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Examining A Groundbreaking Deal

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By Darren Barbee, Hart Energy
July 1, 2014

GeoSouthern Energy Corp. is, by tradition, not prone to selling assets. Still, in 2013 it decided to market its Eagle Ford position as the asset began to outgrow the company.

Devon Energy Corp. has for the past few years been a reluctant buyer, patient and disciplined about what it acquires. The company had considered some opportunities, but none had met its stringent criteria.

In November 2013, however, the private company that didn’t do divestments and the deliberate executives of a $30 billion corporation struck one heck of a deal. Devon ...

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