GeoSouthern Energy

GeoSouthern Energy Corporation
Privately held company
Industry Petroleum industry
Founded 1981 (1981)
Founder George Bishop
Headquarters The Woodlands, Texas
Key people
 George Bishop (CEO)
Products Petroleum
Natural gas
Owner George Bishop

GeoSouthern Energy Corporation is a petroleum and natural gas exploration and production company headquartered in The Woodlands, Texas.

History

In 1981, the company was founded by George Bishop.[1][2]

In February 2014, the company sold 82,000 acres in the Eagle Ford shale area of Texas to Devon Energy for $6 billion in cash.[3][2] The assets were owned in a joint venture with a fund of The Blackstone Group.[4]

In May 2015, the second phase of development at GeoSouthern's corporate campus, Wildwood Corporate Centre, at The Woodlands started, including relocating two 100-year-old 60 feet tall oak trees.[5]

In August 2015, in partnership with GSO Capital Partners, the company acquired assets in the Haynesville Shale, including 300 wells across 112,000 acres, from Encana for $850 million.[6]

References

  1. ↑ "George Bishop". Forbes.
  2. 1 2 Helman, Christopher (November 20, 2013). "A New Billionaire Emerges From Devon Energy's $6 Billion Deal For GeoSouthern". Forbes.
  3. ↑ "Devon Energy Completes Acquisition of Eagle Ford Assets from GeoSouthern Energy" (Press release). Business Wire. February 28, 2014.
  4. ↑ "GeoSouthern & Blackstone to Sell Their Eagle Ford Shale Partnership to Devon Energy" (Press release). The Blackstone Group. November 20, 2013.
  5. ↑ Pulsinelli, Olivia (May 8, 2015). "Spec building to break ground at GeoSouthern Energy's campus". American City Business Journals.
  6. ↑ "GeoSouthern Haynesville, LP and GSO Capital Partners LP Announce Acquisition of Haynesville Shale Assets from Encana Corporation" (Press release). PRNewswire. August 25, 2015.
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