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  • Latest Samson News

    • Samson Resources II, LLC announces Sale of its Wamsutter Assets for $34.0 Million in the Washakie Basin of Wyoming

      TULSA, Okla., Dec. 14, 2017  — Samson Resources II, LLC (“Samson” or the “Company”) announced today that it has executed an agreement to divest all of its Wamsutter assets, located in Carbon and Sweetwater Counties of Wyoming, which are considered non-core to the Company’s portfolio.  The Wamsutter assets were sold for a total cash purchase price of $34.0 MM to an undisclosed buyer.  The effective date of the transaction will be January 1, 2018, and closing is expected to occur prior to January 15, 2018. The Wamsutter assets currently produce approximately 9.0 MMcfe/day, net to Samson’s interest, from a total of 106 Continue Reading

    • Samson Resources II, LLC Announces New $500 Million Amended and Restated Senior Secured Revolving Credit Agreement and Acquisition of 20,000 Gross Acres and Production in Powder River Basin

      TULSA, Okla., Nov. 1, 2017  — Samson Resources II, LLC (“Samson” or the “Company”) announced today that it has entered into an Amended and Restated Senior Secured Revolving Credit Agreement (“Senior Credit Facility”) with JPMorgan Chase Bank, N.A., as Administrative Agent and Joint Lead Arranger, along with Capital One, N.A., and ING Capital, LLC, as Joint Lead Arrangers.  The Senior Credit Facility is a $500 million Revolving Credit agreement with an initial borrowing base limit of $120 million.  It has a three-year term and will expire in October 2020. Samson also announced that it has executed a binding agreement to acquire Continue Reading

    • Samson Resources II, LLC announces Closing of the East Texas Asset Sale to Rockcliff Energy and sets Record Date and Payment Date for a Special Distribution

      Tulsa, OK., September 29, 2017 – Samson Resources II, LLC (“Samson” or the “Company”) announced today that it has successfully closed the sale of its East Texas and North Louisiana assets to an affiliate of Rockcliff Energy II LLC (“Rockcliff Energy”), a privately held company headquartered in Houston, Texas. The final consideration paid to Samson for the assets totaled approximately $504,000,000, after giving effect to contractual purchase price adjustments to the $525,000,000 purchase price announced on August 1, 2017. As previously disclosed, Samson will repay approximately $214,000,000 in outstanding borrowings under its Senior Credit Facility. In addition, the Board of Continue Reading

    • Samson Resources II, LLC Announces Commencement of Drilling Program in the Greater Green River Basin of Wyoming

      Tulsa, OK., September 11, 2017 – Samson Resources II, LLC’s (“Samson” or the “Company”) Board of Directors has approved the Company’s commencement of a drilling program to drill five operated wells on the Company’s Fort Union property located in Sweetwater County, Wyoming, as well as an accelerated permitting program in the Powder River Basin of Wyoming. The drilling program at the Fort Union property will entail using two rigs to drill five operated wells in the Fort Union formation, a liquids rich gas formation, with expected results of 3.7 Bcfe per well (45% liquids expected) at a cost of $2.9 Continue Reading

    • Samson Resources II to Sell Its East Texas and North Louisiana Assets to Rockcliff Energy II LLC for $525 MM

        TULSA, Okla., August 1, 2017 — The Board of Directors of Samson Resources II, LLC (“Samson” or the “Company”) has approved the sale of the Company’s assets in East Texas and North Louisiana for a cash purchase price of $525.0 MM, subject to customary purchase price adjustments, to an affiliate of Rockcliff Energy II LLC (“Rockcliff Energy”), a privately held company headquartered in Houston, Texas. The sale is expected to close on September 29, 2017, with an effective date of August 1, 2017. As previously disclosed, on May 8, 2017, Samson announced that it engaged investment banks Jefferies LLC Continue Reading

    • Samson Resources II, LLC To Market East Texas And North Louisiana Assets As Part Of Strategic Review Outcome

      TULSA, Okla., May 8, 2017 /PRNewswire/ — Samson Resources II, LLC (“Samson” or the “Company”) announced today that following a strategic review of the Company’s core competencies and underlying reserve and production potential conducted by Jefferies LLC and Houlihan Lokey Capital, Inc., the Company has decided to market for sale its assets in East Texas and North Louisiana through a broad marketing process to be conducted by Jefferies and Houlihan Lokey.  Samson owns approximately 210,000 net acres (which excludes its fee minerals and other small non-operated working interests) in the East Texas and North Louisiana areas with an 86% working interest Continue Reading

    • Investor Presentation – March 2017

      Investor Presentation – March 2017

    • Samson Resources II engages Jefferies and Houlihan Lokey for Strategic Review

      TULSA, Okla., March 28, 2017  — The Board of Directors of Samson Resources II, LLC (“Samson II” or the “Company”) has engaged Jefferies LLC as lead advisor and Houlihan Lokey Capital Inc. as co-advisor to conduct a strategic review of the Company’s assets,  including an evaluation of its core competencies and underlying reserve and production potential. The announcement comes after Samson II acquired substantially all of the assets of Samson Resources Corporation upon its emergence from Chapter 11 bankruptcy on March 1, 2017.  Samson II features a substantially improved financial position having discharged approximately $4 billion of debt and nearly $300 Continue Reading

    • Samson Resources Appoints Joseph Mills President and CEO

      TULSA, Okla., Feb. 20, 2017  — Samson Resources Corporation (“Samson” or the “Company”) today announced that its second-lien creditor group has selected Joseph A. Mills as the Company’s President and Chief Executive Officer, effective as of the date the Company’s global settlement joint plan of reorganization becomes effective. Mr. Mills has nearly 35 years of experience in the oil and gas industry, including public company management experience.  Most recently, he served as Chairman the Board and CEO of Eagle Rock Energy Partners, where he was responsible for creating and managing the strategic direction of the company and its growth as an Continue Reading