|Goodrich acreage (green), active TMS wells, base of TMS structure, and TMS units (black); Acreage Source: Goodrich Petroleum's website.|
Thursday, July 19, 2012
Goodrich Petroleum's TMS Acreage
The map below presents a rough depiction of Goodrich's acreage position as provided in their online corporate presentation. Goodrich took a different approach from Encana, Devon, and EOG and scattered their blocks. This might provide a "risk hedge" as the shale's rock properties will vary across the play. According to their website, the company's position now totals 132,000 acres. Their position is heavily weighted towards the updip oil window.