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Goodrich Petroleum Corporation, Company Intelligence Report - Product Image

Goodrich Petroleum Corporation, Company Intelligence Report

  • Published: May 2013
  • 108 pages
  • GlobalData

Goodrich Petroleum Corporation, Company Intelligence Report

Summary

Goodrich Petroleum Corporation (Goodrich) is an independent oil and gas company engaged in the exploration, development and production of oil and natural gas. The company’s properties are primarily in southern Texas, and include Eagle Ford Shale (EFS) trend; northwest Louisiana and east Texas, which includes the Haynesville Shale and Cotton Valley Taylor Sand; and southwest Mississippi and southeast Louisiana, which includes the Tuscaloosa Marine Shale (TMS). The company is headquartered in Houston in the US.

Scope

- Key Highlights: This section provides detailed analysis on the company’s overall oil and gas value chain, new projects, growth opportunities, new ventures, assets performance, geographical results of oil and gas operations.
- Goals and Strategies: This section provides the upcoming goals and strategies of the company. The section mainly goals and strategies followed by the company in order to meet its upcoming goals.
- SWOT: The report’s SWOT section provides the internal strength, weakness, opportunities and threats of company to reflect its strategic READ MORE >

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1

1.1 List of Tables
1.2 List of Figures
2 Goodrich Petroleum Corporation, Company Overview
3 Goodrich Petroleum Corporation, Investment Summary
3.1 Increasing Focus towards Oil to Drive Company’s Profitability
3.2 Increasing Acreage Position in Key Shales to Sustain Profitability
3.2.1 Haynesville Shale Trend
3.2.2 Tuscaloosa Marine Shale
3.3 Maintaining an Active Hedge Portfolio to Secure Shareholder’s Value
4 Goodrich Petroleuim Corporation, SWOT Analysis
4.1 Strengths
4.1.1 Increased Focus of Reserves and Production toward Oil
4.1.2 Technical Expertise to Handle Unconventional Resources
4.2 Weaknesses
4.2.1 Asset Concentration in a Single Geographic Area
4.3 Opportunities
4.3.1 High Potential at Eagle Ford Shale and Tuscaloosa Marine Shale
4.4 Threats
4.4.1 Undiversified Commodity Mix
5 Goodrich Petroleum Corporation, Goals and Strategies
5.1 Increase of Oil Contribution in the Total Production Mix
5.2 Decrease of Gas Contribution in the Total Production Mix
6 Goodrich Petroleum Corporation, Production Overview
6.1 Production Profile
6.2 Asset Portfolio
6.2.1 The Haynesville Shale
6.2.2 Eagle Ford Shale Trend
6.2.3 Tuscaloosa Marine Shale Trend
7 Goodrich Petroleum, Exploration and Development Overview
7.1 The Haynesville Shale
7.2 The Cotton Valley Taylor Sand
7.3 The Eagle Ford Shale and the Tuscaloosa Marine Shale
7.3.1 The Eagle Ford Shale
7.3.2 The Tuscaloosa Marine Shale
8 Goodrich Petroleum Corporation, Capital Expenditure
8.1 Costs Incurred
9 Goodrich Petroleum Corporation, Acreage
10 Goodrich Petroleum Corporation, Mergers and Acquisitions, Highlights
11 Goodrich Petroleum Corporation, Forecast Production and Financial Statements
