NEW YORK Nov 19 Devon Energy is close
to a deal to buy privately held GeoSouthern Energy for around $6
billion, according to a person familiar with the matter.
The deal could be announced as soon as this week, the source
said. The source could not identified because the talks are
GeoSouthern Energy, based in The Woodlands, Texas, drills
for oil and gas in the Austin Chalk and Eagle Ford geologic
formations in South Texas.
Devon declined to comment. GeoSouthern was not immediately
available for comment. The deal was originally reported in the
Wall Street Journal.