Key Developments: Goodrich Petroleum Corp (GDP)

GDP on New York Consolidated

5.37USD
19 Dec 2014
Price Change (% chg)

$0.46 (+9.37%)
Prev Close
$4.91
Open
$4.95
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$5.39
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$4.77
Volume
7,737,585
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3,225,678
52-wk High
$30.52
52-wk Low
$2.96

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Latest Key Developments (Source: Significant Developments)

Goodrich Petroleum Corp Declares Series B, C & D Preferred Dividends
Monday, 10 Nov 2014 06:00am EST 

Goodrich Petroleum Corp:Declared a quarterly cash dividend of $0.6719 per share on its 5.375 pct Series B Cumulative Convertible Preferred Stock.A quarterly cash dividend of $0.625 per depositary share on its 10.00 pct Series C Cumulative Preferred Stock.A quarterly cash dividend of $0.609375 per depositary share on its 9.75 pct Series D Cumulative Preferred Stock.Each of the dividends will be paid on Dec. 15 to stockholders of record as of Dec. 1.  Full Article

Goodrich Petroleum Corp gives Q4 2014 production outlook
Tuesday, 4 Nov 2014 07:02am EST 

Goodrich Petroleum Corp:Expects Q4 2014 oil production to average 5,700 -- 6,300 Bbls/day.Q4 2014 producing of natural gas 32,000 - 35,000 Mcf/day.  Full Article

Goodrich Petroleum declares Series B, C & D preferred dividends
Thursday, 21 Aug 2014 06:00am EDT 

Goodrich Petroleum Corp:Declared a quarterly cash dividend of $0.6719 per share on its 5.375 pct Series B Cumulative Convertible Preferred Stock.A quarterly cash dividend of $0.625 per depositary share on its 10.00 pct Series C Cumulative Preferred Stock.A quarterly cash dividend of $0.609375 per depositary share on its 9.75 pct Series D Cumulative Preferred Stock.Each of the dividends will be paid on Sept. 15 to stockholders of record as of Sept. 2.  Full Article

Goodrich Petroleum declares Series B, C & D preferred dividends
Thursday, 22 May 2014 06:00am EDT 

Goodrich Petroleum Corp:Declares a quarterly cash dividend of $0.6719 per share on 5.375pct Series B Cumulative Convertible Preferred Stock.A quarterly cash dividend of $0.625 per depositary share on 10.00pct Series C Cumulative Preferred Stock.A quarterly cash dividend of $0.609375 per depositary share on 9.75pct Series D Cumulative Preferred Stock.Payable on June 16 to stockholders of record as of June 2.  Full Article

Goodrich Petroleum Corp gives Q2 2014 production guidance
Tuesday, 6 May 2014 06:00am EDT 

Goodrich Petroleum Corp:Anticipates producing between 4,200-4,500 Bbls/d of oil and 43,000-46,000 Mcf/d of natural gas during Q2 2014.  Full Article

Goodrich Petroleum Corp declares series b, c & d preferred dividends
Thursday, 20 Feb 2014 06:00am EST 

Goodrich Petroleum Corp:Declares a quarterly cash dividend of $0.6719 per share on its 5.375 pct Series B Cumulative Convertible Preferred Stock.Says quarterly cash dividend of $0.625 per depositary share on its 10.00 pct Series C Cumulative Preferred Stock.Says quarterly cash dividend of $0.609375 per depositary share on its 9.75 pct Series D Cumulative Preferred Stock.Says each of the dividends will be paid on Mar. 17 to stockholders of record as of Mar. 3.  Full Article

Goodrich Petroleum Corp gives Q1 2014 production outlook
Wednesday, 19 Feb 2014 04:22pm EST 

Goodrich Petroleum Corp:Expects Q1 2014 production between 3,800 -- 4,200 Bbls/d of oil and 48,000 -- 50,000 Mcf/d of natural gas.  Full Article

Goodrich Petroleum Corp Declares Series B, C & D Preferred Dividends
Friday, 22 Nov 2013 07:00am EST 

Goodrich Petroleum Corp announced that it has declared a quarterly cash dividend of $0.6719 per share on its 5.375% Series B Cumulative Convertible Preferred Stock, a quarterly cash dividend of $0.625 per depositary share on its 10.00% Series C Cumulative Preferred Stock, and a cash dividend of $0.78542 per depositary share on its 9.75% Series D Cumulative Preferred Stock, which has accumulated since August 19, 2013. Each of the dividends will be paid on December 16, 2013 to stockholders of record as of December 2, 2013. The quarterly cash dividend on the Series D preferred stock, subsequent to the first cash dividend paid on December 16, 2013, will be $0.609375 per depository share.  Full Article

Goodrich Petroleum Corp Closes Public Offering Of Common Stock
Monday, 21 Oct 2013 10:39am EDT 

Goodrich Petroleum Corp announced that it has closed its previously announced public offering of 6,900,000 shares of the Company's common stock at $25.25 per share, which includes 900,000 shares of common stock purchased pursuant to the full exercise of the underwriters' option to purchase additional shares of common stock. The Company intends to use the net proceeds from the offering of approximately $165.9 million to fund the acceleration of its drilling program in the Tuscaloosa Marine Shale (TMS), including an increase in its number of horizontal rigs running in the TMS from two currently to five by the end of 2014. Johnson Rice & Company L.L.C., RBC Capital Markets and Scotiabank / Howard Weil acted as joint book-running managers for this offering. BMO Capital Markets, Global Hunter Securities, IBERIA Capital Partners L.L.C., SunTrust Robinson Humphrey and Stifel acted as senior co-managers and Capital One Securities, KLR Group, MLV & Co., Simmons & Company International and U.S. Capital Advisors acted as co-managers for the offering.  Full Article

Goodrich Petroleum Corp Prices Public Offering Of Common Stock
Tuesday, 15 Oct 2013 08:57pm EDT 

Goodrich Petroleum Corp announced the pricing of its public offering of 6,000,000 shares of the Company's common stock at $25.25 per share. In connection with the offering, the Company granted the underwriters a 30-day option to purchase up to an additional 900,000 shares of common stock to cover over-allotments. The offering is expected to settle and close on October 21, 2013, subject to customary closing conditions. The Company estimates that the net proceeds from the offering will be approximately $144.2 million, after deducting underwriting commissions and expenses (or approximately $165.9 million, if the underwriters exercise their over-allotment option in full). The Company intends to use the net proceeds from the offering to fund the acceleration of its drilling program in the Tuscaloosa Marine Shale (TMS), including an increase in its number of horizontal rigs running in the TMS from two currently to five by the end of 2014. Johnson Rice & Company L.L.C., RBC Capital Markets and Scotiabank / Howard Weil are acting as joint book-running managers for this offering. BMO Capital Markets, Global Hunter Securities, IBERIA Capital Partners L.L.C., SunTrust Robinson Humphrey and Stifel are acting as senior co-managers and Capital One Southcoast, KLR Group, MLV & Co., Simmons & Company International and U.S. Capital Advisors are acting as co-managers for the offering.  Full Article

Pain looms for some US energy firms as banks reassess credit

HOUSTON - Banks are responding to tumbling crude prices by trimming the value of oil reserves tied to credit lines, possibly causing a cash crunch for some highly-leveraged U.S. exploration and production firms.

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