Goodrich Petroleum Company News

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Bankruptcy Rebound? Oil, Gas Companies Bounce Back from Chapter 11
Friday, October 14, 2016Goodrich Petroleum is the latest exploration and production company to emerge from bankruptcy in recent weeks.

Shale Loses 9 Billion Barrels of Reserves After SEC Inquiries
Wednesday, June 15, 2016Ultra Petroleum Corp. was a shale success story. Then came the bust.

Houston Court Cuts into Delaware's Bankruptcy Business
Wednesday, May 11, 2016When 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.

Goodrich Petroleum Files Bankruptcy With Proposed Debt Plan
Friday, April 15, 2016Goodrich Petroleum, another casualty of the energy slump, seeking bankruptcy with a plan to eliminate about $400 million of debt.

Oil Boom Built on Junk Debt Sees $19B Default Wave
Friday, March 11, 2016Investors face $19 billion in energy defaults as the worst oil crash in a generation leaves drillers struggling to stay afloat.

Goodrich Petroleum Delays $11M in Interest Payments
Tuesday, March 08, 2016Goodrich Petroleum has a grace period of 30 days to make $11 million in interest payments to avoid default.

Goodrich Petroleum Fights to Stave Off Bankruptcy
Tuesday, February 16, 2016Goodrich Petroleum tells stakeholders the company voluntary recapitalization plan will cost $1 million as opposed to a $15 million bankruptcy filing.

NYSE Drops Goodrich Petroleum, Penn Virginia
Thursday, January 14, 2016Following weeks of depressed share prices, more exploration and production companies purged from New York Stock Exchange.

Rescue Funding Could Fall Flat For Companies Needing A Life Vest
Tuesday, September 29, 2015As 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.

Goodrich Petroleum CFO Resigns
Thursday, August 20, 2015Goodrich Petroleum's chief financial officer resigns to take a position with a private company.

Goodrich Petroleum Posts $12.9 Million Adjusted Revenues Loss
Wednesday, August 05, 2015Goodrich Petroleum's adjusted revenues in the second quarter of 2015 were $12.9 million lower than the same period last year.

Goodrich Sells Chunk of Eagle Ford: More Buying Time for Rebound
Monday, July 27, 2015Goodrich 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.

Goodrich, Oasis Petroleum Cut Spending For 2015 As Oil Slides
Wednesday, December 10, 2014Goodrich 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.

Goodrich Completes TMS Well C.H. Lewis
Tuesday, June 03, 2014Goodrich Petroleum announces the completion of its C.H. Lewis 30-19H-1 well in Amite County, Mississippi.

Goodrich Petroleum's Scripts Second Success In Louisiana Field
Monday, April 14, 2014Goodrich Petroleum drills its second successful well in the Tuscaloosa Marine shale prospect in Louisiana.

Goodrich Chairman Dies at 83
Friday, March 28, 2014Goodrich Petroleum announces the passing of its Chairman-Emeritus Henry Goodrich at 83 years old.

Goodrich: 2014 Plans Include Drilling 32 New Wells in the Tuscaloosa Marine
Friday, February 21, 2014Goodrich Petroleum announces plans to drill 32 new wells in the Tuscaloosa Marine Shale.

Goodrich Petroleum To Present At Upcoming Conferences
Friday, December 27, 2013Goodrich Petroleum Corporation's management team will present at various conferences in January of 2014.

Goodrich Updates Tuscaloosa Marine Shale Operations
Thursday, December 26, 2013Goodrich Petroleum's Huff 18-7H-1 (97% WI) well in Amite County, Mississippi was successfully fracture stimulated.

Goodrich Touts Tuscaloosa Marine Success Despite Soft Shale Worries
Wednesday, October 23, 2013Goodrich Petroleum Corp. disproved soft rock worries in the Tuscaloosa Marine Shale and is doubling down in the play.

Goodrich to Buy Working Interest in Tuscaloosa Marine Shale
Tuesday, July 23, 2013Goodrich is acquiring a working interest in the Tuscaloosa Marine Shale after buying formation acreage in Louisiana.

Goodrich Petroleum to Spud Well in Tuscaloosa Marine Shale
Thursday, February 07, 2013Goodrich Petroleum Corporation plans to spud the Smith 5-29H-1 during the second quarter.

Goodrich Petroleum Sets '13 Capex Budget
Thursday, January 03, 2013Goodrich 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.

