Goodrich Petroleum Corporation operates as an independent oil and natural gas company. The company engages in the exploration, development, and production of oil and natural gas on properties primarily in Southwest Mississippi and Southeast Louisiana, including the Tuscaloosa Marine Shale Trend (TMS); south Texas, including the Eagle Ford Shale Trend; and Northwest Louisiana and east Texas, including the Haynesville Shale. The company owns 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, consisted of 104.8 billion cubic feet of natural gas, 1.0 million barrels of natural gas liquids, and 27.1 million barrels of oil and condensate. Oil and Natural Gas Operations and Properties TMS As of December 31, 2014, the company acquired approximately 460,700 gross (327,500 net) lease acres in the TMS, an emerging oil shale play in Southwest Mississippi and Southeast Louisiana. During 2014, the company conducted drilling operations on 22 gross (16 net) wells and added 17 gross (12 net) wells to production in the TMS. Eagle Ford Shale Trend As of December 31, 2014, the company acquired or farmed-in leases totaling approximately 44,400 gross (29,900 net) lease acres. During 2014, the company conducted drilling operations on six gross (four net) wells in the Eagle Ford Shale Trend. Haynesville Shale Trend As of December 31, 2014, the company acquired or farmed-in leases totaling approximately 66,700 gross (37,400 net) acres in the Haynesville Shale. During 2014, the company conducted drilling operations on one gross (one net) well in the Angelina River Trend portion of its acreage position. The company’s Haynesville Shale drilling activities are located in leasehold areas in east Texas and Northwest Louisiana. Other As of December 31, 2014, the company maintained ownership interests in acreage and/or wells in various additional fields, including the Midway field in San Patricio County, Texas and the Garfield Unit in Kalkaska County, Michigan. Customers For the year ended December 31, 2014, the company’s major customers included BP Energy Company and Genesis Crude Oil LP. Environmental and Occupational Health and Safety Matters The company is subject to the requirements of the federal Occupational Safety and Health Act, as amended, and comparable state statutes that regulate the protection of the health and safety of workers. History Goodrich Petroleum Corporation, a Delaware corporation, was founded in 1995.
goodrich petroleum corp
(GDP:New York Consolidated)
Houston, TX 77002
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