Goodrich Petroleum Company News

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Bankruptcy Rebound? Oil, Gas Companies Bounce Back from Chapter 11
Goodrich Petroleum is the latest exploration and production company to emerge from bankruptcy in recent weeks.
8:00 PM EST | October 13, 2016
Shale Loses 9 Billion Barrels of Reserves After SEC Inquiries
Ultra Petroleum Corp. was a shale success story. Then came the bust.
8:00 PM EST | June 14, 2016
Houston Court Cuts into Delaware's Bankruptcy Business
When energy prices began to plummet nearly two years ago, oil companies with billions of dollars in debt followed a well-worn path to the busiest US Bankruptcy Court for large Chapter 11 cases, in Wilmington, Delaware.
8:00 PM EST | May 10, 2016
Goodrich Petroleum Files Bankruptcy With Proposed Debt Plan
Goodrich Petroleum, another casualty of the energy slump, seeking bankruptcy with a plan to eliminate about $400 million of debt.
8:00 PM EST | April 14, 2016
Oil Boom Built on Junk Debt Sees $19B Default Wave
Investors face $19 billion in energy defaults as the worst oil crash in a generation leaves drillers struggling to stay afloat.
7:00 PM EST | March 10, 2016
Goodrich Petroleum Delays $11M in Interest Payments
Goodrich Petroleum has a grace period of 30 days to make $11 million in interest payments to avoid default.
7:00 PM EST | March 07, 2016
Goodrich Petroleum Fights to Stave Off Bankruptcy
Goodrich Petroleum tells stakeholders the company voluntary recapitalization plan will cost $1 million as opposed to a $15 million bankruptcy filing.
7:00 PM EST | February 15, 2016
NYSE Drops Goodrich Petroleum, Penn Virginia
Following weeks of depressed share prices, more exploration and production companies purged from New York Stock Exchange.
7:00 PM EST | January 13, 2016
Rescue Funding Could Fall Flat For Companies Needing A Life Vest
As smaller, mid-cap companies have grown to depend on second liens and more expensive credit, the asking price for their assets may turn off the private equity spigot.
8:00 PM EST | September 28, 2015
Goodrich Petroleum CFO Resigns
Goodrich Petroleum's chief financial officer resigns to take a position with a private company.
8:00 PM EST | August 19, 2015
Goodrich Petroleum Posts $12.9 Million Adjusted Revenues Loss
Goodrich Petroleum's adjusted revenues in the second quarter of 2015 were $12.9 million lower than the same period last year.
8:00 PM EST | August 04, 2015
Goodrich Sells Chunk of Eagle Ford: More Buying Time for Rebound
Goodrich Petroleum is selling key acreage in the Eagle Ford Shale to buy some liquidity and pay off some debt. But questions remain about whether it's enough to survive commodity prices.
8:00 PM EST | July 26, 2015
Goodrich, Oasis Petroleum Cut Spending For 2015 As Oil Slides
Goodrich Petroleum and Oasis Petroleum expect to spend much less on exploration and production next year, joining a list of US oil and gas companies cutting capital spending as oil prices plunge.
7:00 PM EST | December 09, 2014
Goodrich Completes TMS Well C.H. Lewis
Goodrich Petroleum announces the completion of its C.H. Lewis 30-19H-1 well in Amite County, Mississippi.
8:00 PM EST | June 02, 2014
Goodrich Petroleum's Scripts Second Success In Louisiana Field
Goodrich Petroleum drills its second successful well in the Tuscaloosa Marine shale prospect in Louisiana.
8:00 PM EST | April 13, 2014
Goodrich Chairman Dies at 83
Goodrich Petroleum announces the passing of its Chairman-Emeritus Henry Goodrich at 83 years old.
8:00 PM EST | March 27, 2014
Goodrich: 2014 Plans Include Drilling 32 New Wells in the Tuscaloosa Marine
Goodrich Petroleum announces plans to drill 32 new wells in the Tuscaloosa Marine Shale.
7:00 PM EST | February 20, 2014
Goodrich Petroleum To Present At Upcoming Conferences
Goodrich Petroleum Corporation's management team will present at various conferences in January of 2014.
