GeoSouthern Energy
Private | |
Founded | 1981 |
Founder | George Bishop |
Headquarters | The Woodlands, Texas, US |
Key people | George Bishop (CEO) |
Products | oil and gas |
GeoSouthern Energy is a privately held US oil company, founded in 1981 by George Bishop.
GeoSouthern explores for oil and gas, and operates oil and gas wells. It is headquartered in The Woodlands, Texas.[1]
History
In 1981, GeoSouthern Energy was founded by George Bishop.[2][3]
In November 2013, GeoSouthern sold 82,000 acres in the Eagle Ford shale area of Texas to Devon Energy for $6 billion in cash.[2][4][5][6][7]
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.[8]
In August 2015, Encana sold its Haynesville Shale natural gas portfolio to GeoSouthern, with about 300 wells across 112,000 acres, for $850 million.[9]
Subsidiaries
The company's GeoSouthern DeWitt Properties, LLC subsidiary is producing oil and gas from Eagle Ford Group marine shale rock formations.[10] Other subsidiaries include GeoSouthern Energy Partners, LP, and GeoSouthern Haynesville, LP, itself a joint venture between GeoSouthern Energy Corporation and GeoSouthern Energy Partners, LP.[11]
References
- ↑ "Company Overview of GeoSouthern Energy Corporation". Bloomberg. Retrieved 25 August 2015.
- 1 2 "George Bishop". Forbes. Retrieved 25 August 2015.
- ↑ "A New Billionaire Emerges From Devon Energy's $6 Billion Deal For GeoSouthern". Forbes.com. Retrieved 2015-10-27.
- ↑ Dezember, Ryan (2013-11-20). "Devon Energy Nears Deal for GeoSouthern Energy". WSJ. Retrieved 2015-10-27.
- ↑ Roumeliotis, Greg (2013-11-19). "Devon Energy near $6 billion deal for GeoSouthern: source". Reuters. Retrieved 2015-11-13.
- ↑ "Devon Clinches Deal for GeoSouthern Assets". The New York Times. Retrieved 2015-11-13.
- ↑ "Blackstone Takes Profit As Devon Energy Buys GeoSouthern's Texas Shale Assets for $6 Billion In Cash – Jewish Business News". Jewishbusinessnews.com. 2013-11-22. Retrieved 2015-11-13.
- ↑ Pulsinelli, Olivia. "Spec building to break ground at GeoSouthern Energy's campus". Houston Business Journal. Retrieved 14 November 2015.
- ↑ Davis, Carolyn (25 August 2015). "Encana Sells Haynesville Leasehold to GeoSouthern JV For $850M". naturalgasintel. Retrieved 27 October 2015.
- ↑ "Company Overview of GeoSouthern DeWitt Properties, LLC". Bloomberg. Retrieved 14 November 2015.
- ↑ "Company Overview of GeoSouthern Haynesville, LP". Bloomberg. Retrieved 14 November 2015.