Goodrich Petroleum CFO Resigns

Houston-based Goodrich Petroleum Corporation has lost one of its senior-level executives. Jan Schott, the independent exploration and production company’s senior vice president and chief financial officer, resigned to take a financial position with a private company.

Schott, who has been with Goodrich since January 2007, has served as CFO since March 31, 2010, and SVP since May 5, 2010. The company said Schott’s resignation was not the result of any disagreements with Goodrich’s operations, policies or practices.

Like many E&P companies, Goodrich has been struggling as of late, closing at just 71 cents per share Wednesday. The company announced in July it was selling its proved reserves and a portion of its acreage in the Eagle Ford Shale for $118 million with the transaction scheduled to close around September 4. On August 5, the company revealed that adjusted revenues for 2Q of 2015 were $12.9 million lower than 2Q 2014.

Schott will remain at Goodrich through early September to help the company begin transitioning. Goodrich’s president and chief operating officer Robert C. Turnham, Jr. will serve as interim CFO while the company searches for someone to fill Schott’s position.

The industry downturn has been the cause for many restructuring efforts as oil and gas companies continue to grapple with the steep decline in oil prices. Experts have stressed the importance of succession planning because it’s inevitable, especially during times of financial struggle during which CEOs and other senior-level executives choose to leave. Atwood Oceanics Inc., Transocean Ltd., Rockwater Energy Solutions and Lundin Petroleum have all seen senior executives resign this year.         


Valerie is an experienced writer and editor dedicated to providing useful and relevant career news about the oil and gas industry. Email Valerie at


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Our Privacy Pledge

More from this Author
Valerie Jones
Editor, Careers | Rigzone
 -  Outlook: Exploring the New Breed of Oi... (Oct 25)
 -  Houston's Oil Industry Eyes Recovery, ... (Oct 21)
 -  Report: Majority of Women Not 'On Trac... (Oct 14)
 -  Advice for Working Millennials, from W... (Oct 13)
 -  BLOG: Survey Finds Stark Differences i... (Oct 7)

Most Popular Articles

From the Career Center
Jobs that may interest you
Oilfield Sales Representative - Outside Sales (Oil and Gas)
Expertise: Business Development|Project Management|Sales
Location: Odessa, TX
Electrical Substation Field Operations Supervisor II Job
Expertise: Operations Management|Refinery / Plant Operations Supervisor|Supply & Distribution
Location: Township of Maple Grove, MN
Manager, Probabilistic Risk Analysis Job
Expertise: Business Development|Research & Development|Technical Manager
Location: Minneapolis, MN
search for more jobs

Brent Crude Oil : $49.98/BBL 1.59%
Light Crude Oil : $49.18/BBL 1.56%
Natural Gas : $2.73/MMBtu 1.44%
Updated in last 24 hours