11.1 Income Statement (2010–2017)
11.2 Balance Sheet (2010–2017)
11.3 Cash Flow Statement (2010–2017)
12 Goodrich Petroleum, Valuation
12.1 Discounted Cash Flow Methodology
13 Goodrich Petroleum, Peer Comparision
13.1 Share Price Performance
13.2 Operational and Financial Performance
14 Goodrich Petroleum Corporation, Oil and Gas Exploration and Production Operations and Cost Analysis
14.1 Goodrich Petroleum Corporation., Total Oil and Gas, Reserves and Production
14.1.1 Total Crude Oil and Natural Gas Production and Reserves Trend, 2008-2012
14.1.2 Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2008-2012
14.1.3 Total Crude Oil and Natural Gas Reserve Changes, 2008-2012
14.2 Goodrich Petroleum Corporation., Crude Oil/Liquids Production and Reserve
14.2.1 Crude Oil/Liquids Production and Reserve Trend, 2008-2012
14.2.2 Crude Oil/Liquids Reserve Changes, 2008-2012
14.3 Goodrich Petroleum Corporation., Natural Gas Production and Reserve
14.3.1 Natural Gas Production and Reserve Trend, 2008-2012
14.3.2 Natural Gas Production and Reserves, By Country/Region, 2008-2012
14.3.3 Natural Gas Reserve Changes, 2008-2012
14.4 Goodrich Petroleum Corporation.,Total Crude Oil and Natural Gas Reserves Life Index
14.4.1 Total Crude Oil and Natural Gas Reserves Life Index, 2008-2012
14.4.2 Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2008-2012
14.5 Goodrich Petroleum Corporation, E&P Costs Trends
14.5.1 Upstream Capital Expenditure, 2008-2012
14.5.2 Acquisition Costs By Country/Region, 2008-2012
14.5.3 Exploration and Development Costs, By Country/Region, 2008-2012
14.6 Goodrich Petroleum Corporation., Oil and Gas Cost Per boe, $/boe
14.6.1 Oil and Gas Cost Per boe, $/boe, 2008-2012
14.6.2 Oil and Gas Cost Per boe, $/boe, By Country/Region, 2008-2012
14.7 Goodrich Petroleum Corporation, Reserve Replacement Ratio
14.7.1 Oil and Gas Production Replacement Ratio, 2008-2012
14.7.2 Oil and Gas Production Replacement Ratio, By Country/Region, 2008-2012
14.8 Goodrich Petroleum Corporation, Results of Oil & Gas Operations Trend
14.8.1 Oil and Gas Revenue and Expenses, 2008-2012
14.8.2 Oil and Gas Revenue and Expenses, By Country/Region, 2008-2012
14.9 Goodrich Petroleum Corporation., Oil and Gas Revenue and Expenses, Per boe
14.9.1 Oil and Gas Revenue and Expenses, By boe, 2008-2012
14.9.2 Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2008-2012
14.10 Goodrich Petroleum Corporation., Oil and Gas Performance Metrics
14.11 Goodrich Petroleum Corporation, Land Holdings and Well Data
14.11.1 Gross and Net Developed and Undeveloped Acreage, 2008-2012
14.11.2 Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2008-2012
14.12 Goodrich Petroleum Corporation., Well Statistics
14.12.1 Producible Oil and Gas Well, 2008-2012
14.12.2 Producible Oil and Gas Well, By Country/Region, 2008-2012
14.12.3 Exploration and Development Wells Drilled, 2008-2012
14.12.4 Exploration and Development Wells Drilled, By Country/Region, 2008-2012
15 Appendix
15.1 Abbreviations
15.2 Sources
15.3 Methodology
15.3.1 Coverage
15.3.2 Secondary Research
15.3.3 Primary Research
15.4 Contact Us
15.5 Disclaimer

