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The company was founded as W.T. Carter & Bro., a lumber company, in 1876. [1] [3]The company discovered the Double A Wells Field in East Texas in 1985. [3] It began drilling oil in the late 1980s. [3]
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[3] [2] The assets were owned in a joint venture with a fund of The Blackstone Group. [4] In August 2015, in partnership with GSO Capital Partners, the company acquired its GEP Haynesville assets in the Haynesville Shale, including 300 wells across 112,000 acres, from Encana for $850 million. [5]