GeoSouthern Energy
| Company type | Private |
|---|---|
| Industry | Petroleum, natural gas |
| Founded | 1981 |
| Founder | George Bishop |
| Headquarters | The Woodlands, Texas , United States |
| Products | Petroleum, natural gas |
GeoSouthern Energy Corporation operates as a company specializing in the exploration and production of petroleum and natural gas, with its main office located in The Woodlands, Texas.
History
Established in 1981 by Chairman George Bishop, GeoSouthern has concentrated on the strategic development and divestiture of assets. In 2006, Margaret "Meg" Molleston joined the team to oversee asset management.
In February 2014, GeoSouthern completed the sale of 82,000 acres within the Eagle Ford shale to Devon Energy for $6 billion in cash. These properties were part of a joint venture alongside a fund managed by The Blackstone Group.
By August 2015, GeoSouthern collaborated with GSO Capital Partners to purchase GEP Haynesville assets located in the Haynesville Shale, acquiring 300 wells over 112,000 acres from Encana for $850 million.
In November 2021, GeoSouthern divested its GEP Haynesville asset in the Haynesville Shale—producing approximately 700 MMcf/d at that time—to Southwestern Energy for $1.85 billion.
GEP Haynesville II
Following Chesapeake Energy’s bankruptcy filing in 2020, its South Mansfield Haynesville shale holdings, totaling 50,000 net mineral acres, were acquired by Williams Companies in December.
In August 2021, Williams partnered with GeoSouthern to create an upstream joint venture named GEP Haynesville II aimed at developing the South Mansfield property. This initiative supports their objective of delivering natural gas that is affordable, dependable, and environmentally responsible to satisfy increasing demand.
Williams CEO Alan Armstrong commended GeoSouthern’s operational leadership in Haynesville during May 2023, emphasizing their achievement in volume growth despite previous market challenges.