Deal insight

Devon acquires core Eagle Ford assets with US$6 billion acquisition from GeoSouthern Energy

Loading current market price

Get this report

Loading current market price

Get this report as part of a subscription

Enquire about Subscriptions

Already have subscription? Sign In

Further information

Pay by Invoice or Credit Card FAQs

Contact us

For further information about this report submit the form below.

Report summary

Devon has made a bold move in buying a sizeable position in the core of the Eagle Ford from Blackstone backed GeoSouthern Resources for a cash consideration of US$6 billion. Globally this is the largest deal of 2013 and it is the biggest ever deal involving only US tight oil assets surpassing Statoil's US$4.7 billion acquisition of Bakken focused Brigham Exploration in 2011. Devon will acquire 53 000 boe/d (76% liquids) and 82 000 net acres located in DeWitt and Lavaca counties. ...

What's included

This report contains

  • Document

    Devon acquires core Eagle Ford assets with US$6 billion acquisition from GeoSouthern Energy

    PDF 1.47 MB

Table of contents

Tables and charts

This report includes 12 images and tables including:

Images

  • Acquired assets and GeoSouthern and BHP Billiton-operated wells
  • Top 10 average IP rates by well operator: Karnes Trough (left), Edwards Condensate (right)
  • Lateral length versus drilling speed: wells since start-2012 in Karnes Trough and Edwards Condensate
  • Remaining value sensitivity to hydrocarbon price
  • Devon portfolio including Eagle Ford acquisition

Tables

  • Executive summary: Table 1
  • Upstream assets: Table 1
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Deal analysis: Table 3

Questions about this report?

  • Europe:
    +44 131 243 4699
  • Americas:
    +1 713 470 1900
  • Asia Pacific:
    +61 2 8224 8898