Samson Investment Company

  • Overview

A strong presence among privately owned energy companies, Samson Investment (a subsidiary of Samson Resources) is an oil and gas entity with exploration, development, and production activities in a number of producing areas in the US. Its three key regions are the Rockies, the Mid-Continent and East Texas. It is actively drilling in major plays such as in the Powder River, Green River, Bakken, Granite Wash, and Cotton Valley. Samson Investment's assets include 3 million acres and stakes in more than 7,600 wells. The company has a large multi-year inventory of an estimated 4,594 risked drilling locations in some of the best resource plays across the US.

Geographic Reach

The company has operations across oil and gas regions in North America and in the North Sea. It has major holdings in unconventional oil and liquids-rich plays, including the Bakken, the Powder River, and Green River basins in the Rockies; the Granite Wash, Prue Wash, and Cana Woodford plays the Mid-Continent; and the Cotton Valley play in East Texas.

Operations

Samson Investment has almost 3 million net acres located primarily in the Rockies, Mid-Continent, and East Texas. It operates 70% of its total production, and spends more than a $1 billion a year to drill about 500 wells per annum. Its midstream activities include natural gas transportation, processing, and storage.

Strategy

The company's strategy is to make acquisitions that complement its existing areas of operations and establish its presence in new core regions. Samson Investment has focused on tight and unconventional oil and gas plays that are now commercial profitable thanks to improved drilling technology. 

To raise cash, in 2012, parent company Samson Resources sold some Bakken assets to Continental Resources for $650 million. These properties included 116,000 net leasehold acres, primarily in Divide and Williams Counties, North Dakota, and have a production potential of 5,600 barrels of oil equivalent per day.

In 2011 Samson Investment sold all of its oil and gas properties in the Permian Basin.

Company Background

To help it gain access to capital to fund further expansion, in 2011 the company was acquired by a consortium led by KKR and including ITOCHU, Natural Gas Partners, and Crestview for $7.2 billion. Samson Investment became a subsidiary of Samson Resources Corporation, the vehicle used to purchase Samson Investment. As part of the 2011 deal with the consortium, the founding Schusterman family retained control of Samson Investment's Gulf Coast and deepwater Gulf of Mexico assets.

Founded in 1971, Samson Investment's major acquisitions have included the purchase of natural gas properties in Sweetwater County, Wyoming, in 2002, and Contour Energy in 2003, and Colorado coalbed methane assets in 2005.

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Samson Investment Company


2 W 2nd St Ste 1500
Tulsa, OK 74103-3135
Phone: 1 (918) 583-1791
Fax: 1 (918) 5911704
www.samson.com

STATS


  • Employer Type: Private
  • Executive Vice President, Chief Financial Officer: Philip Cook
  • Executive Vice President, Chief Operating Officer: Richard Fraley
  • Chief Executive Officer, Director: Randy Limbacher

Major Office Locations

  • Tulsa, OK

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