Goodrich

Goodrich, Comstock Rolling Up Their Sleeves in Haynesville

Goodrich, Comstock Rolling Up Their Sleeves in Haynesville

For Goodrich Petroleum Corp. and Comstock Resources Inc., it’s all about a revitalized Haynesville Shale.

August 7, 2017
Goodrich to Acquire, Swap Acres in Haynesville; Sees First Production From Long-Lateral Well

Goodrich to Acquire, Swap Acres in Haynesville; Sees First Production From Long-Lateral Well

Goodrich Petroleum Corp. said it has agreed with an undisclosed party to acquire up to 2,200 net acres adjacent to its existing position in the Haynesville Shale in North Louisiana. It also announced completion results for a pair of operated, long-lateral wells targeting the play.

June 1, 2017

Goodrich, Linn Get New Stock Listings; Bonanza Creek to Exit Chapter 11 Soon

Six months after emerging from bankruptcy protection, common stock in Goodrich Petroleum Corp. began trading on the New York Stock Exchange (NYSE) on Tuesday. Meanwhile, common stock in Linn Energy Inc., which emerged from Chapter 11 in late February, began trading over-the-counter on the OTCQB market on Monday.

April 12, 2017

Briefs — Goodrich Petroleum

Goodrich Petroleum Corp. has participated in two Haynesville Shale wells in Caddo Parish, LA, that have reached a combined 24-hour peak rate to date of 72,000 Mcf/d. The company owns a 17.4% working interest in each of the wells, which came online in the middle of December. As previously announced, Goodrich has established a preliminary capital expenditure budget for 2017 of $40 million, which will be concentrated in the core of the Haynesville Shale in North Louisiana. The budget contemplates 12-16 gross (three to four net) wells for the year, with plans to commence drilling operations on the Wurtsbaugh 26-14-16 1 Alt well by early February. Goodrich said it has entered into a natural gas hedge through a costless collar of $3.00-3.60 for 12,000 Mcf/d for calendar year 2017.

January 17, 2017

Goodrich Emerges From Chapter 11 With Same Assets, Less Debt, New Board

Houston-based Goodrich Petroleum Corp. has emerged from bankruptcy protection with the same assets it had when it filed for Chapter 11 in April, but with reduced debt, a new board of directors and $40 million in new capital.

October 13, 2016

Goodrich Files Chapter 11, While Linn Holds Off Creditors For Another Month

Houston-based Goodrich Petroleum Corp. on Friday joined the ranks of U.S. energy firms that are unable to keep up with debt payments, filing to voluntarily restructure under Chapter 11. Meanwhile, Linn Energy LLC made some of its required interest payments, but it faces a steep financial hurdle over the coming month.

April 15, 2016

Goodrich Files Chapter 11, While Linn Holds Off Creditors For Another Month

Houston-based Goodrich Petroleum Corp. on Friday joined the ranks of U.S. energy firms that are unable to keep up with debt payments, filing to voluntarily restructure under Chapter 11. Meanwhile, Linn Energy LLC made some of its required interest payments, but it faces a steep financial hurdle over the coming month.

April 15, 2016

Goodrich Dropped from NYSE; Atlas MLPs Below Listing Standard

Trading in Houston’s Goodrich Petroleum Corp. common stock was suspended Wednesday by the New York Stock Exchange (NYSE) and a delisting process has begun for the onshore producer.

January 14, 2016
Goodrich Sells Some Eagle Ford, Retains Some For Better Times

Goodrich Sells Some Eagle Ford, Retains Some For Better Times

In a liquidity-boosting move, Goodrich Petroleum Corp. is selling Eagle Ford Shale proved reserves and leasehold in LaSalle and Frio counties in Texas for $118 million while retaining some acreage for potential development or sale later. The move was not cheered by analysts or investors.

July 27, 2015

Goodrich Might Sell Eagle Ford as It Focuses on TMS

Goodrich Petroleum Corp. is exploring the sale of potentially all of its Eagle Ford Shale assets while it plans to leverage drilling efficiencies and an improved frack design in the Tuscaloosa Marine Shale (TMS) next year. Meanwhile, hedging is providing some cover from crashing oil prices.

December 11, 2014