Goodrich Petroleum Announces Closing Of Asset Sale

Goodrich Petroleum GDP today announced it closed the sale of certain non-core properties in the South Henderson field in East Texas to Memorial Resource Development 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.      See full press release