Though Goodrich Petroleum is bullish on the potential of the emerging Tuscaloosa Marine Shale in southern Louisiana and Mississippi, Chief Operating Officer Robert Turnham says the company is not in the market to add to its 79,000 net acre position in the play.The mid-sized exploration and production company has not drilled its first well in the liquids-rich shale play just yet, but is so far encouraged by the results and activity it is seeing from other operators.Turnham said a recompletion of an old well performed by Encore Acquisition yielded results that were largely shrugged off by markets just before oil prices crashed in 2008. But upon closer inspection, and considering how much drilling and completion technology has advanced since then, Goodrich and others now see the results as quite encouraging.
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