This Slide: #49 of 100 |
Slide #49. Devon Energy — GeoSouthern
Acquirer:
Devon Energy (NYSE:DVN)
Acquiree:
GeoSouthern
Details:
Blackstone (NYSE:BX), alongside its affiliates' corporate partner and operator GeoSouthern Energy Corporation ("GeoSouthern"), today announced the sale of the principal subsidiary of GeoSouthern for a total transaction value of $6.0 billion to Devon Energy Corporation (NYSE:DVN). In connection with the sale to Devon, the stake in the enterprise of private equity funds managed by Blackstone, Blackstone Energy Partners and Blackstone Capital Partners V, will be valued at approximately $1.54 billion. The sale to Devon is subject to customary terms and conditions for transactions of this type.
Devon Energy is an independent energy company engaged primarily in the exploration, development and production of oil, natural gas and natural gas liquids. Co.'s operations are concentrated in various onshore areas in U.S. Co. focuses on various U.S. oil and liquids plays located in the Delaware Basin, Anadarko Basin, Williston Basin, Eagle Ford and Powder River Basin.
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Buy (3.18 out of 4) 38th percentile
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