Privately held Rockliff Energy II LLC, Houston, has agreed to buy the East Texas and North Louisiana properties of Samson Resources II LLC, Tulsa, for $525 million.
Privately held Rockliff Energy II LLC, Houston, has agreed to buy the East Texas and North Louisiana properties of Samson Resources II LLC, Tulsa, for $525 million.
The deal covers 210,000 net acres producing a net 90 MMcfd of natural gas equivalent.
Samson Resources II acquired the assets of Samson Resources Corp. out of bankruptcy.
It said it will focus on developing its Wyoming leasehold, 146,000 net acres in the Powder River basin and 59,000 net acres in the Green River basin, “and will explore a number of strategic and development opportunities.”
