Samson Resources Corporation

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Case overview

Case Number:

1:15-bk-11934

Court:

Delaware

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

October 26, 2016
Samson Nets $660M In Series Of Ch. 11 Asset Sales

Bankrupt oil and gas driller Samson Resources Corp. received court approval Wednesday in Delaware on a series of asset sales that will net the company nearly $660 million, paving the way for a planned debt-for-equity swap that will reorganize the company's $4 billion in debt.
October 25, 2016
Samson Set To Seek Final Approval Of $660M In Ch. 11 Sales

Samson Resources Corp. is set to seek final approval from the Delaware bankruptcy court Wednesday for a series of asset sales expected to raise nearly $660 million, a task that has eased since a once-$60 million dispute with the federal government has shrunk to perhaps under $1 million.
October 17, 2016
Samson Gets Conditional OK For $660M In Ch. 11 Sales

A Delaware bankruptcy judge gave Samson Resources Corp. the nod Monday for six asset sales reckoned to raise nearly $660 million for the estate, once the debtor works out a tangled knot of objections over contracts and creditor payment amounts, including a $137 million dispute with the U.S. government.
October 13, 2016
Samson Resources Defends $660M Oil, Gas Ch. 11 Auction

Samson Resources Corp. on Thursday defended the pending sale of hundreds of its oil and gas wells, saying in a Delaware bankruptcy court filing that the transactions, expected to net nearly $660 million, have the support of the company's primary stakeholders.
October 12, 2016
Interior Objects To Samson Ch. 11 Sales Over $137M Claim

The U.S. Department of the Interior on Wednesday told a Delaware bankruptcy judge that Samson Resources Corp. must pay up to $136.9 million and obtain the department's permission before the struggling firm can sell certain oil and gas rights.
October 11, 2016
Samson Says Bankruptcy Sale Efforts Raised $660M

Samson Resources Corp. told the Delaware bankruptcy court Tuesday that its auction raised nearly $660 million for its estate by selling a series of assets and mineral rights, many to the stalking horse bidders, but 37 rounds of bidding yielded a competitive winner for mineral rights mostly in Texas.
October 07, 2016
Samson Plan Takes Advantage Of Thanksgiving: Watchdog

A government bankruptcy watchdog said Friday that oil and gas driller Samson Resources Corp.'s proposed deadlines for voting on its Chapter 11 reorganization plan take unfair advantage of the Thanksgiving holiday, denying creditors due process.
October 04, 2016
Samson Seeks Mediation As Creditors Prep Competing Plan

Bankrupt oil and gas driller Samson Resources Corp. asked a Delaware judge Tuesday for permission to pursue mediation with its unsecured creditors after the company's exclusive right to file a Chapter 11 plan expired.
September 27, 2016
Samson Resources Loses Exclusive Control Over Ch. 11 Case

Samson Resources Corp. lost its right Tuesday to be the only party that can file a Chapter 11 plan when a Delaware bankruptcy judge wouldn't extend its exclusivity period, setting the stage for unsecured creditors to lodge a strategy of their own to restructure the company's $4 billion debt load.
September 23, 2016
Trustee Objects To Breakup Fees In Samson's Ch.11 Sales

Samson Resources Corp.'s Chapter 11 bidding rules for a proposed $650 million asset sale have drawn an objection from the Office of the U.S. Trustee in Delaware over the breakup fees offered to bidders who make stalking horse offers.