Goodrich Petroleum Closes Public Offering Of Common Stock

          Goodrich Petroleum Closes Public Offering Of Common Stock

PR Newswire

HOUSTON, Oct. 21, 2013

HOUSTON, Oct. 21, 2013 /PRNewswire/ --Goodrich Petroleum Corporation (NYSE:
GDP) (the "Company") today announced that it has closed its previously
announced public offering of 6,900,000 shares of the Company's common stock at
$25.25 per share, which includes 900,000 shares of common stock purchased
pursuant to the full exercise of the underwriters' option to purchase
additional shares of common stock.

The Company intends to use the net proceeds from the offering of approximately
$165.9 million to fund the acceleration of its drilling program in the
Tuscaloosa Marine Shale ("TMS"), including an increase in its number of
horizontal rigs running in the TMS from two currently to five by the end of
2014.

Johnson Rice & Company L.L.C., RBC Capital Markets and Scotiabank / Howard
Weil acted as joint book-running managers for this offering. BMO Capital
Markets, Global Hunter Securities, IBERIA Capital Partners L.L.C., SunTrust
Robinson Humphrey and Stifel acted as senior co-managers and Capital One
Securities, KLR Group, MLV & Co., Simmons & Company International and U.S.
Capital Advisors acted as co-managers for the offering.

The offering was made only by means of a prospectus, forming a part of the
Company's effective shelf registration statement, related prospectus
supplement and other related documents. You may obtain these documents for
free by visiting EDGAR on the Securities and Exchange Commission website at
www.sec.gov. Alternatively, copies may be obtained from Johnson Rice &
Company L.L.C., Attn: Corporate Finance Department, 639 Loyola Avenue, Suite
2775, New Orleans, LA 70113, phone (800) 443-5924; RBC Capital Markets, Attn:
Equity Syndicate, Three World Financial Center, 200 Vesey Street, 8th Floor,
New York, NY 10281, phone (877) 822-4089; or Scotiabank / Howard Weil, Attn:
Equity Capital Markets, 165 Broadway, One Liberty Plaza, 25th Floor, New York,
NY 10006, phone (212) 225-6853.

This announcement is neither an offer to sell nor a solicitation of an offer
to buy any of these securities and shall not constitute an offer, solicitation
or sale in any jurisdiction in which such offer, solicitation or sale is
unlawful.

Certain statements in this news release regarding future expectations and
plans for future activities may be regarded as "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. They are subject to various
risks, such as financial market conditions, changes in commodities prices and
costs of drilling and completion, operating hazards, drilling risks, and the
inherent uncertainties in interpreting engineering data relating to
underground accumulations of oil and gas, as well as other risks discussed in
detail in the Company's Annual Report on Form 10-K for the year ended December
31, 2012 and other subsequent filings with the Securities and Exchange
Commission. Although the Company believes that the expectations reflected in
such forward-looking statements are reasonable, it can give no assurance that
such expectations will prove to be correct. Except as required by law, the
Company expressly disclaims any intention or obligation to revise or update
any forward-looking statements whether as a result of new information, future
events or otherwise.

Goodrich Petroleum is an independent oil and gas exploration and production
company listed on the New York Stock Exchange. The majority of its properties
are in Louisiana and Texas.

SOURCE Goodrich Petroleum Corporation

Website: http://www.goodrichpetroleum.com
Contact: Robert C. Turnham, Jr., President, Jan L. Schott, Chief Financial
Officer, +1-713-780-9494
 
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