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.
Goodrich acreage (green), active TMS wells, base of TMS structure, and TMS units (black); Acreage Source: Goodrich Petroleum's website.

4 comments:

  1. You suggested in a previous post: "I recommend heading south towards the marine facies (calcite-rich Pilot Lime)." It looks like GDP and ECA are mostly doing the opposite. Is your feeling that their approach at this point is miscalculated? What do you think the determining factors of success are geologically (frac stages and lat lengths obviously help, operationally) for the Horseshoe Hill and the Wey 73H-1?

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  2. Lily,
    In that same post, I called their decision "wise". Learning how to drill and complete these wells in the shallower section where it's cheaper is the best initial approach in my opinion.

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  3. Lily,
    Determining factors for any location are total organic carbon (TOC), porosity, resistivity, thickness, and brittleness. I believe that higher pressure and the presence of gas will help also.

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  4. The representations of the gross land positions by Encana and Goodrich appear obsolete and apparently do not take into account all of the assignments on record.

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