Samson Resources II Engages Jefferies & Houlihan Lokey for Strategic Review

The Board of Directors of Samson Resources II, LLC (Samson II) has engaged Jefferies LLC as lead advisor and Houlihan Lokey Capital Inc. as co-advisor to conduct a strategic review of the Company’s assets, including an evaluation of its core competencies and underlying reserve and production potential.

The announcement comes after Samson II acquired substantially all of the assets of Samson Resources Corporation upon its emergence from Chapter 11 bankruptcy on March 1, 2017. Samson II features a substantially improved financial position having discharged approximately $4 billion of debt and nearly $300 million of annual interest expense from Samson Resources Corporation. The Company has greater than $60 million in total liquidity (including both cash on hand and cash that is available to be drawn under a credit facility), a business plan that projects positive free cash flow, and substantial commodity hedges to protect its liquidity position.

Samson II is a privately held onshore exploration and production company headquartered in Tulsa, Oklahoma. The Company has significant acreage positions in East Texas and North Louisiana, the Powder River Basin and the Green River Basin that, taken together, comprise approximately 490,000 net acres and the Company produces approximately 135 MMCFE/day of oil, natural gas and NGL’s.