Samson Lone Star, LLC entered into a definitive agreement to acquire Beckville/Minden assets in Panola and Rusk Counties, Texas from Goodrich Petroleum Corp. (NYSE:GDP) for $61 million subsequent to quarter ending September 30, 2014. The agreement is subject to customary terms and conditions. The transaction is expected to close on December 22, 2014. Goodrich Petroleum plans to use the net proceeds from the sale to repay borrowings under our senior credit facility. Michael Byrd of Akin Gump Strauss Hauer Feld LLP acted as legal advisor to Goodrich Petroleum.

Samson Lone Star, LLC completed the acquisition of Beckville/Minden assets in Panola and Rusk Counties, Texas from Goodrich Petroleum Corp. (NYSE:GDP) on December 22, 2014.