Mr Callaghan has served as a member of the company’s board of directors since June 2003. As a result of the recent appointment of Ernst & Young as auditors of the company, Mr Callaghan no longer qualified as an independent director under New York Stock Exchange rules due to family relationships with persons associated with that firm.

Patrick Malloy, chairman of Goodrich Petroleum, said: We appreciate John’s service on our board and the contributions he has made over the past few years. We understand that the issues that required his resignation were beyond his control and we applaud his decision to resign in the best interests of Goodrich.