M&A Lookback: Samson/Rockcliff

Breaking down the Haynesville Sale

With crude prices languishing in September 2015, Samson Resources, loaded up with debt from the $7.2 Billion KKR LBO, finally succumbed to the B/S issues and filed bankruptcy. At the time, the company held assets in the mid-continent, the Powder River Basin, Green River Basin, East Texas, and other acreage scattered throughout the US.

Still overlevere…