From deep in the good, rich hydrocarbon-impregnated rocks of ancient Mother Earth, Goodrich Petroleum brings forth oil and gas. The independent exploration and production company delves into formations in the Hayneville Shale play in Texas and Louisiana. The company also operates in the Eagle Ford Shale Trend in South Texas, the Tuscaloosa Marine Shale in Louisiana, and the Cotton Valley trend (in Texas and Louisiana). In the wake of a slump in oil prices, Goodrich Petroleum filed for Chapter 11 bankruptcy protection in 2016, in an attempt to shed some $400 million in debt.