Goodrich Petroleum (GDP) Posts Q1 Loss of $0.63/Sh
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Goodrich Petroleum Announces First Quarter 2017 Financial Results and Operational Update
May 9, 2017 6:01 AM EDTHOUSTON, May 9, 2017 /PRNewswire/ --Â Goodrich Petroleum Corporation (NYSE MKT: GDP) (the "Company") today announced financial results and an operational update for the first quarter ended March 31, 2017.Â
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
