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5-25-2018

The Haynesville remains Goodrich Petroleum Corp.’s (AMEX: GDP) top priority as the Houston-based E&P leans toward smaller deals to go longer in the shale play.

During its first-quarter earnings on May 15, Goodrich revealed it agreed to an acreage swap in northern Louisiana set to boost its inventory of long-laterals in the Haynesville. The company also disclosed a small noncore divestiture of its Tuscaloosa Marine Shale (TMS) assets.

A sale of Goodrich’s Eagle Ford position might also be on the horizon, but in the meantime, the company will continue to focus on smaller deals to bolster its Haynesville operations, said Rob Turnham, Goodrich’s president and COO.

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