History

1970s

  • On November 23, 1971, Charles Schusterman formed Samson Resources Company to assume the operations of the newly acquired Amerada Hess properties in California which included some 35 producing oil leases.
  • In 1973 with rising oil prices and cash flow, Samson began an active acquisition and drilling program focused on low-risk farm outs.
  • In the mid 1970s Samson made a shift away from oil to natural gas to avoid policy concerns and to capture attractive margins.

1980s

  • Samson focused on improving its financial structure in order to capitalize on new opportunities.
  • Samson also made its first international investment in 1987 in the province of Alberta, the heart of the Western Canadian Oil and Gas Basin.

1990s

  • Samson expanded its footprint with acquisitions of all sizes and scopes, both domestically and internationally.  In 1994 Samson purchased properties in Russia and in 1995 Samson invested in Venezuela.

2000s

  • Samson divested all of its international operations and focused domestically.  In 2005, Samson entered the San Juan basin by completing its largest acquisition in company history.  Samson also entered the Bakken Shale in 2005 which was followed by entry into other emerging shale plays and entry into Powder River Basin in 2009.

2011

  • In January 2011, Samson sold substantially all of its oil and gas properties in the Permian Basin.
  • December 21, 2011, Samson Investment Company was acquired by a KKR led consortium of knowledgeable oil and gas investors, including ITOCHU, Natural Gas Partners and Crestview.