Samson Resources II, LLC To Market East Texas And North Louisiana Assets As Part Of Strategic Review Outcome
01 01 1970
TULSA, Okla., May 8, 2017 --Â Samson Resources II, LLC ("Samson" or the "Company") announced today that following a strategic review of the Company's core competencies and underlying reserve and production potential conducted by Jefferies LLC and Houlihan Lokey Capital, Inc., the Company has decided to market for sale its assets in East Texas and North Louisiana through a broad marketing process to be conducted by Jefferies and Houlihan Lokey.Â Samson owns approximately 210,000 net acres (which excludes its fee minerals and other small non-operated working interests) in the East Texas and North Louisiana areas with an 86% working interest in the leasehold, the vast majority of which the Company operates.Â Samson will be accepting offers on the assets marketed as a whole and as four separate sub-packages; specifically, North Louisiana, Shelby Trough, East Texas Haynesville and Gregg-Rusk-Nacogdoches.Â The Data Room for interested parties...
Samson Resources II, LLC Announces Commencement of Drilling Program in the Greater Green River Basin of Wyoming
01 01 1970
The drilling program at the Fort Union property will entail using two rigs to drill five operated wells in the Fort Union formation, a liquids rich gas formation, with expected results of 3.7 Bcfe per well (45% liquids expected) at a cost of $2.9 MM per well. The Company will employ a modern completion design to stimulate the reservoir and maximize the deliverability from each well. First sales are expected in the 1st quarter of 2018.
In addition to this drilling program, the Company has embarked on an aggressive State and Federal permitting program across its assets in the Powder River Basin of Wyoming in anticipation of an active drilling program in the second half of 2018 when the next regulatory drilling window is open.
Joseph Mills, President and Chief Executive Officer, commented: "We are very excited to announce the commencement of this drilling...
Samson Resources II, LLC announces Closing of the East Texas Asset Sale to Rockcliff Energy and sets Record Date and Payment Date for a Special Distribution
01 01 1970
As previously disclosed, Samson will repay approximately $214,000,000 in outstanding borrowings under its Senior Credit Facility. In addition, the Board of Directors of Samson has declared a distribution totaling $250,250,000 ($11.00 / Class A Unit) (the "Special Distribution") to be paid on October 31, 2017 to unitholders of record as of the close of business on October 17, 2017. Investors can access additional information about the Special Distribution by going to the Samson - Merrill Investor site or the Investor section of the Samson Company website.
Joseph Mills, President and Chief Executive Officer of Samson, commented: "We are very pleased to announce the closing of our transaction with Rockcliff and the payoff of our Senior Credit Facility as well as the payment of the Special Distribution to our Investors. Samson is well ahead of its business plan, since emerging from Bankruptcy on March 1,...
Samson Resources Emerges From Bankruptcy
01 01 1970
TULSA, Okla., March 1, 2017 -- Samson Resources Corporation ("SRC") announced today that the Company and its subsidiaries have emerged from Chapter 11 bankruptcy protection, after satisfying all of the conditions required under its Plan of Reorganization (the "Plan"), which was confirmed by the U.S. Bankruptcy Court for the District of Delaware on February 13, 2017. Under the Plan, substantially all of SRC's remaining assets, including its subsidiaries, were transferred to Samson Resources II, LLC ("Samson II" or the "Company"). The majority of the equity in Samson II was distributed to SRC's second lien lenders, both on account of their claims in the bankruptcy and in connection with a $60 million rights offering. In addition, Joseph A. Mills has been officially appointed by the new Board of Directors as Samson II's President and Chief Executive Officer, succeeding Andrew Kidd, who accepted the position in February 2016, having previously served...
Salon & Spa Galleria Announces New Location in Shipping Container Retail Center
02 11 2017
FORT WORTH, TX, November 02, 2017 -- Box Office Warehouse Suites has officially announced Salon and Spa Galleria as an Anchor Tenant. Box Office Warehouse Suites, neighborhood retail center and office business park made out of over 100 shipping containers, welcomes established retailer, Salon and Spa Galleria as their anchor tenant to open by the end of 2017.Ron Sturgeon, local commercial real estate king and owner, recently announced his latest project, Box Office Warehouse Suites, thirty-eight small, multi-use commercial spaces made from refurbished and retrofitted shipping containers, and for that needed credibility he signed up Happy Bank ATM center and Salon & Spa Galleria as those needed anchor tenants."A business like Salon & Spa Galleria carries some serious credibility," says Sturgeon. "They have nine locations, they are an established business, and they have a successful business model. They took a look at what we were trying to accomplish at Box...