1.1 List of Tables
Table 1: Goodrich Petroleum Corporation, Total Drilling Inventory, 2013
Table 2: Goodrich Petroleum Corporation, Capital Expenditure (US$ MM), 2009–2012
Table 3: Goodrich Petroleum Corporation, Costs Incurred (US$ MM), 2009–2012
Table 4: Goodrich Petroleum, Reserve Replacement Ratio (%) and F&D Cost (US$ per boe), 2009–2012
Table 5: Goodrich Petroleum, Gross and Net Acreage Positions in Key Fields, 2012
Table 6: Goodrich Petroleum, Recent Transactions as a Buyer, 2009–2012
Table 7: Goodrich Petroleum Corporation, Estimated and Forecast Production, 2009–2017
Table 8: GlobalData, Price Forecast, 2013–2017
Table 9: Goodrich Petroleum, Income Statement (US$ MM), 2010–2017
Table 10: Goodrich Petroleum, Balance Sheet (US$ MM), 2010–2017
Table 11: Goodrich Petroleum, Cash Flow Statement (US$ MM), 2010–2017
Table 12: Goodrich Petroleum Corporation, Other Financial Ratios, 2010–2017
Table 13: Goodrich Petroleum, Free Cash Flow Calculation (US$m), 2012
Table 14: Goodrich Petroleum Corporation, DCF Calculation, 2012
Table 15: Goodrich and Peers, Operational and Financial Performance, 2012
Table 16: Goodrich Petroleum Corporation, Total Crude Oil and Natural Gas, Production and Reserves, MMboe, 2008-2012
Table 17: Goodrich Petroleum Corporation, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, MMboe, 2008-2012
Table 18: Goodrich Petroleum Corporation, Total Crude Oil and Natural Gas Reserve Changes, MMboe, 2008-2012
Table 19: Goodrich Petroleum Corporation, Crude Oil Production and Reserves Metrics, MMbbl, 2008-2012
Table 20: Goodrich Petroleum Corporation, Crude Oil Production and Reserves, By Country/Region, MMbbl, 2008-2012
Table 21: Goodrich Petroleum Corporation, Crude Oil Reserve Changes, MMbbl, 2008-2012
Table 22: Goodrich Petroleum Corporation, Natural Gas Production and Reserves Metrics, Bcf, 2008-2012
Table 23: Goodrich Petroleum Corporation, Natural Gas Production and Reserves, By Country/Region, Bcf, 2008-2012
Table 24: Goodrich Petroleum Corporation, Natural Gas Reserve Changes, Bcf, 2008-2012
Table 25: Goodrich Petroleum Corporation, Oil and Gas Reserves Life Index, Years, 2008-2012
Table 26: Goodrich Petroleum Corporation, Oil and Gas Reserves Life Index, By Country/Region, Years, 2008-2012
Table 27: Goodrich Petroleum Corporation, Upstream Capital Expenditure, $m, 2008-2012
Table 28: Goodrich Petroleum Corporation, Proved and Unproved Acquisition Costs, By Country/Region, $m, 2008-2012
Table 29: Goodrich Petroleum Corporation, Exploration and Development Costs, By Country/Region, $m, 2008-2012
Table 30: Goodrich Petroleum Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, $/boe, 2008-2012
Table 31: Goodrich Petroleum Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, $/boe, By Country/Region, 2008-2012
Table 32: Goodrich Petroleum Corporation, Oil and Gas Production Replacement Ratio, %, 2008-2012
Table 33: Goodrich Petroleum Corporation, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2008-2012
Table 34: Goodrich Petroleum Corporation, Revenue and Expenses, $m, 2008-2012
Table 35: Goodrich Petroleum Corporation, Revenue and Expenses, By Country/Region, $m, 2008-2012
Table 36: Goodrich Petroleum Corporation, Oil and Gas Revenue and Expenses, $/boe, 2008-2012
Table 37: Goodrich Petroleum Corporation, Oil and Gas Revenue and Expenses, $/boe, By Country/Region, 2008-2012
Table 38: Goodrich Petroleum Corporation, Oil and Gas Performance Metrics, 2008-2012
Table 39: Goodrich Petroleum Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2008-2012
Table 40: Goodrich Petroleum Corporation, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2008-2012
Table 41: Goodrich Petroleum Corporation, Producible Oil and Gas Wells, 2008-2012
Table 42: Goodrich Petroleum Corporation, Producible Oil and Gas Wells, By Country/Region, 2008-2012
Table 43: Goodrich Petroleum Corporation, Exploratory and Developed Wells, 2008-2012
Table 44: Goodrich Petroleum Corporation, Exploratory and Developed Wells, By Country/Region, 2008-2012

