One-Page Deal Sheet
Devon Acquires GeoSouthern Eagle Ford Assets For $6 Billion
Devon Energy Corp Blackstone, Geosouthern Energy
Announced Date
November 20,2013
Close Date
February 28,2014
Transaction Type
Property
Enterprise Value (EV)($MM)
6000
Asset/Basin:
{"Eagle Ford"}
TargetZones:
{"Eagle Ford Shale"}
Net Acres
% Oil:
Net Operated Locations:
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Gulf Coast - South Texas
Country
United States
State
Texas
County
De Witt ,Lavaca
Play
Production & Reserves Production
Production Mix
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
Transaction Details: Require Private Equity Subscription
Closing Announcement - February 28, 2014
Devon Energy Corporation has completed its previously announced acquisition of Eagle Ford assets from GeoSouthern Energy. Devon has acquired 82,000 net acres located in DeWitt and Lavaca counties in Texas. This world-class light-oil position is delivering outstanding well results offering some of the highest rate-of-return drilling opportunities in North America.
John Richels, president and chief executive officer, said: "Our Eagle Ford acquisition is one of several bold steps we have recently taken to upgrade our portfolio and improve the growth…
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| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
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