goodrich petroleum corporation - RR DONNELLEY FINANCIAL

Performance 1
Letter to Shareholders 2
Form 10-K after page 4
Corporate Information inside back cover
COMPANY PROFILE
Goodrich Petroleum Corporation is an
independent oil and natural gas company
engaged in the exploration, development
and production of oil and natural gas on properties
primarily in Northwest Louisiana, East Texas and
South Texas. The geological formations we target
are the Haynesville Shale and Cotton Valley Taylor
Sand in Northwest Louisiana and East Texas, the
Eagle Ford Shale and Buda Lime formations in
South Texas and the Tuscaloosa Marine Shale in
Southeast Louisiana and Southwest Mississippi.
Our business strategy is to provide long-term growth
in net asset value per share, through the growth and
expansion of our oil and gas reserves and production.
In the current natural gas price environment, we are
concentrating the vast majority of our development
efforts on existing leased acreage within formations
that are prospective for oil. In addition, we continue
to aggressively pursue the evaluation and acquisition
of prospective acreage and oil and natural gas
drilling opportunities outside of our existing leased
acreage. We own working interests in 401 producing
oil and natural gas wells located in 29 fields in five
states. At December 31, 2011, we had estimated
proved reserves of approximately 463.5 billion
cubic feet (Bcf) of natural gas, 0.55 million barrels
(MMBbls) of natural gas liquids and 5.71 MMBbls
of oil and condensate.