7:00 PM EST | December 26, 2013
Goodrich Updates Tuscaloosa Marine Shale Operations
Goodrich Petroleum's Huff 18-7H-1 (97% WI) well in Amite County, Mississippi was successfully fracture stimulated.
7:00 PM EST | December 25, 2013
Goodrich Touts Tuscaloosa Marine Success Despite Soft Shale Worries
Goodrich Petroleum Corp. disproved soft rock worries in the Tuscaloosa Marine Shale and is doubling down in the play.
8:00 PM EST | October 22, 2013
Goodrich to Buy Working Interest in Tuscaloosa Marine Shale
Goodrich is acquiring a working interest in the Tuscaloosa Marine Shale after buying formation acreage in Louisiana.
8:00 PM EST | July 22, 2013
Goodrich Petroleum to Spud Well in Tuscaloosa Marine Shale
Goodrich Petroleum Corporation plans to spud the Smith 5-29H-1 during the second quarter.
7:00 PM EST | February 06, 2013
Goodrich Petroleum Sets '13 Capex Budget
Goodrich Petroleum Corp. unveiled a lower capital expenditure budget for 2013 as it plans to reduce natural gas production and focus on oil in either the Eagle Ford Shale or the Tuscaloosa Marine Shale.
7:00 PM EST | January 02, 2013
Goodrich Petroleum Enters LOI for Tx. Field
Goodrich Petroleum Corporation has entered into a letter of intent to sell its South Henderson field in Rusk County, Texas.
8:00 PM EST | August 06, 2012
ExxonMobil's Natural-Gas Push Could Hit Small US Producers
ExxonMobil's decision to leave its U.S. natural-gas output untouched may push some smaller producers out of the business, force consolidation in the industry and make the co. an even more powerful force in the oilpatch.
7:00 PM EST | February 02, 2012
Goodrich Adds Acreage in Tuscaloosa Play
Goodrich has purchased leases totaling approximately 74,000 net acres in the Tuscaloosa Marine Shale oil trend.
8:00 PM EST | June 12, 2011
Goodrich Petroleum Promotes Schott to CFO
Goodrich Petroleum announced the promotion of Jan L. Schott, 41, to Senior Vice President and Chief Financial Officer.
8:00 PM EST | June 15, 2010
Goodrich Snaps Up Stakes in Texas Shale Plays
Goodrich Petroleum will acquire an average 70% leasehold interest in approximately 50,000 gross (35,000 net) acres within the oil window of the Eagle Ford Shale play.
8:00 PM EST | April 11, 2010
Goodrich Petroleum Waves Goodbye to CFO
Goodrich Petroleum announced the resignation of David R. Looney from his position as Executive Vice President and Chief Financial Officer.
8:00 PM EST | March 24, 2010
Goodrich Petroleum Declares Preferred Dividend
The board of directors of Goodrich Petroleum Corporation has declared a quarterly cash dividend of $0.6719 per share on its 5.375% Series B Cumulative Convertible Preferred Stock.
7:00 PM EST | February 18, 2010
Goodrich's Shale Program Lifts Reserves to New Heights
Goodrich Petroleum's proved oil and natural gas reserves as of December 31, 2009 increased by 4.5% to 420.6 Bcfe of natural gas versus the prior year period.
7:00 PM EST | February 16, 2010
Goodrich Petroleum Adds to Exisiting Hedge Position
Goodrich Petroleum has recently added to its existing hedge position by executing zero cost collars on 30,000 Mmbtu per day for the period including all of calendar years 2010, 2011, and 2012.
7:00 PM EST | December 17, 2009
Goodrich Earmarks 2010 Budget, Snaps Up Additional Acreage in TX
Goodrich Petroleum has announced its preliminary capital expenditure budget for 2010, a significant acreage acquisition and an operational update on its Haynesville Shale and horizontal Cotton Valley Taylor sand activities.
7:00 PM EST | December 02, 2009
Goodrich Petroleum Adds to Existing Hedge Position
Goodrich Petroleum has recently added to its existing hedge position by executing a zero cost collar on 10,000 MMBtu per day for a three year period including all of 2010, 2011, and 2012.
