| Business Summary | | Goodrich
Petroleum
Corporation
is
an
oil
and
gas
company
engaged
in
the
exploration,
exploitation,
development
and
production
of
oil
and
natural
gas
properties
in
the
transition
zone
of
south
Louisiana,
and
in
north
Louisiana,
the
Gulf
Coast
of
Texas
and
east
Texas.
The
Company
owns
working
and
overriding
royalty
interests
in
130
active
oil
and
gas
wells
located
in
32
fields
in
six
states.
As
of
December
31,
2000,
Goodrich
had
estimated
proved
reserves
of
approximately
6,789,000
barrels
of
oil
and
condensate
and
29.5
Bcf
of
natural
gas,
or
an
aggregate
of
70.2
Bcfe
with
a
pre-tax
present
value
of
future
net
revenues,
discounted
at
10%,
of
$250.1
million,
and
an
after-tax
standardized
measure
value
of
$179.8
million. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Goodrich
Petroleum
is
an
independent
oil
and
gas
holding
company
engaged
in
the
exploration,
development,
production
and
acquisition
of
oil
and
natural
gas
in
the
the
U.S.,
primarily
Louisiana
and
Texas.
For
the
six
months
ended
6/30/01,
revenues
rose
45%
to
$16.4
million.
Net
income
applicable
to
Common
fell
78%
to
$233
thousand.
Results
reflect
higher
oil
and
gas
prices
and
increased
oil
production,
offset
by
increased
dry
hole
and
seismic
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Henry Goodrich, 69 Chairman | -- | Walter Goodrich, 41 Pres,
CEO | $155K | Robert Turnham, Jr., 42 Exec.
VP, COO | 101K | Roland Frautschi, 41 Sr.
VP, CFO and Treasurer | 90K | Douglas Selvius VP
and Exploration Mang. | -- | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|