Goodrich Petroleum Files for Bankruptcy

[wsj-responsive-image P="http://si.wsj.net/public/resources/images/BN-NG632_OFFERC_P_20160325112934.jpg" J="http://si.wsj.net/public/resources/images/BN-NG632_OFFERC_J_20160325112934.jpg" M="http://si.wsj.net/public/resources/images/BN-NG632_OFFERC_M_20160325112934.jpg" caption="A natural gas burnoff flare ignites on a Goodrich Oil Company field on the Burns Ranch near Dilley, Texas on Tuesday, January 3, 2012. Oil and natural gas companies often burn excess natural gas that is coincidentally extracted from oil rig fracking. " credit="Benjamin Sklar for The Wall Street Journal" placement="Inline" suppressEnlarge="false" ]

Troubled U.S. oil and gas firm Goodrich Petroleum said on Friday it has filed for chapter 11 bankruptcy protection, joining the ranks of a number of energy companies that have fallen victim to volatile oil and gas prices, The Wall Street Journal reports.

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Write to Patrick Fitzgerald at [email protected]. Follow him on Twitter at @PatFitzgerald23