. Both wells are 4,600 foot laterals in the Bethany–Longstreet field in DeSoto Parish, Louisiana.
Upon completion of the Demmon well, Company-wide production hit 90,000 Mcfe per day and is projected to meaningfully increase again with the addition of the Harris 14&23H-1 (98.5% WI) well which is scheduled to commence fracking operations in the next 10 days.