Wednesday, August 6, 2014

The Prime Location Of Goodrich Petroleum Acreage


Summary

  • Goodrich has prime acreage close to the Gulf Coast.
  • Recent well results from TMS provide a mixed picture.
  • The recent stock declines make the stock very intriguing now.
A growing theme in the markets is likely to develop surrounding the building demand for energy supplies around the Gulf Coast. Companies with production and infrastructure in and around the area should benefit greatly. In that manner, Goodrich Petroleum Corp (NYSE:GDP) is ideally situated following the recent developments in the Tuscaloosa Marine Shale, or TMS, and the holding of prime acres in the Haynesville Shale and Eagle Ford Shale. All of these shale plays have the major benefit of being located close to the refineries, chemical plants, and export facilities located or being built around the Texas and Louisiana coasts.

Read the full article at Seeking Alpha.


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