The Firm represents GeoSouthern Eagle Ford Development, LLC in connection with its announced sale of its Eagle Ford subsidiaries to Devon Energy Corporation (NYSE: DVN) for $6 billion in cash. GeoSouthern is a privately held, independent exploration and production company based in The Woodlands, TX. The Company focuses its efforts in the Texas Gulf Coast area and owns and operates substantial acreage positions in the Eagle Ford Shale and Austin Chalk trends. In addition, GeoSouthern’s midstream affiliate, Eagle Ford Field Services, owns a crude oil terminal and pipeline servicing the company’s Eagle Ford assets. The transaction is expected to close in the first quarter of 2014.
The Simpson Thacher team includes Andy Calder, John Pitts, Mickey Baden (M&A); Matthew Einbinder (Credit); Nancy Mehlman and Adam Wells (Tax); Adeeb Fadil and Noreen Lavan (Environmental); Andrea Wahlquist and Jeannine McSweeney (ECEB); Michael Naughton (Antitrust); and Marcela Robledo (IP).
