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Energy 360 by EnerCom

All things Goodrich Petroleum with Rob Turnham (President and COO)

24 Jun 2020

Description

There are many factors that impact executives, and their decisions, in this tumultuous oil & gas market. We were able to sit down with Rob Turnham, President and Chief Operating Officer for the Goodrich Petroleum Corporation and talk about the current status and plans. Rob and I were able to talk about the Goodrich story and their advantages. They have cut their CapEx by $15 million, and can achieve free cash flow between the $2.05 and $2.65 gas price range. We also covered ESG, what that means to Rob, and the impact to all of Goodrich's stakeholders. Being environmentally and fiscally responsible is very much part of the corporate culture. It is clear that Rob's experience and leadership has served Goodrich quite well in this interesting time we call 2020. On the 360 Digital Closing Bell we have a saying; "Good management - good numbers".   About Rob: Robert C. Turnham, Jr. is a founding partner, President and Director of Goodrich Petroleum, a public E&P company focused on exploration, exploitation and development of unconventional onshore oil and natural gas reserves.  The Company was founded in 1995 and trades on the New York Stock Exchange under the symbol GDP. Goodrch Petroleum has been an early mover in the Haynesville, Eagle Ford and Tuscaloosa Marine shale basins. The Company has spent over $3 billion of capital expenditures in these areas and raised $2.5 billion of capital through asset sales and capital market transactions since going public. Prior to 1995, Mr. Turnham was President of Liberty Production Company, a privately held oil and gas exploration and production company, and Turnham Interests, Inc., an oil and gas investment company. Mr. Turnham started his career with Pennzoil Company in 1981. Mr. Turnham has been a guest commentator on CNBC, Fox Business and Bloomberg, a guest speaker at numerous conferences over the years, and has served on various private company and non-profit boards.

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