8:00 PM EST | October 05, 2009
Goodrich Petroleum Launches Convertible Notes Offering
Goodrich Petroleum has commenced an underwritten public offering, subject to market and other conditions, of $150 million aggregate principal amount of convertible senior notes.
8:00 PM EST | September 21, 2009
Goodrich Petroleum Declares Quarterly Cash Dividend
The board of directors of Goodrich Petroleum has declared a quarterly cash dividend of $0.6719 per share on its 5.375% Series B Cumulative Convertible Preferred Stock.
8:00 PM EST | August 20, 2009
Goodrich Petroleum Completes 3rd Haynesville Shale Well in East Texas
Goodrich Petroleum has completed its third Haynesville Shale well, and has reached total depth on two additional horizontal Haynesville Shale wells in East Texas.
8:00 PM EST | July 14, 2009
Goodrich Petroleum Completes 2nd Horizontal Haynesville Shale Well
Goodrich Petroleum announced results on its second operated horizontal Haynesville Shale well.
8:00 PM EST | May 31, 2009
Goodrich Petroleum Tests 3 Haynesville Shale Wells
Goodrich Petroleum has announced results on three Haynesville Shale wells.
8:00 PM EST | May 17, 2009
Petro Resources Happy with First 4 Wells at Surprise Prospect
Petro Resources announced results from the Surprise Prospect in Nacogdoches County, Texas.
7:00 PM EST | March 01, 2009
Goodrich Petroleum Appoints New Board Director
Goodrich Petroleum Corporation announced that Stephen M. Straty has been appointed to its Board of Directors.
7:00 PM EST | January 22, 2009
Goodrich Petroleum Hires Killelea as Sr. Vice President
Goodrich Petroleum Corporation has hired Michael J. Killelea as Senior Vice-President, General Counsel and Corporate Secretary.
7:00 PM EST | January 18, 2009
Goodrich Completes 2 Horizontal Wells, Sees Combined Flow of 21.5 MMcf/d
Goodrich has announced positive well results in the Haynesville Shale and Angelina River Trend.
7:00 PM EST | January 05, 2009
Goodrich Nabs New Angelina River Acreage, Updates on Haynesville Shale
Goodrich received its fully engineered mid-year 2008 reserve report, completed the acquisition of additional acreage in the Angelina River Trend in Nacogdoches County, Texas, and has provided a Haynesville Shale activity update.
8:00 PM EST | September 07, 2008
Goodrich, Chesapeake Energy Form JV for Haynesville Shale
Goodrich Petroleum and Chesapeake Energyhave entered into a joint venture to develop Goodrich's Haynesville Shale acreage in the Bethany-Longstreet and Longwood fields of Caddo and DeSoto Parishes, Louisiana.
8:00 PM EST | June 15, 2008
Goodrich Bumps Up Haynesville Acreage
Goodrich Petroleum acquired additional interests in the Cotton Valley trend, increasing its net exposure in the Haynesville Share to about 30,000 net acres. The company also continues drilling in the area.
8:00 PM EST | May 29, 2008
Gas Deposit Lures Hedge Funds
A natural-gas deposit deep beneath parts of Arkansas, eastern Texas and northwest Louisiana is the focus of the latest U.S. energy boom, with hedge funds betting on the three companies vying to develop the area.
8:00 PM EST | May 13, 2008
Goodrich Petroleum Clarifies Various Bear Stearns Agreements
The Capped Call Agreement requires an affiliate of BSC to transfer its rights and obligations within 30 days if its credit rating is below either Baa1 by Moody's or BBB+ by S&P.
8:00 PM EST | March 26, 2008
Goodrich Petroleum Reduces Contract Position with Bear Stearns
Goodrich Petroleum Corporation has today substantially reduced its securities contract position with affiliates of The Bear Stearns Companies Inc.
8:00 PM EST | March 19, 2008
Goodrich Petroleum Corporation Declares Preferred Dividend
The board of directors of Goodrich Petroleum Corporation has declared a quarterly cash dividend of $0.6719 per share on its 5.375% Series B Cumulative Convertible Preferred Stock.
7:00 PM EST | February 28, 2008