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Last $3.28 USD
Change Today -0.22 / -6.29%
Volume 3.0M
GDP On Other Exchanges
New York
As of 8:04 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

goodrich petroleum corp (GDP) Snapshot

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Day High
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52 Week High
06/2/14 - $30.52
52 Week Low
01/30/15 - $2.35
Market Cap
Average Volume 10 Days
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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.

105 Employees
Last Reported Date: 03/2/15
Founded in 1995

goodrich petroleum corp (GDP) Top Compensated Officers

Executive Vice Chairman, Chief Executive Offi...
Total Annual Compensation: $478.4K
President, Chief Operating Officer and Execut...
Total Annual Compensation: $452.4K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $291.2K
Executive Vice President
Total Annual Compensation: $353.6K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: $286.0K
Compensation as of Fiscal Year 2013.

goodrich petroleum corp (GDP) Key Developments

Goodrich Petroleum Corp. Completes 8% Senior Secured Notes at Par Due on 2018

Goodrich Petroleum Corp. reported that it has closed its previously announced offering of $100 million aggregate principal amount of 8% senior secured notes issued at par due 2018. Net proceeds from the offering totaled approximately $98 million. In a release on March 12, the company noted that it intends to use the net proceeds from the offering to repay borrowings under its credit facility and for general corporate purposes.

Goodrich Petroleum Corp. Declares Series B, C & D Preferred Dividends, Payable on March 16, 2015

The board of directors of Goodrich Petroleum Corporation declared a quarterly cash dividend of $0.6719 per share on its 5.375% Series B Cumulative Convertible Preferred Stock, with dividends to be paid on March 16, 2015 to stockholders of record as of March 2, 2015. In addition, the Board has also declared a quarterly cash dividend of $0.625 per depositary share on its 10.00% Series C Cumulative Preferred Stock, and a quarterly cash dividend of $0.609375 per depositary share on its 9.75% Series D Cumulative Preferred Stock to be paid on March 16, 2015 to stockholders of record as of March 13, 2015.

Goodrich Petroleum Corp. Enters into the Thirteenth Amendment to the Company's Senior Credit Agreement

Goodrich Petroleum Corp. announced that on February 26, 2015, the Company entered into the Thirteenth Amendment to the Company's Senior Credit Agreement. The Amendment includes the following key elements: reduces the borrowing base to $200 million on February 26, 2015; on the earlier of (i) April 1, 2015 and (ii) the funding of the $100 million of the Second Lien Notes, borrowing base will be reduced to $150 million; the next regularly scheduled redetermination of borrowing base will occur on October 1, 2015; extends the maturity date of the Senior Credit Agreement to February 24, 2017; eliminates the Company's current Total Debt to EBITDAX covenant and replaces it with a Total Secured Debt to EBITDAX covenant of 2.50x (Total Secured Debt is defined as first and second lien debt and certain other indebtedness secured by a lien on and subsidiaries' property); and revises Minimum Interest Coverage Ratio to 2.00x.


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