<SEC-DOCUMENT>0001225208-19-008683.txt : 20190531
<SEC-HEADER>0001225208-19-008683.hdr.sgml : 20190531
<ACCEPTANCE-DATETIME>20190531165808
ACCESSION NUMBER:		0001225208-19-008683
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20190529
FILED AS OF DATE:		20190531
DATE AS OF CHANGE:		20190531

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			FRANKLIN RESOURCES INC
		CENTRAL INDEX KEY:			0000038777
		STANDARD INDUSTRIAL CLASSIFICATION:	INVESTMENT ADVICE [6282]
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12719
		FILM NUMBER:		19871200

	BUSINESS ADDRESS:	
		STREET 1:		ONE FRANKLIN PARKWAY
		STREET 2:		BUILDING 920
		CITY:			SAN MATEO
		STATE:			CA
		ZIP:			94403
		BUSINESS PHONE:		650-312-2000

	MAIL ADDRESS:	
		STREET 1:		FRANKLIN RESOURCES INC
		STREET 2:		ONE FRANKLIN PARKWAY
		CITY:			SAN MATEO
		STATE:			CA
		ZIP:			94403

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GOODRICH PETROLEUM CORP
		CENTRAL INDEX KEY:			0000943861
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		IRS NUMBER:				760466193
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		801 LOUISIANA
		STREET 2:		SUITE 700
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77002
		BUSINESS PHONE:		7137809494

	MAIL ADDRESS:	
		STREET 1:		801 LOUISIANA
		STREET 2:		SUITE 700
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77002
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>doc4.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0306</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2019-05-29</periodOfReport>

    <issuer>
        <issuerCik>0000943861</issuerCik>
        <issuerName>GOODRICH PETROLEUM CORP</issuerName>
        <issuerTradingSymbol>GDPM</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000038777</rptOwnerCik>
            <rptOwnerName>FRANKLIN RESOURCES INC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>ONE FRANKLIN PARKWAY</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>SAN MATEO</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94403-1906</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isTenPercentOwner>1</isTenPercentOwner>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>2281700.0000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnote</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Convertible Notes</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>21.3300</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2019-05-29</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>410156.0000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2016-10-12</value>
            </exerciseDate>
            <expirationDate>
                <value>2019-08-30</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>410156.0000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0.0000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                    <footnoteId id="F2"/>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnote</value>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeTransaction>
        <derivativeTransaction>
            <securityTitle>
                <value>Convertible Notes</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>21.3300</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2019-05-31</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>562501.0000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F3"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2019-05-31</value>
            </exerciseDate>
            <expirationDate>
                <value>2021-05-31</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>562501.0000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>562501.0000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                    <footnoteId id="F2"/>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnote</value>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">The Issuer issued a full call/redemption of the Convertible Notes for US$8,894,375 with a pay date of May 29, 2019, resulting in a redemption of all the Convertible Notes held.</footnote>
        <footnote id="F2">See Exhibits 99-1 and 99-2 for text of footnote, which Exhibits are incorporated by reference herein.</footnote>
        <footnote id="F3">The Reporting Persons acquired the 2021 Convertible Notes for an aggregate price of US$12,000,000.</footnote>
    </footnotes>

    <remarks>ex99-1.txt, ex99-2.txt</remarks>

    <ownerSignature>
        <signatureName>Virginia E. Rosas, Assistant Secretary of Franklin Resources, Inc.</signatureName>
        <signatureDate>2019-05-31</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>ex99-1.txt
<TEXT>
Exhibit 99-1

Pursuant to a plan of reorganization, in October 2016 the Issuer issued shares
of Common Stock, Warrants and 13.50% Second Lien Senior Secured Convertible
Notes due 2019 ("Convertible Notes") to certain of its creditors and
participants in the reorganization, including investment advisory clients
("Clients") of Franklin Advisers, Inc. ("FAV"). The Issuer redeemed the
Convertible Notes on May 29, 2019.  On May 31, 2019, the Issuer issued to the
Clients 13.50% Convertible Second Lien Senior Secured Notes due 2021 (the "2021
Convertible Notes"), with the same conversion price as the Convertible Notes.
One FAV Client has interests exceeding 10% in the Issuer's Common Stock,
including Common Stock issuable on conversion of the 2021 Convertible Notes:

Franklin High Income Fund, a series of Franklin High Income Trust, an investment
  company registered under the Investment Company Act of 1940, has an interest
in 2,103,948 shares of such Common Stock, including 539,063 shares issuable on
conversion of the 2021 Convertible Notes.

