This excerpt is from a report that is available to subscribers of Stratas Advisors’ North America and North American Shale services.

In 2013 and 2014, Goodrich Petroleum (NYSE: GDP) was an emerging small cap exploration company making a name for itself in the Tuscaloosa Marine Shale (TMS) along the borders of Louisiana and Mississippi. The company held one of the largest positions in the play (307,000 net acres) and was seeing successful well results throughout the years.

Goodrich also held acreage positions in the Eagle Ford and Haynesville, but the majority of its capex was directed toward the TMS.

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