Devon Energy Corp. agreed to buy closely held GeoSouthern Energy Corp.’s Eagle Ford assets for $6 billion in cash, expanding its shale holdings in one of the most prolific oil basins in the U.S.

The acquisition includes current production equivalent to 53,000 barrels a day and an estimated 400 million barrels of reserves, Oklahoma City-based Devon said today in a statement. The purchase from The Woodlands, Texas-based GeoSouthern covers 82,000 net acres of drilling leases in the Eagle Ford in Texas.

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