An affiliate of private equity giant EnCap Investments last month took Houston-based Goodrich Petroleum Corp. private after completing a $23/share tender offer.

Paloma Partners VI Holdings LLC, an entity of Houston’s Paloma Resources LLC, completed the estimated $480 million takeover, which was announced in November.

Paloma, now active in Oklahoma, gained a broad set of assets across the Lower 48, including a substantial and growing business in the natural gas-rich Haynesville Shale.

Goodrich has around 32,000 net acres in the Haynesville, 34,000 net acres in the Tuscaloosa Marine Shale and 4,300 net undeveloped acres in the Eagle Ford Shale. 

The Haynesville has been the primary target, with its proved gas reserves making up 99% of the total 543 Bcfe at the end of...