Goodrich Petroleum Announces Tuscaloosa Marine Shale ("TMS") Well Result And Operational Update

 Goodrich Petroleum Announces Tuscaloosa Marine Shale ("TMS") Well Result And
                              Operational Update

PR Newswire

HOUSTON, June 2, 2014

HOUSTON, June 2, 2014 /PRNewswire/ --Goodrich Petroleum Corporation (NYSE:
GDP) today announced the completion of its C.H. Lewis 30-19H-1 (81.4% WI) well
in Amite County, Mississippi. The well has achieved a peak 24-hour average
production rate to date of 1,450 barrels of oil equivalent ("BOE") per day,
comprised of 1,387 barrels of oil and 377 Mcf of gas on a 16/64 inch choke
from an approximate 6,600 foot lateral. The well landed in the Company's lower
target and was completed with 26 frac stages.

The Company has fracked, drilled out the frac plugs and commenced flowback on
its Nunnery 12-1H-1 (93.3% WI) well in Amite County Mississippi, with results
expectedinJune. The Nunnery well is an approximate 6,000 foot lateral with
22 frac stages. In addition, the Company will commence fracking operations on
its Beech Grove 94H-1 (66.7% WI) well in East Feliciana Parish, Louisiana this
week, with results expectedby the end ofJune. The Beech Grove well was
drilled with an approximate 6,000 foot lateral and has 21 planned frac stages.

The Company is currently drilling the SLC, Inc. 81H-1 (66.7% WI) well in West
Feliciana Parish, Louisiana, the Bates 25-24H-1 (97.6% WI) and the Denkmann
33-28H-2 (75% WI) wells in Amite County, Mississippi and the CMR-Foster Creek
24-13H-1 (84.7% WI) well in Wilkinson County, Mississippi. The Company is
temporarily running four rigs as it is in the process of swapping out the
oldest rig for a newer, more technologically advanced rig, with plans to go to
as many as five rigs by the end of the year pending continued success.

The Company has in excess of 300,000 net acres in the play.

A copy of the latest corporate presentation is available on the Company's
website at www.goodrichpetroleum.com.

OTHER INFORMATION

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 the Securities Litigation Reform Act. 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 and other
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.

Initial production rates are subject to decline over time and should not be
regarded as reflective of sustained production levels. In particular,
production from horizontal drilling in shale oil and gas resource plays and
tight oil and gas plays that are stimulated with extensive pressure fracturing
are typically characterized by significant early declines in production rates.

Goodrich Petroleum is an independent oil and gas exploration and production
company listed on the New York Stock Exchange.

SOURCE Goodrich Petroleum Corporation

Website: http://www.goodrichpetroleum.com/
Contact: Robert C. Turnham, President; Jan L. Schott, Chief Financial Officer;
Daniel E. Jenkins, Director of Investor Relations, Main: (713) 780-9494, Fax:
(713) 780-9254
 
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