Current GDP Stock Info

Goodrich Petroleum Corporation (ticker: GDP) has updated and accelerated its preliminary capital expenditure budget for 2018, following the recent $23 million asset sale. For 2018, the company's board of directors approved a $20 million increase to $85-$95 million to accelerate development in its core Haynesville Shale acreage position.

The company anticipates drilling 21 gross (8.7 net) horizontal wells for the year, with a blended net average lateral length of approximately 9,000 feet. The budget currently contemplates that the company wou...

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