January 6, 2021

Willkie represented Samson Resources II, LLC in its agreement to sell its Powder River Basin Assets for $215 million.

On January 4, Willkie client Samson Resources II, LLC announced that it has entered into a definitive agreement under which Samson will sell all of its Powder River Basin assets to an undisclosed buyer for $215 million in an all-cash transaction. The company exited 2020 producing approximately 8,500 barrels of oil equivalent per day (75% oil) from the Powder River Basin. Following the closing, Samson will have divested substantially all of its upstream assets.

Samson is a privately held onshore exploration and production company headquartered in Tulsa, Oklahoma.

The Willkie deal team was led by partners Michael De Voe Piazza and Cody Carper and included partners Jeffrey Hochman and Robert Jacobson; counsel Daniel Elizondo and associate Adam Whitehouse.