Friday, Goodrich Petroleum Corp. (GDP) announced that it has recently added to its existing hedge position by executing zero cost collars on 30,000 Mmbtu per day for the period including all of calendar years 2010, 2011, and 2012.
The transactions increase the company's total 2010 hedged volumes to 50,000 Mmbtu per day at a floor price of $6.00 per Mmbtu and an average ceiling price of $7.10 per Mmbtu, and its 2011 and 2012 hedged volumes to 40,000 Mmbtu per day at a floor price of $6.00 per Mmbtu and an average ceiling price of $7.09 per Mmbtu. Additionally, the company has previously hedged a portion of its East Texas basis exposure at $0.37 per Mmbtu on 50,000 Mmbtu per day for calendar year 2010.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.