Exploration & Production | Top Story | Deals - Property For Sale
Samson's GoM Asset Sale Could Carry Price Tag Over $1.0B
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Samson Energy Company LLC is planning to market its Gulf of Mexico position, which could potentially carry a price tag of over $1.0 billion, according to a report by Reuters.
According to the company’s website, its current Gulf of Mexico assets include:
- Non-operated working interest in over 70 federal leases (5,760 acres each) spanning over 400,000 gross acres
- 2,500 block licenses with 3D seismic coverage
The package will also include investments in operated well projects, including:
- Gunflint Prospect (Noble Energy-operated – 19.13% WI to Samson)
- Buckskin Prospect (Chevron-operated – 12.5% WI to Samson)
- Moccasin Prospect (Chevron-operated – 12.5% WI to Samson)
- Samurai Discovery (Murphy Oil-operated – WI not disclosed)
Samson has tapped investment bank Jefferies LLC to facilitate the sale.