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:

April 01, 2016
Ute Tribe Takes Issue With Bankrupt Samson's Lease Bid

The Southern Ute Indian Tribe took issue Friday with oil and gas firm Samson Resources Corp.'s bid to assume leases the tribe granted for mineral rights, arguing many are not "unexpired" under the Bankruptcy Code's definition and the court could give the debtor more rights than it is due.
February 22, 2016
Samson Still Hopes For Ch. 11 Deal Amid Creditor Divisions

Oil and gas firm Samson Resources Corp. told a Delaware bankruptcy judge Monday that the company is hoping to file a Chapter 11 plan "in the very near term," but despite months of negotiations, creditor constituencies remain far apart on several key issues.
February 19, 2016
Samson Seeks Ch. 11 OK For 10-State, 1,262-Well Sale

Bankrupt oil and gas producer Samson Resources Corp. is defending plans for a Chapter 11 sale of 1,262 lower-yield well sites, telling a Delaware court the move will cut expenses by $6 million annually and saying that claims of risks to taxing authorities, landowners or leaseholders are unfounded.
February 09, 2016
Kirkland Can't Collect Fee Fight Costs In Samson Ch. 11

A Delaware bankruptcy judge on Monday refused to allow Kirkland & Ellis LLP and Klehr Harrison Harvey Branzburg LLP to seek reimbursement from Samson Resources Corp. for any expenses from defending their fees, noting a recent Delaware decision blocked similar cost requests.
January 29, 2016
Samson Seeks Nod On Executive Bonuses Amid Departures

Samson Resources Corp. sought permission Friday from a Delaware bankruptcy judge to award bonuses to the oil driller's three most senior officers following the recent departure of its former CEO, saying the incentives are crucial to keep them motivated as the company's ability to restructure remains uncertain.
January 22, 2016
Samson Landowners Want Special Committee In Bankruptcy

Landowners who lease land to bankrupt driller Samson Resources Corp. are asking a U.S. trustee to set up a special committee for them in the bankruptcy proceeding, saying some royalty payments have been short.
December 08, 2015
Samson Gets OK On Skadden Ch. 11 Role, Reveals Hack

A Delaware bankruptcy judge sided with Samson Resources Corp. on Tuesday over retaining Skadden Arps Slate Meagher & Flom LLP to represent one of its directors, a bright spot on a day the debtor in the uncertain case also said it was struck by a $1.8 million hacking attack.
December 02, 2015
Skadden Role In Samson Ch. 11 Slammed By Creditors

Unsecured creditors of bankrupt Oklahoma fossil fuels driller Samson Resources Corp. told a Delaware judge on Tuesday that Skadden Arps Slate Meagher & Flom LLP can't serve as counsel to the court-appointed independent director because the firm is biased towards a former client that has interests conflicting with Samson's.
November 24, 2015
Kirkland Ch. 11 Fee Bid 'Unreasonable,' US Trustee Says

Bankrupt oil and gas company Samson Resources Corp.'s attorneys at Kirkland & Ellis LLP can't recover fees for defending any fee disputes, the U.S. Trustee said Monday, telling a Delaware bankruptcy judge that the firm's request flouts a recent U.S. Supreme Court ruling.
November 17, 2015
Samson Judge Won't Allow Instant Bonus For Resigning CEO

A Delaware bankruptcy judge on Tuesday would not allow Samson Resources Corp. to immediately pay its resigning CEO a $760,000 bonus, rejecting arguments that employee morale would suffer without the award, but did permit him an unsecured claim — full payment of which is questionable as the case currently stands.