Rank #914
George Bishop
Net worth $4.7B
Oil & gas · United States
- Born
- Oct 06, 1937
- Age
- 88
- Source
- Oil & gas
- Residence
- The Woodlands, Texas
- Citizenship
- United States
- Marital status
- Married
- Children
- 0
- Education
Net worth over time
Biography
- George Bishop founded oil and gas producer GeoSouthern Energy in 1981.
- In one of the biggest scores of the oil boom, GeoSouthern sold its south Texas fields to Devon Energy in 2013 for $6 billion.
- In 2015, Bishop redeployed some capital into a shale natural gas play in Louisiana, in a JV with Blackstone Credit called GEP Haynesville.
- He sold his stake in GEP Haynesville in 2021, when Southwestern Energy acquired the company for $1.85 billion.
- In 2021 he also launched GEP Haynesville II, a joint venture with Williams Companies, also focused on the Haynesville shale in Louisiana.
- Bishop reportedly owns Chub Cay, a 29-room resort in the Bahamas with a yacht marina that can accommodate up to 160 yachts.
- Bishop endowed the George H. Bishop Scholarship in Geology at Mississippi State University, where he graduated in 1958 with a degree in petroleum geology.
- Bishop's GeoSouthern Energy was one of the first companies to invest in the Eagle Ford shale in south Texas, one of the largest natural gas plays in the U.S.