
Samson Resources II, LLC announces redetermination and extension of reserve based lending borrowing base at $75 million and continuation of drilling plan in the Powder River Basin
Oil and Gas 360 TULSA, Okla., Oct. 22, 2020 /PRNewswire/ — Samson Resources II, LLC (“Samson” or the “Company”) announced today that, pursuant to its regularly scheduled redetermination process, the Borrowing Base under its senior secured revolving credit facility has been redetermined by its lender group at $75 million with a one-year extension to November 2022. The Company ended the