Last $24.26 USD
Change Today -0.08 / -0.33%
Volume 1.8M
GDP On Other Exchanges
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Exchange
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As of 8:04 PM 04/16/14 All times are local (Market data is delayed by at least 15 minutes).

goodrich petroleum corp (GDP) Snapshot

Open
$25.06
Previous Close
$24.34
Day High
$25.11
Day Low
$23.91
52 Week High
10/8/13 - $28.55
52 Week Low
06/21/13 - $11.16
Market Cap
1.1B
Average Volume 10 Days
3.3M
EPS TTM
$-2.78
Shares Outstanding
44.3M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for GOODRICH PETROLEUM CORP (GDP)

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goodrich petroleum corp (GDP) Details

Goodrich Petroleum Corporation, an independent oil and natural gas company, is engaged in the exploration, development, and production of oil and natural gas. The company holds interest in the Eagle Ford Shale Trend located in South Texas; the Haynesville Shale and Cotton Valley Taylor Sand in northwest Louisiana and East Texas; and the Tuscaloosa Marine Shale located in southwest Mississippi and southeast Louisiana. It owns working interests in 436 producing oil and natural gas wells located in 44 fields in 8 states. As of December 31, 2013, the company had estimated proved reserves of approximately 452.2 billion cubic feet equivalent of natural gas, 6.3 million barrels of crude oil or other liquid hydrocarbons (MMBbls) of natural gas liquids, and 14.1 MMBbls of oil and condensate. Goodrich Petroleum Corporation was founded in 1995 and is headquartered in Houston, Texas.

103 Employees
Last Reported Date: 02/21/14
Founded in 1995

goodrich petroleum corp (GDP) Top Compensated Officers

Chief Executive Officer, Non-Independent Exec...
Total Annual Compensation: $478.4K
President, Chief Operating Officer and Non-In...
Total Annual Compensation: $452.4K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $291.2K
Executive Vice President
Total Annual Compensation: $353.6K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: $286.0K
Compensation as of Fiscal Year 2012.

goodrich petroleum corp (GDP) Key Developments

Goodrich Petroleum Corporation Announces Tuscaloosa Marine Shale Well Result and Operational Update

Goodrich Petroleum Corporation announced the completion of its Blades 33H-1 (66.7% WI) well in Tangipahoa Parish, Louisiana. The well has achieved a peak 24-hour average production rate to date of 1,270 barrels of oil equivalent (BOE) per day, comprised of 1,250 barrels of oil and 115 Mcf of gas on a 14/64 inch choke from an approximate 5,000 foot lateral. The well landed in the company's lower target, was drilled and completed under budget and was fracked with 20 stages using composite plugs that were drilled out prior to flow back. The company's completion methodology was slightly modified from previously completed wells. The well was drilled on a portion of the 185,000 net acres acquired in August 2013 and is approximately 48 miles southeast from the company operated Crosby 12H-1 well in Wilkinson County, Mississippi and five miles east of a horizontal well previously drilled on the acquired acreage. The company has drilled its C.H. Lewis 30-19H-1 (81.4% WI) well in Amite County, Mississippi in 36 days, with approximately 6,600 feet of usable lateral. The well landed in the company's lower target and has 26 planned frac stages using the company's modified completion design. Fracking operations are expected to commence by the end of April 2014. The company is currently drilling the Nunnery 12-1H-1 (91.2% WI) well in Amite County Mississippi, the Beech Grove 94H-1 (66.7% WI) well in East Feliciana Parish, Louisiana and the SLC Inc. 81H-1 (66.7% WI) well in West Feliciana Parish, Louisiana. All wells are planned to be drilled in the lower target with a minimum of 6,000 foot laterals and use the modified completion design. The company has in excess of 300,000 net acres and three rigs running currently in the play, with the plan to go to five rigs by the end of the year pending continued success.

Goodrich Petroleum Corporation Appoints Robert Barker as Controller and Principal Accounting Officer

On March 26, 2014, the board of directors of Goodrich Petroleum Corporation appointed Robert Barker, to the position of Controller and Principal Accounting Officer. Until his current appointment, Mr. Barker served as the company's Director of Corporate Accounting and Financial Reporting since December, 2012, prior to which he served as Manager, Financial Reporting since June, 2007.

Goodrich Petroleum Corp. Announces Results of CMR 8-5H-1 Well in Amite County, Mississippi

Goodrich Petroleum Corporation announced the completion of its CMR 8-5H-1 (100% WI) well in Amite County, Mississippi. The well has achieved a peak 24-hour average production rate to date of 950 barrels of oil equivalent ("BOE") per day, comprised of 900 barrels of oil and 300 Mcf of gas, and has produced an average of approximately 900 BOE per day over six days. The well, which landed in the Company's lower target, has approximately 5,300 feet of lateral and was fracked with 20 stages using composite plugs that were drilled out prior to flow back. The company also announced an update on its Weyerhaeuser 51-H-1 (66.7% WI) well in St. Helena Parish, Louisiana. As previously reported, the well has experienced mechanical issues and the company did not get all of the permanent frac plugs drilled out. The well is in the early stage of flow back and based on flowing pressure and fluid rates, the company does not expect peak rate for the well to be as high as previously drilled wells. The company is currently fracking its Blades 33H-1 (66.7%) well in Tangipahoa Parish, Louisiana. The Blades 33H-1 well was drilled to total depth in 36 days, landed in the Company's lower target and has a lateral length of approximately 5,100 feet. The Company is using composite plugs with plans to drill them out prior to flow back, similar to the CMR 8-5H-1 well. The company is currently drilling the C.H. Lewis 30-19H-1 (81.4% WI) and Nunnery 12-1H-1 (91.2% WI) wells in Amite County, Mississippi, as well as the Beech Grove 94H-1 (66.7% WI) well in East Feliciana Parish, Louisiana. All wells are planned for 6,000 foot laterals or greater in the lower target and will use composite frac plugs to be drilled out prior to flow back.

 

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Price/Sales 5.1x
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Price/Cash Flow 26.8x
TEV/Sales 2.7x
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