Samson Investment Company
About
Samson Resources II, LLC, a renowned oil and gas exploration and production Company, was founded by Charles Schusterman in 1971 and is based in Tulsa, Oklahoma. With a rich history spanning over 50 years, Samson has been at the forefront of discovering and developing oil and gas reserves in the United States and various foreign countries.
In a significant strategic move, Samson successfully completed the sale of its Powder River Basin assets in Wyoming to Continental Resources, Inc. in March 2021. This divestment marks the company's transition away from upstream oil and gas assets, signaling a shift in focus towards winding down its operations and moving towards final dissolution.
The latest news from Samson Resources II, LLC includes the closing of the sale of its Powder River Basin assets, a deal valued at $215 million, underscoring the Company's commitment to strategic growth and realignment. Additionally, the announcement of the reserve-based lending borrowing base extension to $75 million and the continuation of the drilling plan in the Powder River Basin further solidify Samson's position within the industry.
As Samson Resources II, LLC continues to navigate through this transitional phase, it remains dedicated to upholding its legacy of excellence and innovation in the oil and gas sector. Stay updated on the latest developments and milestones by visiting our website or contacting us directly at our headquarters in Tulsa, Oklahoma.
Investors, stakeholders, and industry enthusiasts can look forward to witnessing the next chapter in Samson Resources II, LLC's journey as it redefines its strategies and navigates the dynamic landscape of the oil and gas industry. © 2024 Samson Resources. All rights reserved.
Growth
Samson Resources II, LLC is currently in the winding down stage after successfully divesting all of its upstream oil and gas assets. The company has a 50-year history of oil and gas exploration and production, with a focus on finding and safely developing reserves in the United States and other countries. Established in 1971 by Charles Schusterman, Samson has recently closed a significant sale of its Powder River Basin assets to Continental Resources, Inc. This marks a strategic shift in the company's direction towards final dissolution.
Achievements
One of the key milestones for Samson Resources II, LLC includes the successful sale of its Powder River Basin assets to Continental Resources, Inc. for $215 million. This sale has allowed the company to divest all of its upstream oil and gas assets, signaling a significant change in its operational focus. Additionally, the company achieving a Reserve Based Lending Borrowing Base of $75 million and the continuation of their drilling plan in the Powder River Basin are also notable milestones showcasing the company's financial stability and strategic planning.
Case Studies
One notable case study for Samson Resources II, LLC is the successful sale of its Powder River Basin assets to Continental Resources, Inc. This strategic decision has allowed the company to streamline its operations and focus on winding down its affairs. The ability to divest all upstream oil and gas assets while maintaining financial stability and making strategic decisions such as Reserve Based Lending Borrowing Base extension highlights the company's commitment to efficient resource management and long-term sustainability.
Key Events
Key events in Samson Resources II, LLC's recent history include the sale of its Powder River Basin assets to Continental Resources, Inc. for $215 million, the agreement to divest all upstream oil and gas assets, the redetermination and extension of their Reserve Based Lending Borrowing Base at $75 million, and the continuation of their drilling plan in the Powder River Basin. These events signify a strategic shift in the company's operations towards winding down and focusing on final dissolution while ensuring financial stability and efficient resource management.
Socials
Website
Founded
-
Operating Status
Active
Industry
Oil & Gas Exploration & Production
headquarters
Address
Country
United States
Employees
1480
Key People
Revenue
372.2 M
Operating Income
Stock Price
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Samson Investment Company
-
Website
-
Founded
-
-
Industry
Oil & Gas Exploration & Production
-
Country
United States
-
Number of employees
1480+
-
Revenue
372.2 M
About Samson Investment Company
Samson Resources II, LLC, a renowned oil and gas exploration and production Company, was founded by Charles Schusterman in 1971 and is based in Tulsa, Oklahoma. With a rich history spanning over 50 years, Samson has been at the forefront of discovering and developing oil and gas reserves in the United States and various foreign countries.
In a significant strategic move, Samson successfully completed the sale of its Powder River Basin assets in Wyoming to Continental Resources, Inc. in March 2021. This divestment marks the company's transition away from upstream oil and gas assets, signaling a shift in focus towards winding down its operations and moving towards final dissolution.
The latest news from Samson Resources II, LLC includes the closing of the sale of its Powder River Basin assets, a deal valued at $215 million, underscoring the Company's commitment to strategic growth and realignment. Additionally, the announcement of the reserve-based lending borrowing base extension to $75 million and the continuation of the drilling plan in the Powder River Basin further solidify Samson's position within the industry.
As Samson Resources II, LLC continues to navigate through this transitional phase, it remains dedicated to upholding its legacy of excellence and innovation in the oil and gas sector. Stay updated on the latest developments and milestones by visiting our website or contacting us directly at our headquarters in Tulsa, Oklahoma.
Investors, stakeholders, and industry enthusiasts can look forward to witnessing the next chapter in Samson Resources II, LLC's journey as it redefines its strategies and navigates the dynamic landscape of the oil and gas industry. © 2024 Samson Resources. All rights reserved.
Why Setting Up a Virtual Delivery Center (VDC) Is Critical for Your Company’s Success
Achieving business success in today’s competitive landscape requires specialized expertise, seamless operations, and continuous innovation. Establishing a Virtual Delivery Center (VDC) can transform your company’s growth journey by ensuring efficiency, scalability, and long-term value.
Why Choose a VDC for Your Company?
1. Cost Optimization:
Save up to 70% on operational costs by leveraging remote teams and streamlined processes.
2. Expert Access:
Gain instant access to highly skilled professionals, ensuring faster and smoother project execution.
3. Scalable Teams:
Scale your team as business needs evolve, from initial project setup to long-term support.
4. Accelerated Timelines:
Leverage 24/7 global teams to reduce project delays and speed up implementation.
5. Continuous Support:
Ensure uninterrupted business performance with ongoing maintenance and updates.
Unlock Business Success with a VDC By establishing a VDC, your company can overcome operational challenges, achieve seamless system integration, and maximize ROI. Stay ahead in today’s dynamic market with a future-ready business strategy powered by a Virtual Delivery Center. Learn More About Us
Book A Meeting To Setup Your VDC
