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August 03, 2015 12:32 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Samson Resources Corporation

Company Overview

Samson Resources Corporation, an independent oil and gas company, engages in the exploration, development and production of oil and natural gas properties located onshore in the United States. The company operates projects primarily in the Rocky Mountain, Mid-Continent, and East Texas regions. As of December 31, 2014, it had proved reserves of approximately 1.5 trillion cubic feet equivalent; had approximately 1.6 million net acres under lease; and owned interests in approximately 7,354 gross productive wells. The company was founded in 1971 and is headquartered in Tulsa, Oklahoma.

Samson Plaza

Two West Second Street

Tulsa, OK 74103

United States

Founded in 1971

997 Employees

Phone:

918-591-1791

Fax:

918-591-1796

Key Executives for Samson Resources Corporation

Chief Executive Officer, President, Director and Member of Executive Committee
Age: 57
Chief Financial Officer and Executive Vice President
Age: 53
Chief Operating Officer and Executive Vice President
Age: 57
Senior Vice President and General Counsel
Age: 52
Chief Accounting Officer and Vice President
Compensation as of Fiscal Year 2015.

Samson Resources Corporation Key Developments

Samson Resources Corporation, Q1 2015 Earnings Call, May 20, 2015

Samson Resources Corporation, Q1 2015 Earnings Call, May 20, 2015

Samson Resources Corporation Reports Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Production Guidance for First Quarter 2015

Samson Resources Corporation reported earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, net loss was $949.924 million. LBITDA was $1,339.120 million a year ago. Adjusted EBITDA was $147.628 million. Cash flow from operation was $124 million. Total cash capital expenditure was $233 million. Negative free cash flow before financing activities was $67 million. For the year, net loss was $1,420.581 million. LBITDA was $1,634.700 million a year ago. Adjusted EBITDA was $663.234 million against $775 million a year ago. Cash flow from operation was $488 million against $689 million a year ago. Total cash capital expenditure was $969 million against $1,081 million a year ago. Negative free cash flow before financing activities was $325 million against $76 million a year ago. Net debt as on date is $3,881 million against $3,553 million a year ago. The decline in revenue was driven by decreased oil and natural gas and NGL volumes, which was partially offset by improved realized natural gas pricing. The company is estimating first quarter 2015 production between 515 million and 525 million cubic feet a day equivalent as we're counting for the Arkoma divestiture.

Samson Resources Corporation Auditor Raises 'Going Concern' Doubt

Samson Resources Corporation filed its 10-K on Mar 31, 2015 for the period ending Dec 31, 2014. In this report its auditor, Deloitte & Touche LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

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Recent Private Companies Transactions

Type
Date
Target
Buyback
June 19, 2015
--
Bankruptcy
May 8, 2015
American Eagle Energy Corporation
Merger/Acquisition
November 14, 2014
5,000 Net Acres in East Texas
 

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