Key people Randy Limbacher (CEO) Founded 1971 | Founder Charles Schusterman Type of business Privately held company | |
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Headquarters Tulsa, Oklahoma, United States Subsidiaries Pyr Energy, Samson Investment Co | ||
The Samson Investment Company is the largest privately held company of crude oil and natural gas in the United States.
Overview
It was founded by Charles Schusterman in 1971. It is headquartered in Tulsa, Oklahoma. It has offices in Houston, Texas, Denver, Colorado,. Its current CEO is Randy Limbacher. It employs over 1,200 people.
Its business is 50% natural gas and 50% oil/liquids. It has exploration sites in the United States, Canada, Russia, Venezuela, and the North Sea. It has invested billions of dollars in exploration.
In November 2011, Samson agreed to sell most of its assets (excluding certain assets on the Gulf Coast and in the Gulf of Mexico) to an investment consortium led by Kohlberg Kravis Roberts (KKR) for $7.2 billion. Reports described this as the biggest leveraged buyout transaction of 2011. The company will change its name to Samson Resources, but will keep its headquarters in Tulsa, where KKR principal Henry Kravis was born.
Samson Resources Corporation filed for Chapter 11 bankruptcy protection on September 16, 2015.