Goodrich Petroleum

Goodrich Petroleum entered into a definitive agreement with an unnamed company to sell its Eagle Ford Shale proved reserves and associated leaseholds in LaSalle and Frio counties in Texas for USD 118 million. The assets being sold produced approximately 2,850 BOEPD during the first quarter of the year. Goodrich is retaining approximately 58% of its undeveloped leaseholds in the play for future sale or development.