Goodrich Petroleum Announces Haynesville Shale Well Results

HOUSTON, May 18 /PRNewswire-FirstCall/ -- Goodrich Petroleum Corporation
(NYSE: GDP) today announced results on three Haynesville Shale wells.

The Company has completed its initial horizontal Haynesville Shale well in
East Texas, the J.K. Williams 7H, which tested at a rate of 7.0 MMcf per day
on a 34/64 inch choke with 2,800 psi. The well is located in the Company's
Beckville/Minden area of Panola County, Texas. Goodrich is operator and owns a
100% working interest in the well.

The Company has also completed two additional Haynesville Shale wells in the
Bethany-Longstreet field of Caddo and DeSoto Parishes, Louisiana. The
Chesapeake Energy - Branch 2H-1 tested at a rate of 14.3 MMcf per day on an
18/64 inch choke with 6,750 psi, and the Chesapeake Energy - ROTC 1H-1 tested
at a rate of 14.1 MMcf per day on an 18/64 inch choke with 7,150 psi. The
Company owns a 50% working interest in both wells.

OTHER INFORMATION

Certain statements in this news release regarding future expectations and
plans for future activities may be regarded as "forward looking statements"
within the meaning of the Securities Litigation Reform Act. They are subject
to various risks, such as financial market conditions, operating hazards,
drilling risks, and the inherent uncertainties in interpreting engineering
data relating to underground accumulations of oil and gas, as well as other
risks discussed in detail in the Company's Annual Report on Form 10-K and
other filings with the Securities and Exchange Commission. Although the
Company believes that the expectations reflected in such forward-looking
statements are reasonable, it can give no assurance that such expectations
will prove to be correct. Initial production rates are subject to decline
over time and should not be regarded as reflective of sustained production
levels.

Goodrich Petroleum is an independent oil and gas exploration and production
company listed on the New York Stock Exchange. The majority of its properties
are in Louisiana and Texas.

SOURCE Goodrich Petroleum Corporation

Robert C. Turnham, President, or David R. Looney, Chief Financial Officer,
both of Goodrich Petroleum Corporation, +1-713-780-9494, or fax,
+1-713-780-9254