Goodrich Petroleum Corp. (NYSE:GDP) is seeking acquisition opportunities. Under a shelf registration process, Goodrich Petroleum may from time to time, offer and sell any combination up to $500 million of the securities in one or more offerings.

Goodrich Petroleum intends to use the net proceeds it receives from any sales of securities for general corporate purposes, which may include reduction or refinancing of debt or other corporate obligations, additions to its working capital, capital expenditures and potential future acquisitions.