Alva Review-Courier -

Samson Resources II, LLC Announces $100 Million Reserve Based Lending Facility

 

October 23, 2019



TULSA, Okla., Oct. 22, 2019 /PRNewswire/ -- Samson Resources II, LLC ("Samson" or the "Company") announced today that the Company's Reserve Based Lending facility has been adjusted for the divestiture of the Green River Basin assets and was redetermined during the 2019 fall semi-annual re-determination process at $100 million. Samson ended the third quarter of 2019 with approximately $44 million of cash and no borrowings on the reserve based lending facility.

Joseph A. Mills, President and CEO of the Company stated, "We want to thank our bank group for their continued support of Samson duri...



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