Davis Polk advised Morgan Stanley & Co. LLC and UBS Securities LLC as representatives of the underwriters in an SEC-registered public offering by Goodrich Petroleum Corporation of 4,800,000 depositary shares, each representing a 1/1000th interest in a share of its 9.75% Series D Cumulative Preferred Stock, par value $1.00, with a liquidation preference of $25,000 per share. The offering raised approximately $115.3 million in net proceeds.

Based in Houston, Texas, Goodrich Petroleum Corporation is an independent oil and gas company engaged in the exploration, development and production of oil and natural gas properties primarily in (i) South Texas, which includes the Eagle Ford Shale Trend, (ii) Northwest Louisiana and East Texas, which includes the Haynesville Shale and Cotton Valley Taylor Sand and (iii) Southwest Mississippi and Southeast Louisiana which includes the Tuscaloosa Marine Shale.

The Davis Polk capital markets team included partners Richard D. Truesdell Jr. and John G. Crowley and associates H. Sarah Whittington and Elliot M. de Carvalho. Partner Michael Farber and associate Avinash Venkatesh provided tax advice. Counsel Loyti Cheng and associate Kevin J. Klesh provided environmental advice. Counsel Ann Becchina provided ERISA advice. Karla A. Rivera Fortis was the legal assistant for the transaction. All members of the Davis Polk team are based in the New York office.