GeoSouthern Energy

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

  1. ↑ "Company Overview of GeoSouthern Energy Corporation". Bloomberg. Retrieved August 25, 2015.
  2. 1 2 "George Bishop". Forbes. Retrieved August 25, 2015.
  3. ↑ "A New Billionaire Emerges From Devon Energy's $6 Billion Deal For GeoSouthern". Forbes.com. Retrieved October 27, 2015.
  4. ↑ Dezember, Ryan (November 20, 2013). "Devon Energy Nears Deal for GeoSouthern Energy". WSJ. Retrieved October 27, 2015.
  5. ↑ Roumeliotis, Greg (November 19, 2013). "Devon Energy near $6 billion deal for GeoSouthern: source". Reuters. Retrieved November 13, 2015.
  6. ↑ "Devon Clinches Deal for GeoSouthern Assets". The New York Times. Retrieved November 13, 2015.
  7. ↑ "Blackstone Takes Profit As Devon Energy Buys GeoSouthern’s Texas Shale Assets for $6 Billion In Cash – Jewish Business News". Jewishbusinessnews.com. November 22, 2013. Retrieved November 13, 2015.
  8. ↑ Pulsinelli, Olivia. "Spec building to break ground at GeoSouthern Energy's campus". Houston Business Journal. Retrieved November 14, 2015.
  9. ↑ Davis, Carolyn (August 25, 2015). "Encana Sells Haynesville Leasehold to GeoSouthern JV For $850M". naturalgasintel. Retrieved October 27, 2015.
  10. ↑ "Company Overview of GeoSouthern DeWitt Properties, LLC". Bloomberg. Retrieved November 14, 2015.
  11. ↑ "Company Overview of GeoSouthern Haynesville, LP". Bloomberg. Retrieved November 14, 2015.


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.