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Goodrich Petroleum Corp (GDP.N)

GDP.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Goodrich Petroleum says restructuring support agreement terminated
Thursday, 26 May 2016 04:02pm EDT 

Goodrich Petroleum Corp : Restructuring support agreement was terminated automatically as assumption order approving RSA was not entered by bankruptcy court . RSA was not entered by bankruptcy court within thirty-five days of petition date .Intends to continue negotiations with debt holders to reach agreement on terms of restructuring its outstanding indebtedness.  Full Article

Goodrich Petroleum Corporation announces hiring of Joseph T. Leary as Interim Chief Financial Officer
Monday, 19 Oct 2015 06:00am EDT 

Goodrich Petroleum Corporation:Says has hired Joseph T. Leary as its Interim Chief Financial Officer.  Full Article

Goodrich Petroleum Corporation announces resignation of chief financial officer
Wednesday, 19 Aug 2015 06:00pm EDT 

Goodrich Petroleum Corporation:Jan Schott, its Senior Vice President and Chief Financial Officer, has resigned to take financial position with private company.Schott will remain with Company through early September to assist Company during the initial transition phase.Robert C. Turnham, Company's President and Chief Operating Officer, will assume role as interim-CFO while the Company conducts a search.  Full Article

Goodrich Petroleum Corp gives Q3 2015 production guidance; lowers FY 2015 production guidance
Wednesday, 5 Aug 2015 07:00am EDT 

Goodrich Petroleum Corp:Previously issued FY 2015 production guidance of an average of 4,800 - 5,200 barrels of oil and 23,000 - 26,000 Mcf of natural gas per day.When factoring in sale of Eagle Ford Shale production and proved reserves as well as completion deferrals in TMS, Q3 2015 production is expected to average about 4,000 - 4,300 barrels per day and FY 2015 oil production is expected to be lower by 15 - 20 pct. from previous guidance.Natural gas production, when factoring in sale of the Eagle Ford production and proved reserves, is expected to average about 20,500 - 22,500 Mcf per day in Q3 2015 and be lower by 10 - 15 pct. for FY 2015 versus previous guidance.  Full Article

Goodrich Petroleum Corporation announces sale of proved reserves and portion of leasehold in Eagle Ford shale
Monday, 27 Jul 2015 06:00am EDT 

Goodrich Petroleum Corporation:Announces sale of proved reserves and portion of leasehold in the Eagle Ford shale.Deal for $118 million.Expects to book a gain of about $50-60 million on the sale at closing after factoring in customary closing adjustments.Says company plans to pay off its bank revolver and retain the difference in cash from the sales proceeds.Asset being sold produced average of about 2,850 barrels of oil equivalent per day during the first quarter of 2015.Says company is retaining about fifty-eight percent of undeveloped leasehold in play for future development or sale.  Full Article

Goodrich Petroleum Corporation appoints new chairman of the board
Wednesday, 3 Jun 2015 07:00am EDT 

Goodrich Petroleum Corporation:On May 29, appoints Walter G. Gil Goodrich to the position of Chairman of Board of Directors, replacing Patrick E. Malloy, III who retired on May 11.Goodrich has served as Vice Chairman of the Board since 2003 and as the Company's Chief Executive Officer and a Director since 1995.  Full Article

Goodrich Petroleum Corporation declares series B, C & D preferred dividends
Monday, 1 Jun 2015 09:28am EDT 

Goodrich Petroleum Corporation:Declares a quarterly cash dividend of $0.6719 per share on its 5.375% Series B Cumulative Convertible Preferred Stock, with dividends to be paid on June 15 to stockholders of record as of June 1.Also declared a quarterly cash dividend of $0.625 per depositary share on its 10.00% Series C Cumulative Preferred Stock.Also quarterly cash dividend of $0.609375 per depositary share on its 9.75% Series D Cumulative Preferred Stock.Both payable on June 15 to stockholders of record as of June 12.  Full Article

Goodrich Petroleum Corp chairman Patrick E. Malloy III to retire
Monday, 11 May 2015 09:25am EDT 

Goodrich Petroleum Corp:Says retirement of Chairman of Board of Directors Patrick E. Malloy, III due to health reasons.  Full Article

Goodrich Petroleum Corp gives Q2 2015 production guidance
Wednesday, 6 May 2015 06:00am EDT 

Goodrich Petroleum Corp:Anticipates Q2 2015 producing between 4,250 - 4,650 Bbls/d of oil and 22,500 - 26,500 Mcf/d of natural gas.The company reaffirms FY 2015 production guidance of 4,800 - 5,200 Bbls/d of oil and 23,000 - 26,000 Mcf/d of natural gas.  Full Article

Goodrich Petroleum Corp closes senior secured note offering
Thursday, 12 Mar 2015 04:01pm EDT 

Goodrich Petroleum Corp:Closed its previously said offering of $100 mln aggregate principal amount of 8% senior secured notes issued at par due 2018.Net proceeds from offering totaled about $98 mln.Intends to use net proceeds to repay borrowings under its credit facility and for general corporate purposes.  Full Article