FAV is a wholly-owned subsidiary of Franklin Resources, Inc. ("FRI").  FAV may
be deemed to beneficially own the Common Stock for purposes of Rule 13d-3, and
accordingly for purposes of section 16(a), under the Securities Exchange Act of
1934, as amended (the "Act"), in its capacity as the investment adviser to the
Clients pursuant to investment management contracts that grant investment and/or
  voting power to FAV.  When an investment management contract (including a
sub-advisory agreement) delegates to FAV investment discretion or voting power
over the securities held in the investment advisory accounts that are subject to
  that agreement, FRI treats FAV as having sole investment discretion or voting
authority, as the case may be, unless the agreement specifies otherwise.

Beneficial ownership by FRI, FAV and their affiliates is being reported in
conformity with the guidelines articulated by the SEC staff in Release No. 34
39538 (January 12, 1998) relating to organizations, such as FRI, where related
entities exercise voting and investment powers over the securities being
reported independently from each other.  The voting and investment powers held
by Franklin Mutual Advisers, LLC ("FMA") and Franklin Advisory Services, LLC
("FAS"), each an indirect wholly owned investment management subsidiary of FRI,
are exercised independently from FRI and from all other investment management
subsidiaries of FRI (FRI, its affiliates and investment management subsidiaries
other than FMA and FAS are collectively, "FRI affiliates"). Furthermore,
internal policies and procedures of FMA, FAS and FRI establish informational
barriers that prevent the flow between FMA and FAS, on the one hand, and the FRI
  affiliates, on the other hand, of information that relates to the voting and
investment powers over the securities owned by their respective management
clients. Consequently, FMA and FAS report the securities over which they hold
investment and voting power separately from the FRI affiliates for purposes of
Section 13 of the Act.

Charles B. Johnson and Rupert H. Johnson, Jr. (the "Principal Shareholders")
each own in excess of 10% of the outstanding common stock of FRI and are the
principal stockholders of FRI.  FRI and the Principal Shareholders may be deemed
  to be, for purposes of Rule 13d-3 under the Act, the beneficial owners of
securities held by persons and entities for whom or for which FRI's subsidiaries
  provide investment management services.  FRI, the Principal Shareholders and
FAV disclaim any pecuniary interest in any of the Common Stock.  In addition,
the filing of this Form 4 on behalf of the Principal Shareholders, FRI and FAV
should not be construed as an admission that any of them is, and each disclaims
that it is, the beneficial owner, as defined in Rule 13d-3, of any of the Common
  Stock.

FRI, the Principal Shareholders, and FAV believe that they are not a group
within the meaning of Rule 13d-5 under the Act and that they are not otherwise
required to attribute to each other the beneficial ownership of the Common Stock
  held by any of them or by any persons or entities for whom or for which FAV
provides investment management services.
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>3
<FILENAME>ex99-2.txt
<TEXT>
Exhibit 99-2

Names and Addresses of Additional Reporting Persons:

Charles B. Johnson
Franklin Templeton
One Franklin Parkway
San Mateo, CA 94403-1906

Rupert H. Johnson, Jr.
Franklin Templeton
One Franklin Parkway
San Mateo, CA 94403-1906

Franklin Advisers, Inc.
One Franklin Parkway
San Mateo, CA  94403-1906

By: /s/Virginia E. Rosas
Assistant Secretary of Franklin Resources, Inc.
Attorney-in-Fact for Charles B. Johnson
Attorney-in-Fact for Rupert H. Johnson, Jr.
Assistant Secretary of Franklin Advisers, Inc.

By: /s/Lori A. Weber
Vice President and Co-Secretary
Franklin High Income Trust on behalf of Franklin High Income Fund
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
