Devon to buy GeoSouthern Eagle Ford assets for $6 billion

Wed Nov 20, 2013 9:12am EST

Nov 20 (Reuters) - Devon Energy Corp struck a deal to buy privately held GeoSouthern Energy's assets in the Eagle Ford shale region of south Texas for $6 billion in cash.

The company said on Wednesday that the assets it is picking up in the deal have current production of 53,000 barrels of oil equivalent (BOE) per day over 82,000 net acres.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.