Goodrich Petroleum Corporation Declares Preferred Dividend

HOUSTON, May 19 /PRNewswire-FirstCall/ -- The board of directors of Goodrich
Petroleum Corporation (NYSE: GDP) has declared a quarterly cash dividend of
$0.6719 per share on its 5.375% Series B Cumulative Convertible Preferred
Stock. The dividend will be paid on June 15, 2009 to stockholders of record as
of June 1, 2009.

Goodrich Petroleum Corporation is an independent exploration and production
company whose Common Stock is listed on the New York Stock Exchange under the
symbol GDP.

SOURCE Goodrich Petroleum Corporation

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