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Goodrich Focuses on TMS in 2Q; Key Well IPs, Completion Design
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Goodrich Petroleum Corporation announced financial results and an operational update for the second quarter ended June 30, 2015.
Highlights: Adjusted Revenues, which includes the benefit of realized gains on the Company's oil hedges, were $37.3 million for the quarter versus $50.2 million in the prior year period; Operating Expenses were lower by $19.9 million in the quarter versus the prior year period and $0.5 million sequentially; Earnings before interest, taxes, non-cash General & Administrative expenses and exploration was $24.8 million in the quarter, compared to $31.5 million in the prior year period; Capital expenditures for the quarter totaled $17.1 million; Production for the quarter totaled 758,000 barrels of oil equivalent (50% oil), which was affected by deferred…- ✓ Full news archive — U.S., Canada & international coverage
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