GeoSouthern Energy
| Type | Privately held company |
|---|---|
| Industry | Petroleum industry |
| Founded | 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[]
- ^ "George Bishop". Forbes.
- ^ a b Helman, Christopher (November 20, 2013). "A New Billionaire Emerges From Devon Energy's $6 Billion Deal For GeoSouthern". Forbes.
- ^ "Devon Energy Completes Acquisition of Eagle Ford Assets from GeoSouthern Energy" (Press release). Business Wire. February 28, 2014.
- ^ "GeoSouthern & Blackstone to Sell Their Eagle Ford Shale Partnership to Devon Energy" (Press release). The Blackstone Group. November 20, 2013.
- ^ Pulsinelli, Olivia (May 8, 2015). "Spec building to break ground at GeoSouthern Energy's campus". American City Business Journals.
- ^ "GeoSouthern Haynesville, LP and GSO Capital Partners LP Announce Acquisition of Haynesville Shale Assets from Encana Corporation" (Press release). PRNewswire. August 25, 2015.
- Oil companies of the United States
- Natural gas companies of the United States
- Companies based in The Woodlands, Texas
- Non-renewable resource companies established in 1981