Devon Expects Peak Eagle Ford Production of 140,000 boe/d

Eagle Ford Assets Will Be Self-Funding by 2015
Devon Energy Eagle Ford Acreage Map

Devon Energy Eagle Ford Acreage Map – 82,000 net acres | Click to Enlarge

Devon’s Eagle Ford acquisition of GeoSouthern Energy’s assets in the play is on track to close by the end of the first-quarter of 2014.

The company  announced the acquisition of GeoSouthern Energy’s assets in the Eagle Ford oil play in November.

The acquired Eagle Ford acreage includes 82,000 net acres located in DeWitt and Lavaca counties. Devon expects to almost triple production from 53,000 boe/d at the time of the deal to ~140,000 boe/d over the next several years.

Read more: Devon Energy Acquires Eagle Ford Assets from GeoSouthern for $6 Billion [Read more…]

Devon Energy Acquires Eagle Ford Assets From GeoSouthern for $6 Billion

82,000 Net Acres and 53,000 boe/d in DeWitt and Lavaca Counties
Devon Energy Eagle Ford Acreage Map

Devon Energy Eagle Ford Acreage Map – 82,000 net acres | Click to Enlarge

Devon Energy has agreed to acquire GeoSouthern Energy’s Eagle Ford assets for $6 billion in cash.

The deal includes 82,000 net Eagle Ford acres in DeWitt and Lavaca counties, with associated production of 53,000 boe/d.

Current production is 56% oil, 20% NGLs, and 24% natural gas.

The properties hold an estimated resource potential of 400 million boe. [Read more…]

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