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Goodrich Petroleum Corp.

Company Summary

Description

Goodrich Petroleum Corporation is an independent exploration and production company engaged in the exploitation, development and production of natural gas and crude oil primarily in the Haynesville Shale in North Louisiana and East Texas, the oil window of the Eagle Ford Shale trend in South Texas and the Tuscaloosa Marine Shale ("TMS") in Eastern Louisiana and Southwestern Mississippi.

Website

https://www.goodrichpetroleum.com/

Operational Regions

  • Eagle Ford
  • Tuscaloosa Marine Shale
  • Haynesville-Bossier Shale

Financial Data:

NYSE:GDP from Google Finance

Tickers:

  • GDP - New York Stock Exchange

Recent news

  • 11/22/2021 - EnCap-Backed Paloma... (subscriber access)
  • 11/4/2021 - Goodrich Petroleum... (subscriber access)
  • 9/2/2021 - Goodrich Petroleum... (subscriber access)
  • 9/2/2021 - Goodrich Petroleum... (subscriber access)
  • 5/7/2021 - Cenovus Reports 1Q21... (subscriber access)

Investor Presentations

  • 1Q21 Earnings Presentation
  • 4Q20 Earnings Presentation (subscriber access)
  • 4Q19 Investor Presentation (subscriber access)
  • 3Q19 Investor Presentation (subscriber access)
  • 2Q19 Investor Presentation (subscriber access)
  • 1Q19 Investor Presentation (subscriber access)
  • 4Q18 Presentation (subscriber access)
  • 2Q18 Investor Presentation (subscriber access)
  • 1Q18 Investor Presentation (subscriber access)
  • YE17 Earnings Call Slides (subscriber access)
  • EnerCom Dallas Presentation - February 2018 (subscriber access)
  • 3Q17 Investor Presentation (subscriber access)
  • 2Q17 Earnings Presentation (subscriber access)
  • 4Q16 Earnings Call Slides (subscriber access)

Company Transactions

Date: 12/31/2021
Type: Acquisition

DETAILS:

COST: 430 $MM

VOLUMES: 180 Mmcfe/d

ACRES: 70300 Acres

NOTES:
Goodrich Petroleum has entered into a merger agreement with Paloma Partners VI Holdings, which is a private firm backed by EnCap Energy Capital Fund XI. Paloma will acquire all outstanding Goodrich shares at $23/share in cash for a total of $480 million. The deal is expected to close in December 2021, after which Goodrich will become a privately held company.
REGIONS:
  • Haynesville-Bossier Shale
  • Tuscaloosa Marine Shale
  • Eagle Ford
  • Date: 9/2/2021
    Type: Acquisition

    DETAILS:

    COST: 1.5 $MM

    VOLUMES: 2 Mmcf/d

    ACRES: 4500 Acres

    NOTES:
    Goodrich Petroleum has purchased eight wells in the Haynesville with 2 Mmcf/d in production along with 4,500 net acres in the region. They signed the deal for $1.5 million, including the obligation to drill eight wells over a four year period.
    REGIONS:
  • Haynesville-Bossier Shale
  • Date: 6/15/2018
    Type: Acquisition

    DETAILS:

    COST: 3.3 $MM

    REGIONS:
  • Tuscaloosa Marine Shale
  • Date: 3/1/2018
    Type: Acquisition

    NOTES:
    Goodrich Petroleum has closed on the sale of production, facilities, infrastructure and acreage in the Angelina River Trend to BP America Production Company.
    REGIONS:
  • East Texas/Louisiana
  • Date: 10/18/2017
    Type: Acquisition

    DETAILS:

    VOLUMES: 25.5 Bcfe

    ACRES: 900 Acres

    NOTES:
    Goodrich Petroleum has entered into an acreage swap in the Haynesville Shale of Northern Louisiana. The deal includes a swap of 900 acres in the Metcalf area of central Caddo Parish, LA for a matching amount in the Bethany-Longstreet area of southern Caddo Parish.
    REGIONS:
  • Haynesville-Bossier Shale
  • Date: 6/14/2017
    Type: Acquisition

    DETAILS:

    ACRES: 600 Acres

    REGIONS:
  • Haynesville-Bossier Shale
  • Date: 6/1/2017
    Type: Acquisition

    DETAILS:

    ACRES: 2200 Acres

    NOTES:
    The acreage will be acquired with no up front cash, rather Goodrich will acquire it through the drilling and completion of wells.
    REGIONS:
  • Haynesville-Bossier Shale