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Last $0.84 USD
Change Today +0.0046 / 0.55%
Volume 137.7K
As of 9:51 AM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

goodrich petroleum corp (GDP) Snapshot

Previous Close
Day High
Day Low
52 Week High
09/2/14 - $22.61
52 Week Low
08/26/15 - $0.56
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield

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goodrich petroleum corp (GDP) Details

Goodrich Petroleum Corporation, an independent oil and natural gas company, engages in the exploration, development, and production of oil and natural gas. The company holds interest in the Tuscaloosa Marine Shale located in southwest Mississippi and southeast Louisiana; the Eagle Ford Shale Trend located in South Texas; and the Haynesville Shale Trend in Northwest Louisiana and East Texas. It owns working interests in 260 producing oil and natural gas wells located in 43 fields in 8 states. As of December 31, 2014, the company had estimated proved reserves of approximately 273.7 billion cubic feet equivalent comprising 104.8 billion cubic feet of natural gas, 1.0 million barrels of crude oil or other liquid hydrocarbons (MMBbls) of natural gas liquids, and 27.1 MMBbls of oil and condensate. Goodrich Petroleum Corporation was founded in 1995 and is based in Houston, Texas.

79 Employees
Last Reported Date: 08/6/15
Founded in 1995

goodrich petroleum corp (GDP) Top Compensated Officers

Chairman of the Board, Chief Executive Office...
Total Annual Compensation: $515.0K
President, Chief Operating Officer and Execut...
Total Annual Compensation: $486.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $325.0K
Executive Vice President
Total Annual Compensation: $380.0K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: $307.0K
Compensation as of Fiscal Year 2014.

goodrich petroleum corp (GDP) Key Developments

Goodrich Petroleum Corporation Receives Continued Listing Standard Notice From NYSE

Goodrich Petroleum Corporation announced that on August 27, 2015, the New York Stock Exchange (the "NYSE") notified the Company that it is not in compliance with the continued listing standards set forth in Sections 802.01B and 802.01C of the NYSE Listed Company Manual. Specifically, the NYSE notified the Company that the average closing price per share of the Company's common stock over the preceding 30 trading-day period had fallen below the minimum average closing price required by Section 802.01C of $1.00 per share over a consecutive 30 trading-day period. Additionally, the NYSE notified the Company that the Company's average market capitalization for the prior 30 trading-day period is below $50 million, and the Company's stockholders' equity is less than $50 million, which are the NYSE minimum requirements under Section 802.01B. In compliance with NYSE procedures, the Company intends to notify the NYSE within ten business days of its intent to cure both deficiencies and return to compliance with the NYSE continued listing requirements. Under Section 802.01C (i.e., share price standard), the Company has six months following its receipt of the NYSE notice to regain compliance with the minimum share price requirement. The Company can regain compliance with Section 802.01C at any time during the six-month cure period if the Company's common stock has a closing share price of at least $1.00 and an average closing share price of at least $1.00 over the 30 trading-day period ending on the last trading day of that month or the last trading day of the cure period. To indicate the Company's desire and ability to regain compliance with Section 802.01B (i.e., market capitalization standard) within 18 months, the Company will submit a business plan to the NYSE within 45 days from its receipt of the NYSE notice. If the NYSE approves the Company's business plan, the Company's shares will continue to be listed and traded on the NYSE during the 18-month cure period, subject to its compliance with other NYSE continued listing standards. There is no immediate impact on the listing of the Company's common stock, which will continue to trade on the NYSE, subject to the Company's compliance with other listing standards, under the symbol "GDP" but with the added designation of ".bc" to indicate the Company's "below compliance" status. The Company will continue to work directly with the NYSE to ensure the NYSE is aware of the Company's progress.

Goodrich Petroleum Suspends Third Quarter of 2015 Dividend on Series B, C & D Preferred Stock

Goodrich Petroleum reported the suspension of the quarterly dividends on its 5.375% Series B Cumulative convertible preferred stock, its 10.00% Series C cumulative preferred stock as well on its 9.75% Series D cumulative preferred stock for the quarter ending 30 September 2015. Any unpaid dividends on the Series B, Series C and Series D, including the unpaid dividends for the quarter ended 3o September 2015 and any future unpaid dividends, will accumulate. Following non payment of dividends on its Series B, Series C and Series D for six quarterly periods (whether consecutive or non-consecutive), the holders of each series of preferred stock will have the right to elect two additional directors to serve on the company's board of directors until all accumulated and unpaid dividends are paid in full. The dividend rate per annum on the Series B will be increased 1% per annum until all accumulated and unpaid dividends are paid in full.

Goodrich Petroleum Corporation Appoints Robert C. Turnham as Senior Vice President and Chief Financial Officer Replacing Jan Schott

Goodrich Petroleum Corporation announced that Jan Schott, its Senior Vice President and Chief Financial Officer, has resigned to take a financial position with a private company. Ms. Schott will remain with the Company through early September to assist the company during the initial transition phase. Robert C. Turnham, Jr., the Company's President and Chief Operating Officer, will assume the role as interim-CFO while the Company conducts a search.


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