Goodrich Petroleum Corporation reports the resignation of David R. Looney from his position as Executive Vice President and Chief Financial Officer. Mr. Looney, whose resignation becomes effective March 31, 2010, is leaving to pursue other business opportunities. As part of the resignation, Mr. Looney has agreed to serve as a consultant for the Company for a period of six months to assist the Company with a transition process. The Company also today announced that effective March 31, 2010, Jan L. Schott has been appointed interim chief financial officer. Ms. Schott has served the Company as Vice President and Controller since January 2007.

Walter G. "Gil" Goodrich, the Company's Vice Chairman and Chief Executive Officer, commented, "On behalf of the Board of Directors, I want to thank David for his contributions over the past several years. We appreciate his agreement to stay on as a consultant to ensure a smooth transition to a new CFO and wish him well in his future endeavors. We are also very pleased to announce the promotion of Jan Schott to interim CFO. As our principal accounting officer the past three years, Jan has worked closely with David and provided excellent leadership to our accounting team."

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