is just about a deal to buy privately held GeoSouthern Energy Corp for round $6 billion, in line with a person familiar with the subject. GeoSouthern Energy, based totally in The Woodlands, Texas, drills for oil and gas within the Austin Chalk and Eagle Ford geologic formations in South Texas. Extra not too long ago, the company agreed to combine most of its U.S. pipeline and processing companies with these owned by means of Crosstex Power Inc Devon declined to comment.
Devon Energy near $6 billion deal for GeoSouthern: source
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