Salmon Sims Thomas Accountants & Consultants Completes Series “Metrics That Drive Sustainability"
01 01 1970
Dallas Texas April 09, 2017
Salmon Sims Thomas Accountants & Consultants is pleased to announce the completion of the four-part series of e-books, “Metrics That Drive Sustainability.” The series is available for free as a download on the Church Executive Website.
Rebecca DaVee, a partner at Salmon Sims Thomas says, "We work with churches of all sizes and so many of them don't understand how metrics (or KPIs – Key Performance Indicators) define operating, financing and investing activities. Understanding how these metrics are defined and function allow leaders the ability to properly protect current resources and strategically plan for future growth and ministry expansion.”
Each e-book focuses on a specific aspect of critical importance to church administrators. The first is, “What gets measured and managed, examining the value of church metrics.” Churches always measure things like attendance, donations and participation in ministries. Knowing...
Salesforce Expands Relationship with Dell, Signs Multi-Year Commitment to Use Dell EMC Infrastructure and Dell Laptops
01 01 1970
ROUND ROCK, Texas, May 4, 2017 --Â Dell Inc., the essential infrastructure company, today announces that Salesforce, the world's fastest-growing top-five enterprise software company and #1 CRM provider globally, is expanding its relationship with Dell by signing a multi-year commitment to use Dell EMC infrastructure in its global data centers and empower its employees with Dell Latitude laptops.
Salesforce will extend its use of a variety of Dell EMC solutions, including VMAX All Flash and Isilon scale-out NAS storage arrays, Data Domain data protection products and PowerEdge servers. The new all-flash storage arrays will provide the petabyte-level storage and data protection Salesforce requires. Dell EMC storage and services will enable Salesforce to maximize the performance, reliability, availability and efficiency of its infrastructure to deliver the Salesforce Intelligent Customer Success platform to customers around the world. With Dell Latitude1 client solutions,...
Sales Focus Inc. Adds 6 New Clients in March
01 01 1970
"Sales Focus was able to analyze our market and direct our sales efforts towards the most lucrative opportunities. Knowledge, process and focus were brought into our business from the very beginning of our engagement," CEO, iJet Travel Intelligence.
Marriottsville, MD April 05, 2017
Over the past 20 years SFI has been recognized as the world’s leader in Intelligent Sales Outsourcing Solutions. Their “Full Service Sales Solution” provides their clients a team of experts including Executive Management, Human Resources, Financial Management, Recruiters, Leader Generation and Feet On The Street Sales Teams.
In March, Sales Focus has added 6 New Clients, covering a wide range of industries. Volusion, an Ecommerce Website Solution Company has hired outside sales reps in Austin Texas. Choice Care, a Diversified Cloud Based Claim/Billing System has added outside sales reps to Atlanta, Georgia. MARCOA, a California based Marketing/ Advertising for military relocation added...
Sales Focus Inc. Adds 2 New Clients
01 01 1970
Marriottsvile, MD August 01, 2017
Intelligent Sales Solutions to Fit Every Industry across the US and Globally
Sales Focus Inc. (SFI), a US-based sales outsourcing company, announced today that it has launched two new clients into the US market. Sales Focus Inc., an International leader in Sales Outsourcing is able to provide immediate revenue generation by providing dedicated sales teams to individual companies. To complement their growth in the Sales Outsourcing Industry, SFI has added Consulting, Co-Sourcing and Recruiting to complement their existing portfolio of Intelligent Sales Solutions.
It has been a busy summer for Sales Focus, launching 2 clients into the US Market. Over the past 20 years SFI has been recognized as the world's leader in providing Intelligent Sales Outsourcing Solutions to many industries across the US and Internationally, with partners in Europe, South America and The Middle East.
Working with Energy Companies is nothing new for Sales Focus. SFI has...
Sabre outlines strategy to innovate the next level of travel distribution and retailing
01 01 1970
Menke said that the development of NDC standards was just the first step in a series of changes that will impact the way airlines market their services and how travel agencies retail those services to consumers. But there are a host of other implications, including airline revenue management, ticketing fulfillment and servicing and other back-office functions that travel agencies provide in support of airlines – most especially travel management companies that support business travelers. "Sabre has a history of bringing together the interests of travel suppliers and travel retailers and finding ways for technology to move the industry forward. The conversations we have today with airlines and agencies are very different from our discussions even a few years ago. The forward-thinking people are focused on driving value creation for airlines and agencies alike. That's how we will make NDC work. Over the coming months, we'll be talking more about how...
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