Goodrich Petroleum Announces Letter Of Intent To Sell A Non-Core East Texas Asset For $95 Million
Goodrich Petroleum Corporation (NYSE: GDP) has entered into a letter of intent to sell its South Henderson field in Rusk County, Texas for $95 million, with an effective date of July 1, 2012 and an estimated closing date of October 1, 2012. This transaction is contingent upon the negotiation and execution of a definitive purchase and sale agreement containing customary terms and conditions.
Goodrich Petroleum is an independent oil and gas exploration and production company listed on the New York Stock Exchange.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.