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Samson Resources II Sells/Swaps Powder River Basin Property

Announced Date
May 09,2018
Deal Value $
Net Acres
Transaction Type
Not Disclosed
Source Documents:
   Source Link
Rockies - Powder River Basin

United States




$Price/Net Acre

$Price/Adj. Net Acre

Transaction Details: 

Samson Resources II today annouced that the company is selling a portion (7,000 net acres) of position in Converse County, WY to an undisclosed buyer in exchange for $44 million in cash and 15,000 net acres in Johnson County, WY.

Samson under the transaction will include all depths below the Fort Union formation, is currently undedicated and will bolt-on to Samson's core acreage position in Johnson County, WY.

Here is a "representation map" of where Samson's leasehold position in the basin.

click to enlarge

Joseph Mills, President and Chief Executive Officer of Samson, commented, "This sale represents another important step in Samson's portfolio management strategy of divesting non-core assets and increasing focus on our core assets in the Powder River and Green River Basins of Wyoming.  The proceeds of this sale will be used to partially fund our 2018 drilling program and allow us to further capitalize on our robust drilling opportunities."  Mills further stated, "Samson continues to execute on its plan to deliver shareholder value with a lower risk growth strategy while remaining focused on balance sheet strength."

Other Rockies - Powder River Basin Region's Deals

Announced DateBuyerSellerDeal Value($mm)LocationCategory
Jan-25-2022 - - Click here Wyoming  E&P
Feb-17-2021 - - Click here Wyoming  E&P
Nov-30-2020 - - Click here Texas  E&P
Feb-07-2019 - - Click here Texas  E&P
Oct-26-2018 - - Click here Wyoming  E&P

Price History

Date Deal Headline Price$/acre
Jan-25-2022 Continental to Buy Chesapeake's PRB Assets for $450MM in Cash - -
Feb-17-2021 Continental Resources Enters the PRB; Inks $215MM Deal - -
Nov-30-2020 Contango to Acquire Oily Assets in Big Horn, PRB, Permian Basins - -

Other Samson Resources II LLC Deals

Announced DateBuyerSellerDeal Value($mm)LocationCategory
Feb-17-2021 - - Click here Wyoming  E&P
Aug-01-2017 - - Click here Louisiana  E&P