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Goodrich Petroleum Corporation is an independent exploration and production company engaged in the exploitation, development and production of crude oil and natural gas primarily in the Tuscaloosa Marine Shale (“TMS”) in Eastern Louisiana and Southwestern Mississippi, the oil-window of the Eagle Ford Shale trend in South Texas and the Haynesville Shale in Northeast Texas and Northwest Louisiana. Due to the current natural gas price environment, we are concentrating the vast majority of our exploitation and development efforts on existing leased acreage, primarily within the Tuscaloosa Marine and Eagle Ford Shale formations, that are both prospective for crude oil. The Company owns working interests in 260 producing oil and natural gas wells located in 43 fields in eight states. At December 31, 2014, we had estimated proved reserves of approximately 273.7 Bcfe, comprised of 104.8 Bcf of natural gas, 1.0 MMBbls of NGLs and 27.1 MMBbls of crude oil and condensate. Goodrich Petroleum Corporation is publically traded and listed on the New York Stock Exchange under the ticker GDP.
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Sabinal Energy is a privately-held oil and gas company headquartered in The Woodlands, Texas. Sabinal is focused on the acquisition and development of large, long-life producing oil and gas assets across North America. Sabinal will target mature fields with established and predictable production profiles in geographic areas with consolidation opportunities. The Company will create value by applying the latest technology to optimize production, reduce costs and enhance the operating and financial performance of the assets. Members of the Sabinal management team have successfully acquired and developed some of the largest and most successful reservoirs in North America including the Barnett, Eagleford, Woodford/STACK, and multiple areas in the Rockies. Several of our Executives have managed large assets with more than 1 Bcfe/d of daily production, 7 Tcfe of proved reserves, and drilling programs in excess of 800 horizontal wells per year.