Jump to content

GDP / Goodrich Petroleum : a volatile Oil Play

Recommended Posts

GDP / Goodrich Petroleum : a volatile Oil Play


GDP vs. OilB/ Brent ... update : GDP-5yrs : 12mos : 6mos : 10d : Latest: $2.82 / low-of-yr: $ 2.35






Goodrich Petroleum Corporation is an independent exploration and production company engaged in the exploitation, development and production of crude oil and natural gas primarily in the Tuscaloosa Marine Shale (“TMS”) in Eastern Louisiana and Southwestern Mississippi, the oil-window of the Eagle Ford Shale trend in South Texas and the Haynesville Shale in Northeast Texas and Northwest Louisiana. Due to the current natural gas price environment, we are concentrating the vast majority of our exploitation and development efforts on existing leased acreage, primarily within the Tuscaloosa Marine and Eagle Ford Shale formations, that are both prospective for crude oil. The Company owns working interests in 436 producing oil and natural gas wells located in 44 fields in eight states.

At December 31, 2013, we had estimated proved reserves of approximately 452.2 Bcfe, comprised of 329.6 Bcf of natural gas, 6.3 MMBbls of NGLs and 14.1 MMBbls of crude oil and condensate. Goodrich Petroleum Corporation is publically traded and listed on the New York Stock Exchange under the ticker GDP.


GDP Website :: http://www.goodrichpetroleum.com/

Presentations :: http://goodrichpetroleum.investorroom.com/events-and-presentations#past:2015:3

Link to comment
Share on other sites

Goodrich Petroleum Closes Public Offering Of Common Stock

HOUSTON, March 10, 2015 /PRNewswire/ -- Goodrich Petroleum Corporation GDP, +1.58% (the "Company") today announced that it has closed its previously announced public offering of 12,000,000 shares of the Company's common stock at $4.15 per share. Gross proceeds from the offering totaled approximately $49.8 million. The Company intends to use the net proceeds from the offering to repay borrowings under its credit facility and for general corporate purposes.

J.P. Morgan Securities LLC acted as sole book-running manager for the offering.
Goodrich Petroleum is an independent oil and natural gas exploration and production company listed on the New York Stock Exchange.
To view the original version

on PR Newswire, visit:http://www.prnewswire.com/news-releases/goodrich-petroleum-closes-public-offering-of-common-stock-300047947.html

Link to comment
Share on other sites

  • 1 month later...
  • 2 weeks later...

I have a very tiny number of shares in this company, so I got the annual report


HK / Halcon Resources ... all-data : 5-years : 6-mos / 10-d : Last: $1.46, with a PE of 3.11 !






At $1.46 x XX mn shs = $629.8 Mkt.Cap


About Halcón Resources

Halcón Resources Corporation is an independent energy company engaged in the acquisition, production, exploration and development of onshore oil and natural gas properties in the United States.

The Company is currently operating three rigs across its holdings and currently has 23 wells being completed or waiting on completion. Halcón continues to be focused on reducing costs in the current commodity price environment.


(Just did an issue of "high-yield" debt):

April 21, 2015

Halcón Resources Prices $700 Million of Senior Secured Notes


HOUSTON, TEXAS, April 21, 2015 (GLOBE NEWSWIRE) -- Halcón Resources Corporation (NYSE: HK) ("Halcón" or the "Company") today announced that it has priced $700 million in aggregate principal amount of senior secured notes due 2020 (the "Notes") in a private offering. The Notes will bear interest at a rate of 8.625% per annum and will be issued at par. The Notes offering was increased from the previously announced $500 million aggregate principal amount. The Notes will be secured by second-priority liens on substantially all of Halcón's and its subsidiary guarantors' assets that secure the Company's senior secured revolving credit facility.

Halcón intends to use the net proceeds from the offering to repay the outstanding borrowings under its senior secured revolving credit facility and for general corporate purposes.


> http://investors.halconresources.com/releasedetail.cfm?ReleaseID=907791

Link to comment
Share on other sites


This topic is now archived and is closed to further replies.

  • Create New...