Samson Resources Appoints Randy L. Limbacher as Chief Executive Officer and
TULSA, Okla., April 17, 2013
TULSA, Okla., April 17, 2013 /PRNewswire/ --Samson Resources Corporation
("Samson" or the "Company") today announced the appointment of Randy L.
Limbacheras its new Chief Executive Officer and President, effective April
18, 2013. Mr. Limbacher will also join the Company's board of directors
concurrent with his joining the Company. Mr. Limbacher most recently was with
Rosetta Resources, Inc. ("Rosetta") where he served as Chairman, Chief
Executive Officer and President until February 26, 2013.
Mr. Limbacher has 32 years of experience in the exploration and production
business, both domestically and internationally. At Rosetta Resources, he led
a dramatic reshaping of the business as it transitioned from a conventional
exploration company to a leading developer of unconventional resources. These
efforts led to record growth in production, reserves and shareholder value for
Rosetta during Mr. Limbacher's leadership of the company.
"Randy is a proven leader in the oil and gas business, and we're thrilled that
an executive of his caliber and with his background will be leading the team
at Samson. He has an outstanding track record of building companies, and we
are confident he has the right credentials and experience to lead Samson in
its next stage of development and growth," said Claire Farley, acting CEO of
Samson, member of the Board of Directors, and Member of KKR.
"With positions in some of the best plays in North America, a dedicated team
of talented executives, and the backing of leading energy investors, Samson is
well positioned to begin its next phase of growth. I am looking forward to
joining the Samson team in Tulsa and to helping grow this already fantastic
business into an even stronger enterprise," said Mr. Limbacher.
Mr. Limbacher will be relocating to Tulsa where the company is headquartered.
About Randy L. Limbacher
Prior to his appointment as CEO, Mr. Limbacher served as Chairman, Chief
executive Officer and President of Rosetta Resources, Inc., from November 1,
2007 to February 26, 2013.
Prior to joining Rosetta, Mr. Limbacher served as President, Exploration and
Production – Americas for ConocoPhillips where he was responsible for all
exploration and production activities in the Western Hemisphere. Mr. Limbacher
joined ConocoPhillips as part of its April 2006 acquisition of Burlington
Resources Inc., where he spent over 20 years. At Burlington, Mr. Limbacher
held a series of positions of increasing responsibility, including his role at
the time of the acquisition of Executive Vice President, Chief Operating
Officer and as a director on the Board of Directors of Burlington.
Mr. Limbacher serves on the Board of Directors of CARBO Ceramics Inc. He holds
a Bachelor of Science in Petroleum Engineering from Louisiana State
About Samson Resources Corporation
Founded in 1971, and headquartered in Tulsa, Oklahoma, Samson Resources
Corporation is an independent oil and gas exploration and production company
with core operating areas in the Rockies, Mid-Continent and East Texas.
On December 21, 2011, Samson Investment Company was acquired by a consortium
of oil and gas investors, including KKR, ITOCHU, Natural Gas Partners, and
Crestview. Samson Investment Company is now a subsidiary of Samson Resources
Corporation, the vehicle used to purchase Samson Investment Company.
Investor Relations Contact:
SOURCE Samson Resources Corporation
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