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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

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

Presenting Companies at The Oil and Gas Conference: Samson Resources II

Samson Resources II, LLC Company Overview Headquartered in Tulsa, Oklahoma Samson Resources II is an independent oil and natural gas E&P company with approximately 198,000 net acres located in the United States, including the Powder River and Greater Green River basins. Management Team Joseph A. Mills – President, CEO Josh C. Anders – CFO Matthew Phillips – Vice President, Operations

Samson Resources II Expands in Sweetwater

Privately held Samson Resources has acquired approximately 33,000 gross acres / 10,500 net acres plus working interests in 30 wells (29 operated by Samson) in the company’s core operating area of Sweetwater County, Wyoming. Samson acquired the acreage and wells from a non-operating working interest partner for a total consideration of $15.9 million. This follows a busy 2017, where they