GDP Goodrich Petroleum – Oil & Gas 360

Goodrich Petroleum Plans to Invest Funds in Additional Haynesville Drilling, Zipper Fracs

March 13, 2018

Goodrich Petroleum Corporation (ticker: GDP) has updated and accelerated its preliminary capital expenditure budget for 2018, following the recent $23 million asset sale. For 2018, the company’s board of directors approved a $20 million increase to $85-$95 million to accelerate development in its core Haynesville Shale acreage position. The company anticipates drilling 21 gross (8.7 net) horizontal wells for the

Goodrich Petroleum Closes Sale, Reports Q4

March 1, 2018

In its Q4/year-end release, Goodrich Petroleum Corporation (ticker: GDP) said it has recently closed on the sale of certain production, facilities, infrastructure and a portion of its acreage in the Angelina River Trend to BP America Production Company. Goodrich said it will use a portion of the proceeds from the sale to pay off its revolver, with plans to accelerate

EnerCom Dallas 2018 Presenter: Goodrich Petroleum Corporation

January 23, 2018

Goodrich Petroleum Corporation (ticker: GDP) is an independent E&P headquartered in Houston, Texas with operations in Texas, Louisiana and Mississippi. The company’s preliminary capital expenditure budget for 2018 stands at $65 to $75 million and will be directed towards the company’s core acreage in the Haynesville shale. Goodrich Petroleum plans to drill 16 gross horizontal wells in 2018, with an

Goodrich Petroleum Announces $65-75 Million Capital Expenditure Budget

December 20, 2017

Early today Goodrich Petroleum Corporation (ticker: GDP) announce a preliminary capital expenditure budget for 2018 of $65 to $75 million. 100% of the coming year’s budget will be allocated to the company’s core acreage in the Haynesville Shale in the Bethany-Longstreet and Thorn Lake areas of Caddo, DeSoto, and Red River Parishes, LA. Goodrich Petroleum plans to drill 16 gross

Goodrich Petroleum Continues to Drill Horizontal Wells in the Haynesville Shale Formation

November 10, 2017

On November 8, 2017 Goodrich Petroleum Corporation (ticker: GDP) announced its financial results for third quarter of 2017 and provided an operational update. According to the companies press release, adjusted EBITDA on a pro forma basis increased to $8.8 million in the quarter and discretionary cash flow (“DCF”), defined as net cash provided by operating activities before changes in working capital, was $8.3 million in

Paloma Partners to acquire Goodrich Petroleum Corporation for $23.00 per fully diluted share for a total of approximately $480 million, including assumption of the company's first lien debt- oil and gas 360

Goodrich Petroleum Gains New Credit Facility, Makes Haynesville Acreage Swap

October 18, 2017

Credit Facility for GDP Earlier today Goodrich Petroleum Corporation (ticker: GDP) announced that is has entered into a $250 million senior secured revolving credit agreement with JP Morgan Chase Bank, SunTrust Bank and SunTrust Robinson Humphrey, Inc. The Credit Facility has an initial borrowing base of $40 million and contains customary terms and conditions, including semi-annual borrowing base redeterminations. GDP

EnerCom’s Presenting Companies Gastar, Goodrich, and Gran Tierra Report for Q2

August 4, 2017

Three companies that will be presenting at EnerCom’s 22nd The Oil & Gas Conference® have reported financial and operational updates for the second quarter of 2017. Gastar Exploration Gastar Exploration (ticker: GST) indicated today that it averaged 6,100 BOEPD in production—a number that exceeded its guidance for the quarter. Liquids made up 73% of total production. The company’s president and

Goodrich Petroleum Strikes Debt Exchange Deal

September 3, 2015

Goodrich Petroleum (ticker: GDP) reorganized its debt structure on September 2, 2015 in an effort to enhance near-term liquidity. The terms, as explained in a company-issued news release, include replacing its initial loan of $55 million in 5% senior convertible notes due 2032 in exchange for $27.5 million in 5% senior convertible notes also due 2032. The new agreement carries

EnerCom’s 20th Anniversary The Oil & Gas Conference® Begins Aug. 16

August 3, 2015

North America’s Largest Energy-Focused Investor Conference Comes to Denver Aug. 16-20 Conference presenters are operating in more than 40 countries on six continents Enterprise values of presenting companies range from $160 billion to $9 million CNBC and Fox Business to broadcast live coverage from the conference The world’s oil and gas industry will showcase itself to investors in Denver in

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