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Company Description

Contact Info

801 Louisiana

Suite 700

Houston, TX 77002

United States

Phone: 713-780-9494

Fax: 713-780-9254

Goodrich Petroleum Corporation, an independent oil and gas company, engages in the exploration, development, and production of oil and natural gas properties primarily in south Texas, northwest Louisiana, east Texas, southwest Mississippi, and southeast Louisiana. The company owns working interests in 392 producing oil and natural gas wells located in 32 fields in 8 states. As of December 31, 2012, the company had estimated proved reserves of approximately 333.1 billion cubic feet equivalent comprising 254.0 billion cubic feet of natural gas, 5.1 million barrels of natural gas liquids (NGLs), and 8.1 million barrels of oil and condensate. Oil and Natural Gas Operations and Properties Eagle Ford Shale Trend As of December 31, 2012, the company had acquired or farmed-in leases totaling approximately 53,500 gross (38,600 net) lease acres. During 2012, the company drilled 33 gross (22 net) oil wells. Tuscaloosa Marine Shale As of December 31, 2012, the company had acquired approximately 158,200 gross (134,200 net) lease acres in the Tuscaloosa Marine Shale Trend, an emerging oil shale play in East Feliciana, West Feliciana, St. Helena, Concordia and Washington parishes in southeast Louisiana and Wilkinson, Pike and Amite Counties in southwest Mississippi. During 2012, the company conducted drilling operations on 6 gross (2 net) and added to production 2 gross (0.5 net) Tuscaloosa Marine Shale wells. Haynesville Shale Trend As of December 31, 2012, the company had acquired or farmed-in leases totaling approximately 122,600 gross (78,900 net) acres in the Haynesville Shale. During 2012, the company drilled and completed six gross (three net) Haynesville Shale wells. The company’s Haynesville Shale drilling activities are located in five primary leasehold areas in east Texas and northwest Louisiana. Cotton Valley Taylor Sand As of December 31, 2012, the company had acquired or farmed-in leases totaling approximately 43,200 gross (38,300 net) lease acres in the Cotton Valley Taylor Sand Trend. During 2012, the company drilled and completed 1 gross (0.5 net) well. Other As of December 31, 2012, the company maintained ownership interests in acreage and/or wells in various additional fields, including the Midway field in San Patricio County, Texas and the Garfield Unit in Kalkaska County, Michigan. Drilling Activities As of December 31, 2012, the company had 20 gross (10 net) development wells and 2 gross (0.6 net) exploration wells in progress of being drilled or completed. Dispositions In September 2012, the company closed the sale of certain non-core natural gas properties in the South Henderson field in the Cotton Valley Taylor Sand Trend to Memorial Resource Development, L.L.C. Customers The company's major customers include BP Energy Company; Flint Hill Resources, LLC; and OGO Marketing LLC. History Goodrich Petroleum Corporation was founded in 1970.

 

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