Goodrich Alive In TMS But Tempted By Eagle Ford Divestment

摘要

Goodrich Petroleum Corp.’s (NYSE: GDP) path into the Tuscaloosa Marine Shale (TMS) always seemed to be on a one-way street as the company plowed into the play. Of the company’s 274 billion cubic feet equivalent of proved reserves, 42% lies in the TMS. The company has committed virtually all of its 2015 capex to the play. And in March, the company issued $100 million in warrants with a share price of $4.66 to buy time for an Eagle Ford Shale divestiture.