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Goodrich Petroleum Corporation Announces 2017 Preliminary Capital Expenditure Budget

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Stockminder   Wednesday, 12/21/16 03:42:09 PM
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Goodrich Petroleum Corporation Announces 2017 Preliminary Capital Expenditure Budget

Dec 20, 2016

HOUSTON, Dec. 20, 2016 /PRNewswire/ -- Goodrich Petroleum Corporation (OTCQX: GDPP) ("Goodrich Petroleum" or the "Company") today announced that its Board of Directors has approved a preliminary capital expenditure budget for 2017 of $40 million, which will be concentrated in the core of the Haynesville Shale play in North Louisiana. The Company's budget, which will be monitored quarterly and subject to change, contemplates 12-16 gross (3-4 net) wells utilizing new completion techniques that are generating superior results.

About Goodrich Petroleum Corporation

Goodrich Petroleum is an independent oil and gas exploration and production company headquartered in Houston, Texas, with assets in the Haynesville Shale, Eagle Ford Shale and Tuscaloosa Marine Shale. For more information, visit the Company's website at www.goodrichpetroleum.com.

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