Devon Lands GeoSoutherns Eagle Ford Assets

Devon Energy Corp. has reached a definitive agreement to acquire GeoSouthern Energy’s assets in the Eagle Ford oil play for $6 billion. The acquired assets include current production of 53,000 Boe/d and 82,000 net acres with at least 1,200 undrilled locations. The risked recoverable resource is estimated at 400 MMBoe, the majority of which is proved reserves.