Goodrich reports West Feliciana well production

Goodrich Petroleum Corp. reported Thursday that a West Feliciana Parish well had an initial production rate equivalent to roughly 900 barrels of oil per day.

The SLC Inc. 81H-1 well was drilled to a depth of about 14,000 feet, making it Goodrich’s deepest so far in the Tuscaloosa Marine Shale. The oil-rich formation stretches across Louisiana’s midsection and into Mississippi.

The West Feliciana well was one of four the company highlighted in its second-quarter results. Roughly 96 percent of the well’s production was oil.

Goodrich had previously announced the results for the Beech Grove 94H-1 in East Feliciana Parish. The well’s initial production rate was the equivalent of 740 barrels of oil per day. The well’s 30-day production rate was the equivalent of 600 barrels of oil per day. About 90 percent of the well’s production is oil.

Two Amite County, Mississippi, wells had much higher initial production rates, equivalent to about 1,500 barrels of oil per day and 1,300 barrels of oil per day.

Goodrich has more than 300,000 acres under lease in the Tuscaloosa Marine Shale. The company has said it plans to drill 32 wells in the formation this year.

Goodrich spent more than $70 million in the formation during the second quarter. The money went for drilling and completing wells and extending leases.

Goodrich said it expects to spend more than $325 million on drilling and related activities for the year, with the bulk of that in the Tuscaloosa Marine Shale.