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Four PE-Backed Companies Snap Up Samson Assets on the Cheap
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On October 7th, Samson annouced that the winning bidders for its assets consist almost exclusively of private equity backed companies.
Back on September 9, we reported that Samson has provided a list of companies, see below. The company is now confirming the winning bidders.
September 19, 2016 Annoucement :
Bankrupt Samson Resources Co. has revealed the stalking horse bidders interested in a number of the company's minerals / assets, including Mid-Continent and Permian. Here is a link to court filings.
Permian Basin Asset Details:The Permian Minerals asset package consists of 399,040 gross acres (61,220 net acres) in New Mexico and Texas, and 195 wells. Unlike certain of the Debtors’ other assets, the Permian Minerals largely consist of fee simple property rights in hydrocarbon-rich…
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