1.2 List of Figures
Figure 1: Goodrich Petroleum Corporation, Area of Operations Map, 2012
Figure 2: Goodrich Petroleum Corporation, Financial and Operational Overview, 2009–2012
Figure 3: Goodrich Petroleum, Share Price Movement, April 2012–March 2013
Figure 4: Goodrich Petroleum, Total Production (mmboe), 2010–2017
Figure 5: Goodrich Petroleum, Total Production Forecast by Commodity (mmboe), 2013–2017
Figure 6: Goodrich Petroleum Eagle Ford Shale (EFS) Trend Activity
Figure 7: Goodrich Petroleum Tuscaloosa Marine Shale (TMS) Trend Activity
Figure 8: Goodrich Petroleum Corporation, the Haynesville Shale Acreage Position, 2013
Figure 9: Goodrich Petroleum Corporation, the Cotton Valley Taylor Sand Overview, 2012
Figure 10: Goodrich Petroleum Corporation, the Eagle Ford Shale Trend Overview, 2012
Figure 11: Goodrich Petroleum Corporation, Tuscaloosa Marine Shale Overview, 2012
Figure 12: Goodrich Petroleum Corporation, Capital Expenditure (US$ MM), 2013
Figure 13: Goodrich Petroleum Corporation, Capital Expenditure, By Shales (US$ MM), 2012–2013
Figure 14: Goodrich Petroleum Corporation, Total Cost Incurred, 2009–2012
Figure 15: Goodrich Petroleum, Reserve Replacement Ratio and Finding and Development Cost per boe (US$ per boe), 2010–2012
Figure 16: Goodrich Petroleum, Peer Group Comparison, Acreage (million acres), 2012
Figure 17: Goodrich Petroleum and Peer Group, Relative Share Price Performance, 2012–2013
Figure 18: Goodrich and Peer Group, Reserve Life Index (Years), 2012
Figure 19: Goodrich Petroleum and Peer Group, Operational and Financial Parameters ($/boe), 2012
Figure 20: Goodrich Petroleum and Peer Group, Operational and Financial Parameters ($/boe), 2012
Figure 21: Goodrich Petroleum and Peer Group, Total Production and Reserves (in mmboe), 2012
Figure 22: Goodrich Petroleum and Peer Group, Valuation Metrics, 2012
Figure 23: Goodrich Petroleum Corporation, Total Crude Oil and Natural Gas, Production and Reserves, MMboe, 2008-2012
Figure 24: Goodrich Petroleum Corporation, Total Oil & Gas Reserves, End of Period, By Country/Region, MMboe, 2008-2012
Figure 25: Goodrich Petroleum Corporation, Total Oil & Gas Production, By Country/Region, MMboe, 2008-2012
Figure 26: Goodrich Petroleum Corporation, Total Crude Oil and Natural Gas Reserve Changes, MMboe, 2012
Figure 27: Goodrich Petroleum Corporation, Crude Oil Production and Reserves Metrics, MMbbl, 2008-2012
Figure 28: Goodrich Petroleum Corporation, Oil Reserves, End of Period, By Country/Region, MMbbl, 2008-2012
Figure 29: Goodrich Petroleum Corporation, Oil Production, By Country/Region, MMbbl, 2008-2012
Figure 30: Goodrich Petroleum Corporation, Crude Oil Reserve Changes, MMbbl, 2012
Figure 31: Goodrich Petroleum Corporation, Natural Gas Production and Reserves Metrics, Bcf, 2008-2012
Figure 32: Goodrich Petroleum Corporation, Gas Reserves, End of Period, By Country/Region, Bcf, 2008-2012
Figure 33: Goodrich Petroleum Corporation, Gas Production, By Country/Region, Bcf, 2008-2012
Figure 34: Goodrich Petroleum Corporation, Natural Gas Reserve Changes, Bcf, 2012
Figure 35: Goodrich Petroleum Corporation, Oil and Gas Reserves Life Index, Years, 2008-2012
Figure 36: Goodrich Petroleum Corporation, Gas Reserve Life Index, By Country/Region, Years, 2008-2012
Figure 37: Goodrich Petroleum Corporation, Oil & Gas Reserve Life Index, By Country/Region, Years, 2008-2012
Figure 38: Goodrich Petroleum Corporation, Oil Reserve Life Index, By Country/Region, Years, 2008-2012
Figure 39: Goodrich Petroleum Corporation, Upstream Capital Expenditure, $m, 2008-2012
Figure 40: Goodrich Petroleum Corporation, Proved Acquisition Costs, By Country/Region, $m, 2008-2012
Figure 41: Goodrich Petroleum Corporation, Unproved Acquisition Costs, By Country/Region, $m, 2008-2012
Figure 42: Goodrich Petroleum Corporation, Development Costs, By Country/Region, $m, 2008-2012
Figure 43: Goodrich Petroleum Corporation, Exploration Costs, By Country/Region, $m, 2008-2012
Figure 44: Goodrich Petroleum Corporation, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, $/boe, 2008-2012
Figure 45: Goodrich Petroleum Corporation, Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, $/boe, 2008-2012
Figure 46: Goodrich Petroleum Corporation, Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, $/boe, 2008-2012