Goodrich Petroleum Enters LOI for Tx. Field
Tuesday, August 07, 2012Goodrich Petroleum Corporation has entered into a letter of intent to sell its South Henderson field in Rusk County, Texas.

ExxonMobil's Natural-Gas Push Could Hit Small US Producers
Friday, February 03, 2012ExxonMobil'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.

Goodrich Adds Acreage in Tuscaloosa Play
Monday, June 13, 2011Goodrich has purchased leases totaling approximately 74,000 net acres in the Tuscaloosa Marine Shale oil trend.

Goodrich Petroleum Promotes Schott to CFO
Wednesday, June 16, 2010Goodrich Petroleum announced the promotion of Jan L. Schott, 41, to Senior Vice President and Chief Financial Officer.

Goodrich Snaps Up Stakes in Texas Shale Plays
Monday, April 12, 2010Goodrich 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.

Goodrich Petroleum Waves Goodbye to CFO
Thursday, March 25, 2010Goodrich Petroleum announced the resignation of David R. Looney from his position as Executive Vice President and Chief Financial Officer.

Goodrich Petroleum Declares Preferred Dividend
Friday, February 19, 2010The 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.

Goodrich's Shale Program Lifts Reserves to New Heights
Wednesday, February 17, 2010Goodrich 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.

Goodrich Petroleum Adds to Exisiting Hedge Position
Friday, December 18, 2009Goodrich 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.

Goodrich Earmarks 2010 Budget, Snaps Up Additional Acreage in TX
Thursday, December 03, 2009Goodrich 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.

Goodrich Petroleum Adds to Existing Hedge Position
Tuesday, October 06, 2009Goodrich 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.

Goodrich Petroleum Launches Convertible Notes Offering
Tuesday, September 22, 2009Goodrich Petroleum has commenced an underwritten public offering, subject to market and other conditions, of $150 million aggregate principal amount of convertible senior notes.

Goodrich Petroleum Declares Quarterly Cash Dividend
Friday, August 21, 2009The 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.

Goodrich Petroleum Completes 3rd Haynesville Shale Well in East Texas
Wednesday, July 15, 2009Goodrich Petroleum has completed its third Haynesville Shale well, and has reached total depth on two additional horizontal Haynesville Shale wells in East Texas.

Goodrich Petroleum Completes 2nd Horizontal Haynesville Shale Well
Monday, June 01, 2009Goodrich Petroleum announced results on its second operated horizontal Haynesville Shale well.

Goodrich Petroleum Tests 3 Haynesville Shale Wells
Monday, May 18, 2009Goodrich Petroleum has announced results on three Haynesville Shale wells.

Petro Resources Happy with First 4 Wells at Surprise Prospect
Monday, March 02, 2009Petro Resources announced results from the Surprise Prospect in Nacogdoches County, Texas.

Goodrich Petroleum Appoints New Board Director
Friday, January 23, 2009Goodrich Petroleum Corporation announced that Stephen M. Straty has been appointed to its Board of Directors.

Goodrich Petroleum Hires Killelea as Sr. Vice President
Monday, January 19, 2009Goodrich Petroleum Corporation has hired Michael J. Killelea as Senior Vice-President, General Counsel and Corporate Secretary.

Goodrich Completes 2 Horizontal Wells, Sees Combined Flow of 21.5 MMcf/d
Tuesday, January 06, 2009Goodrich has announced positive well results in the Haynesville Shale and Angelina River Trend.

Goodrich Nabs New Angelina River Acreage, Updates on Haynesville Shale
Monday, September 08, 2008Goodrich 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.

Goodrich, Chesapeake Energy Form JV for Haynesville Shale
Monday, June 16, 2008Goodrich 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.

Goodrich Bumps Up Haynesville Acreage
Friday, May 30, 2008Goodrich 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.

Gas Deposit Lures Hedge Funds
Wednesday, May 14, 2008A 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.

Goodrich Petroleum Clarifies Various Bear Stearns Agreements
Thursday, March 27, 2008The 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.

Goodrich Petroleum Reduces Contract Position with Bear Stearns
Thursday, March 20, 2008Goodrich Petroleum Corporation has today substantially reduced its securities contract position with affiliates of The Bear Stearns Companies Inc.

Goodrich Petroleum Corporation Declares Preferred Dividend
Friday, February 29, 2008The 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.