Goodrich Petroleum Corporation is an independent oil and natural gas company engaged in the exploration, development and production of oil and natural gas on properties primarily in Northwest Louisiana, East Texas and South Texas. It includes the Haynesville Shale and Cotton Valley Taylor Sand in Northwest Louisiana and East Texas, the Eagle Ford Shale and Buda Lime formations in South Texas and the Tuscaloosa Marine Shale in Southeast Louisiana and Southwest Mississippi. The Company owns interests in 401 producing oil and natural gas wells located in 29 fields in five states. As of December 31, 2011, the Company had reserves of approximately 463.5 billion cubic feet of natural gas, 0.5 million barrels of natural gas liquids (NGLs) and 5.8 million barrels of oil and condensate. As of 2011, the Company maintained ownership interests in acreage or wells in the additional fields of the Midway field in San Patricio County, Texas, and the Garfield Unit in Kalkaska County, Michigan.