Figure 47: Goodrich Petroleum Corporation, Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, $/boe, 2008-2012
Figure 48: Goodrich Petroleum Corporation, Proved Reserves Acquisition Cost per boe, 3-Year Average, By Country/Region, $/boe, 2008-2012
Figure 49: Goodrich Petroleum Corporation, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2008-2012
Figure 50: Goodrich Petroleum Corporation, 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2008-2012
Figure 51: Goodrich Petroleum Corporation, 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2008-2012
Figure 52: Goodrich Petroleum Corporation, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2008-2012
Figure 53: Goodrich Petroleum Corporation, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2008-2012
Figure 54: Goodrich Petroleum Corporation, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2008-2012
Figure 55: Goodrich Petroleum Corporation, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2008-2012
Figure 56: Goodrich Petroleum Corporation, Revenue and Expenses, $m, 2008-2012
Figure 57: Goodrich Petroleum Corporation, Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, $m, 2008-2012
Figure 58: Goodrich Petroleum Corporation, Exploration Expenses, By Country/Region, $m, 2008-2012
Figure 59: Goodrich Petroleum Corporation, Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, $m, 2008-2012
Figure 60: Goodrich Petroleum Corporation, Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, $m, 2008-2012
Figure 61: Goodrich Petroleum Corporation, Oil & Gas Revenue, By Country/Region, $m, 2008-2012
Figure 62: Goodrich Petroleum Corporation, Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, $m, 2008-2012
Figure 63: Goodrich Petroleum Corporation, Production Costs, By Country/Region, $m, 2008-2012
Figure 64: Goodrich Petroleum Corporation, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, $m, 2008-2012
Figure 65: Goodrich Petroleum Corporation, Oil and Gas Revenue and Expenses, $/boe, 2008-2012
Figure 66: Goodrich Petroleum Corporation, Exploration Expenses per boe, By Country/Region, $/boe, 2008-2012
Figure 67: Goodrich Petroleum Corporation, Income Tax/(Benefit) per boe, By Country/Region, $/boe, 2008-2012
Figure 68: Goodrich Petroleum Corporation, Lifting Cost per boe, By Country/Region, $/boe, 2008-2012
Figure 69: Goodrich Petroleum Corporation, Oil & Gas Revenue per boe, By Country/Region, $/boe, 2008-2012
Figure 70: Goodrich Petroleum Corporation, Oil & Gas Revenue per boe, By Country/Region, $/boe, 2008-2012
Figure 71: Goodrich Petroleum Corporation, Total DD&A per boe, By Country/Region, $/boe, 2008-2012
Figure 72: Goodrich Petroleum Corporation, Total Revenue per boe, By Country/Region, $/boe, 2008-2012
Figure 73: Goodrich Petroleum Corporation, Oil and Gas Performance Metrics, 2008-2012
Figure 74: Goodrich Petroleum Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2008-2012
Figure 75: Goodrich Petroleum Corporation, Total Gross Undeveloped Acreage, By Country/Region, Acres, 2008-2012
Figure 76: Goodrich Petroleum Corporation, Total Net Undeveloped Acreage, By Country/Region, Acres, 2008-2012
Figure 77: Goodrich Petroleum Corporation, Total Gross Developed Acreage, By Country/Region, Acres, 2008-2012
Figure 78: Goodrich Petroleum Corporation, Total Net Developed Acreage, By Country/Region, Acres, 2008-2012
Figure 79: Goodrich Petroleum Corporation, Producible Oil and Gas Wells, 2008-2012
Figure 80: Goodrich Petroleum Corporation, Gross Productive Gas Wells, By Country/Region, Number, 2008-2012
Figure 81: Goodrich Petroleum Corporation, Gross Productive Oil & Gas Wells, By Country/Region, Number, 2008-2012
Figure 82: Goodrich Petroleum Corporation, Gross Productive Oil Wells, By Country/Region, Number, 2008-2012
Figure 83: Goodrich Petroleum Corporation, Net/Gross Oil & Gas Ratio, By Country/Region, %, 2008-2012
Figure 84: Goodrich Petroleum Corporation, Net Productive Gas Wells, By Country/Region, Number, 2008-2012
Figure 85: Goodrich Petroleum Corporation, Net Productive Oil & Gas Wells, By Country/Region, Number, 2008-2012
Figure 86: Goodrich Petroleum Corporation, Net Productive Oil Wells, By Country/Region, Number, 2008-2012
Figure 87: Goodrich Petroleum Corporation, Exploratory and Developed Wells, 2008-2012

