Market Overview

Goodrich Petroleum Announces Closing Of Asset Sale

Goodrich Petroleum (NYSE: GDP) today announced it closed the sale of certain non-core properties in the South Henderson field in East Texas to Memorial Resource Development (NASDAQ: MEMP) on September 28, 2012.  The total consideration paid by MRD for the assets prior to closing adjustments was approximately $95 million, with an effective date of July 1, 2012.  At year-end 2011, the Company had booked 39 Bcfe of proved reserves for the assets.     

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Posted-In: News Guidance Asset Sales Management Global

 

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