Goodrich Petroleum (GDP) Posts Q1 Loss of $0.63/Sh

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Go back to Goodrich Petroleum (GDP) Posts Q1 Loss of $0.63/Sh

Goodrich Petroleum Announces First Quarter 2017 Financial Results and Operational Update

May 9, 2017 6:01 AM EDT

HOUSTON, May 9, 2017 /PRNewswire/ -- Goodrich Petroleum Corporation (NYSE MKT: GDP) (the "Company") today announced financial results and an operational update for the first quarter ended March 31, 2017. 

FINANCIAL RESULTS SUMMARY

Revenues for the quarter totaled $9.4 million and Adjusted Revenues, when adding in net cash received in settlement of derivatives, was $9.6 million, with 56% of our oil and gas revenue attributable to natural gas.

Production for the quarter totaled 2.3 Bcfe, with average daily production of approximately 26,000 Mcfe per day (79% natural gas). Current production is approximately... More