Goodrich’s Eagle Ford Shale Exposure Amplifying its Oil Content to Drive Profitability

Goodrich has been a predominantly natural gas centric company with its reserve base and production largely dominated by natural gas. During 2007 – 2010, despite of positive revenue numbers the company has consistently reported negative earning except for 2008. These continuous negative earnings for years coupled with sustained low natural gas prices, made Goodrich shift its focus towards development of crude oil through Eagle Ford shale. Goodrich acquired 55,000 gross and 39,000 net acres in the oil rich Eagle Ford shale in South Texas area during April 2010. The company has total proved reserve of 2.5 MMboe and unrisked resource potential of 145 MMboe in Eagle Ford shale. This exposure into the Eagle Ford shale is in line with Goodrich’s strategy of increasing its oil mix in its reserve and production portfolio. As of December 2010, crude oil accounted for 2.1% of Goodrich’s total proved reserves and 2.7% of the company’s total production. The figure below shows the Eagle Ford shale’s top companies by acreage for 2011.

Goodrich plans to spend around $175m, or 56% of its estimated capex, on leaseholds, drilling, and completion costs associated with the Eagle Ford shale oil play during 2011. Moreover in 2012, the company has allocated the capex of $155m for the development of Eagle Ford shale. The company plans to drill around 29 gross (19 net) wells during 2012, with two drilling rigs dedicated to this shale play. With this, Goodrich expects that its oil volume will grow from 0.15 MMbbls in 2010 to 0.60 MMbbls in 2011and oil contribution towards total production will be around 9%. This increased oil mix along with surging crude oil prices will enable Goodrich to create additional production value and enhance its profitability. The figure below shows the Goodrich’s projected oil production for 2011 – 2015.

The Eagle Ford Shale is one of the emerging oil rich shale in the US. GlobalData expects that future development activities in this shale will increase the oil contribution towards Goodrich upstream portfolio. During 2010 oil’s contribution towards total company’s production remained around 2.7% which is expected to reach 19% by 2015. GlobalData expects that oil production will grow at the CAGR of 36.5% for 2011 – 2015.

Goodrich strategy to shift towards Eagle Ford shale seems to be a right, as it will enable the company to maintain the right commodity mix, required to mitigate the associated price risk. GlobalData expects that with further development in Eagle Ford shale, Goodrich will be able to report positive bottom-line and will be able to grow in long run.

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