Alva Review-Courier -

Samson Resources II, LLC Announces the Sale of its Greater Green River Basin Assets and Certain Non-Core Johnson County Powder River Basin Assets and the Payment of a Special Distribution

 

September 29, 2019



TULSA, Okla., Sept. 30, 2019 /PRNewswire/ -- Samson Resources II, LLC ("Samson" or the "Company") announced today that it has successfully closed the sale of its Greater Green River basin assets to an undisclosed buyer. The effective date of the sale was July 1, 2019. The Company also closed on the sale of 8,500 non-core acres in Johnson County, Wyoming to another undisclosed buyer. The Johnson County acreage had no associated production.

The sale proceeds will be used for general corporate purposes and for the payment of a distribution totaling $46.0M ($2.00 / Class A Unit) (the "Special D...



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