Monday, August 18, 2025
Goodrich Petroleum Announces Capital Expenditure Budget And 2020 Guidance - oilandgas360

Goodrich Petroleum announces capital expenditure budget and 2020 guidance

GoodRich Petroleum Company   Goodrich Petroleum Corporation (NYSE American: GDP) today announced  a preliminary 2020 capital expenditure budget of $55 – $65 million, an approximate 35% reduction from the midpoint of 2019 capital expenditure guidance. At natural gas and oil prices of $2.50 and $55.00, respectively, the Company expects to generate approximately $15 – $25 million of free cash flow, which at the midpoint of guidance would generate a free