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
Directors of Samson has declared a distribution totaling $250,250,000 ($11.00 /
Class A Unit) (the “Special Distribution”) to be paid on October 31, 2017 to
unitholders of record as of the close of business on October 17, 2017. Investors
can access additional information about the Special Distribution by going to the
Samson – Merrill Investor site or the Investor section of the Samson Company
website.

Joseph Mills, President and Chief Executive Officer of Samson, commented: “We
are very pleased to announce the closing of our transaction with Rockcliff and the
payoff of our Senior Credit Facility as well as the payment of the Special
Distribution to our Investors. Samson is well ahead of its business plan, since
emerging from Bankruptcy on March 1, 2017, to establishing a strong balance
sheet and a solid base of assets in the Powder River Basin and Green River Basin
of Wyoming. We want to thank Rockcliff Energy for their professionalism and
diligence at arriving at this very positive conclusion to our East Texas asset sale
process”.

Samson will now focus its efforts on developing its oil and gas assets located in
the Powder River and the Green River Basins of Wyoming. The Company owns
approximately 146,000 net acres in the Powder River Basin and approximately
59,000 net acres in the Green River Basin and will explore a number of strategic
and development opportunities in 2018.

Providing Samson financial advice in this sales process were Jefferies LLC and
Houlihan Lokey Capital, Inc. and legal advice was provided by Willkie Farr &
Gallagher LLP.

Samson is a privately held onshore exploration and production company
headquartered in Tulsa, Oklahoma.

Rockcliff Energy is a privately-held oil and gas company headquartered in
Houston, Texas. In addition to management’s investment and ownership, the
company’s outside investor group is led by Quantum Energy Partners, a leading
private equity firm focused on the oil and gas industry. The investor group also
includes other well-known institutions, foundations and endowments, which
invest directly alongside management.

Forward-Looking Statements

In this press release, all statements that are not purely historical facts are
forward-looking statements within the meaning of Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934,
as amended. Forward-looking statements may be identified by the words
“believe,” “expect,” “anticipate,” “project,” plan,” “estimate,” intend,” “potential”
and other similar expressions. Forward-looking statements are based on
currently available business, economic, financial and other information and
reflect management’s current beliefs, expectations and views with respect to
future developments and their potential effects on Samson. Actual results could
vary materially depending on risks and uncertainties that may affect Samson and
its business. Samson’s actual actions and results may differ materially from what
is expressed or implied by these statements due to a variety of factors, including
(a) the ability of Samson to perform well and compete effectively, (b) the impact
of restrictions in Samson’s Senior Credit Facility on its ability to make capital
investments and pursue strategic growth opportunities, (c) the ability of Samson
to continue to attract and retain qualified employees following emergence, and
(d) other risks and uncertainties as disclosed by Samson in the future. Samson
assumes no obligation to update any forward-looking statement made in this
press release to reflect subsequent events or circumstances or actual outcomes.