Goodrich Petroleum Announces Tuscaloosa Marine Shale ("TMS") Well Result And Operational Update


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[STK] NYSE:GDP

[IN] UTI OIL GAS

[SU]

TO BUSINESS EDITORS:

Goodrich Petroleum Announces Tuscaloosa Marine Shale ("TMS") Well

Result And Operational Update

HOUSTON, April 14, 2014 /PRNewswire/ -- Goodrich Petroleum Corporation

(NYSE: GDP) today announced the completion of its Blades 33H-1 (66.7%

WI) well in Tangipahoa Parish, Louisiana. The well has achieved a

peak 24-hour average production rate to date of 1,270 barrels of oil

equivalent ("BOE") per day, comprised of 1,250 barrels of oil and 115

Mcf of gas on a 14/64 inch choke from an approximate 5,000 foot

lateral. The well landed in the Company's lower target, was drilled

and completed under budget and was fracked with 20 stages using

composite plugs that were drilled out prior to flow back. The

Company's completion methodology was slightly modified from previously

completed wells. The well was drilled on a portion of the 185,000 net

acres acquired in August 2013 and is approximately 48 miles southeast

from the Company operated Crosby 12H-1 well in Wilkinson County,

Mississippi and five miles east of a horizontal well previously

drilled on the acquired acreage.

The Company has drilled its C.H. Lewis 30-19H-1 (81.4% WI) well in

Amite County, Mississippi in 36 days, with approximately 6,600 feet of

usable lateral. The well landed in the Company's lower target and has

26 planned frac stages using the Company's modified completion

design. Fracking operations are expected to commence by the end of

April.

The Company is currently drilling the Nunnery 12-1H-1 (91.2% WI) well

in Amite County Mississippi, the Beech Grove 94H-1 (66.7% WI) well in

East Feliciana Parish, Louisiana and the SLC, Inc. 81H-1 (66.7% WI)

well in West Feliciana Parish, Louisiana. All wells are planned to be

drilled in the lower target with a minimum of 6,000 foot laterals and

use the modified completion design.

The Company has in excess of 300,000 net acres and three rigs running

currently in the play, with the plan to go to five rigs by the end of

the year pending continued success.

A copy of the latest corporate presentation is available on the

Company's website at www.goodrichpetroleum.com.

Goodrich Petroleum Corporation is an independent oil and gas

exploration and production company listed on the New York Stock

Exchange.

SOURCE Goodrich Petroleum Corporation

-0- 04/14/2014

/CONTACT: Robert C. Turnham, President, Jan L. Schott, Chief Financial Officer or Daniel E. Jenkins, Director of Investor Relations, (713) 780-9254

/Web Site: http://www.goodrichpetroleum.com/

(NYSE:GDP) /

CO: Goodrich Petroleum Corporation

ST: Texas

IN: UTI OIL GAS

PRN

-- DA04172 --

0000 04/14/2014 10:00:00 EDT http://www.prnewswire.com

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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