Geosouthern Buys Encana -

For , the acquisition marked a high-profile return to the shale market. Led by billionaire George Bishop, the company was flush with capital after selling its Eagle Ford assets to Devon Energy for $6 billion in 2014. The Haynesville deal allowed them to apply their horizontal drilling expertise to a prolific natural gas play with a clean balance sheet and zero debt.

: Approximately 112,000 net acres and 300 operated wells primarily located in DeSoto and Red River Parishes, Louisiana. geosouthern buys encana

: At the time of the sale, the properties produced an average of 217 million cubic feet per day (mmcf/d) and held estimated proved reserves of 720 billion cubic feet . For , the acquisition marked a high-profile return