HOUSTON -- During Goodrich Petroleum Corp.’s (NYSE: GDP) massive acreage buildup in the Tuscaloosa Marine Shale (TMS), Robert C. Turnham Jr., president and chief operating officer, would occasionally get hit with questions or outright disbelief about the play.
“People would walk up to me and say, ‘I can’t believe you’re putting the big acreage block together in the TMS. The clay content is too high,’” Turnham said.
Clay, which varies in absorbency, can hinder the effectiveness of hydraulic fracturing by soaking up fluids.
Still, the Houston company has amassed more ...