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Brief -- Samson Resources

Samson Resources II LLC is offering for sale its assets in East Texas and North Louisiana through a process to be conducted by Jefferies and Houlihan Lokey. Samson owns 210,000 net acres (which excludes its fee minerals and other small nonoperated working interests) with an 86% working interest in the leasehold, most of which it operates. Samson will accept offers on the assets marketed as a whole and as four separate sub-packages; specifically: North Louisiana, Shelby Trough, East Texas Haynesville and Gregg-Rusk-Nacogdoches. The data room is to open in late May. For information contact Geoff Angulo at Jefferies, (281) 774-2130, or gangulo@jefferies.com. Tulsa-based Samson emerged from Chapter 11 bankruptcy on March 1 after discharging $4 billion in debt.  The company also owns acreage in the Powder River and Greater Green River basins of Wyoming, which it said it intends to hold and develop.

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