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ALT - Goodrich Petroleum Highlights - May 14, 2020
Goodrich Petroleum spudded 12 wells (33% WI) during Q1 and brought five wells online (36% WI), with four reaching sales at the end of March. The company exited the quarter with 10 DUCs, which it will complete when the pricing environment improves. Goodrich spent $18.4 million during the quarter, and full-year 2020 capex was reaffirmed at $40-50 million. Q1 production of 137 MMcfe/d was up 32% YOY, but down 6%......
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