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                                                                   EXHIBIT 99.3
 
                          INDEPENDENT AUDITORS' REPORT
 
THE PARTNERS OF LA/CAL ENERGY PARTNERS:
 
     We have audited the accompanying balance sheet of La/Cal Energy Partners as
of December 31, 1994, and the related statements of operations, partners'
capital (deficit), and cash flows for the year ended December 31, 1994, and the
period from July 15, 1993 (inception) through December 31, 1993. These financial
statements are the responsibility of the Partnership's management. Our
responsibility is to express an opinion on these financial statements based on
our audits.
 
     We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by
management as well as evaluating the overall financial statement presentation.
We believe that our audits provide a reasonable basis for our opinion.
 
     In our opinion, the financial statements referred to above present fairly,
in all material respects, the financial position of La/Cal Energy Partners as of
December 31, 1994, and the results of its operations and its cash flows for the
year ended December 31, 1994, and the period from July 15, 1993 (inception)
through December 31, 1993, in conformity with generally accepted accounting
principles.
 
/s/ KMPG PEAT MARWICK LLP
    KPMG PEAT MARWICK LLP
 
Shreveport, Louisiana
March 31, 1995
 
                                       
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                          INDEPENDENT AUDITORS' REPORT
 
THE PARTNERS OF LA/CAL ENERGY PARTNERS:
 
     We have audited the accompanying statement of revenues and direct operating
expenses of the Properties Contributed to La/Cal Energy Partners for the period
from January 1, 1993 through July 14, 1993. This financial statement is the
responsibility of the management of the owners of the properties. Our
responsibility is to express an opinion on this statement based on our audit.
 
     We conducted our audit in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the statement of revenues and direct
operating expenses are free of material misstatement. An audit includes
examining, on a test basis, evidence supporting the amounts and disclosures in
the statement. An audit also includes assessing the accounting principles used
and significant estimates made by management, as well as evaluating the overall
presentation of the statement. We believe that our audit provides a reasonable
basis for our opinion.
 
     The accompanying statement of revenues and direct operating expenses was
prepared for the purpose of complying with certain rules and regulations of the
Securities and Exchange Commission (for inclusion in the Form S-4 Registration
Statement of Goodrich Petroleum Corporation) and are not intended to be a
complete financial presentation of the Properties Contributed to La/Cal Energy
Partners.
 
     In our opinion, such statement of revenues and direct operating expenses
presents fairly, in all material respects, the revenues and direct operating
expenses of the Properties Contributed to La/Cal Energy Partners as described in
Note 1 for the period from January 1, 1993 through July 14, 1993, in conformity
with generally accepted accounting principles.
 
/s/ KPMG PEAT MARWICK LLP  
    KPMG PEAT MARWICK LLP
 
Shreveport, Louisiana
March 31, 1995