The company has filed for chapter 11 bankruptcy protection. Troubled U.S. oil and gas firm Goodrich Petroleum Corp. 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 Houston-based energy firm, which was first formed in 1995 and has interests in shale properties in Mississippi, Louisiana, and Texas, filed for protection to eliminate $400 million in debt, leaving behind only $40 million in debt related to a first lien reserve based loan facility. Goodrich says it expects to maintain sufficient liquidity during the financial restructuring to continue running its operations, including paying salaries and suppliers. The company filed for chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division after failing to secure shareholder and debtholder […]