Goodrich Petroleum Corp (GDP.N)
24 Dec 2014
|Market Cap (Mil.):||$219.06|
|Shares Outstanding (Mil.):||44.43|
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.
- Goodrich Petroleum Corp and Oasis Petroleum Inc said they expect to spend much less on exploration and production next year, joining a list of U.S. oil and gas companies cutting capital spending as oil prices plunge.
Dec 10 - Goodrich Petroleum Corp and Oasis Petroleum Inc said they expect to spend much less on exploration and production next year, joining a list of U.S. oil and gas companies cutting capital spending as oil prices plunge.
(Adds Goodrich Petroleum, Oasis Petroleum) Dec 10 - U.S. oil and gas producers are scaling back capital spending plans for 2015, following a sharp decline in oil prices over the past six months. ConocoPhillips said on Monday it would cut its 2015 capital budget by 20 percent, or about $3 billion, compared with this year, marking the biggest spending cut by a U.S. oil and gas company in dollar terms. Global crude prices have fallen by about 40 percent since June due to over
Dec 10 - Goodrich Petroleum Corp said it was exploring strategic options for all or a part of its Eagle Ford shale assets in South Texas to boost liquidity.
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