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:

September 20, 2016
Prospective Samson Auction Bidder Blasts $6M Breakup Fee

Denver-based FourPoint Energy LLC, which says it is interested in bidding on some of Samson Resources Corp. assets at a planned bankruptcy auction, took aim Tuesday at the nearly $6 million breakup fee baked into the floor offer, arguing it gives the stalking horse bidder an unfair advantage.
September 16, 2016
Deutsche Rips Samson Unsecured Creditors' Standing Bid

Deutsche Bank, the second-lien creditor agent for bankrupt Samson Resources Corp., piled on the opposition to the unsecured creditors' bid to launch derivative claims and challenges to secured lenders' liens, calling their arguments "wholly unsupported by evidence" and accusing them of trying to gain a "stranglehold" over the case.
September 13, 2016
JPMorgan Blasts Challenge By Samson's Unsecured Creditors

JP Morgan Chase Bank NA, the first-lien creditor agent for bankrupt Samson Resources Corp., blasted a bid by the unsecured creditors committee to launch derivative claims and challenges to secured lenders' liens, arguing the issue is being improperly used as a sword to gain leverage and an "unjustifiable" windfall.
September 07, 2016
Samson Proposes Auction With $320M In Stalking Horse Bids

Bankrupt oil and gas exploration firm Samson Resources Corp. submitted proposed bid procedures in Delaware for some of its assets Tuesday that include stalking horse bids totaling $320 million for its business in three mineral-rich basins, and contemplating a sale hearing on Oct. 17.
August 29, 2016
Samson Creditors Call Revised Plan 'Declaration Of War'

An attorney representing Samson Resources' unsecured creditors said Monday that the $4.9 billion Chapter 11 case appears headed toward costly litigation after the company filed a revised restructuring deal in Delaware bankruptcy court that would pay off a senior loan in full and hand control of the business to second lien lenders.
August 15, 2016
Samson Unsecured Creditors Seek OK For $1.5B Ch. 11 Suits

Samson Resources Corp.'s unsecured creditor panel fired a legal broadside at the company's Chapter 11 case late Friday in Delaware bankruptcy court, seeking court approval to open fraudulent conveyance and lien challenge actions on the bankruptcy estate's behalf, with $1.5 billion or more at stake.
July 14, 2016
Samson Delays Ch. 11 Control Fight, Reports Sale Interest

Samson Resources reported promising interest Thursday in a second round of bids for some of the bankrupt company's assets, while also getting a fight with unsecured creditors for control of the company's $4.2 billion Chapter 11 case delayed until September.
July 13, 2016
Samson Gets Nod For Air Quality Deal With Ute Tribe

A Delaware bankruptcy judge signed off on a deal Tuesday between the Southern Ute Indian Tribe and bankrupt oil and gas firm Samson Resources Corp. that settles the company's alleged noncompliance with air quality testing reporting requirements for a compressor station on reservation land.
June 08, 2016
Samson Rips Creditors' Ch. 11 Control Move, Urges Sanctions

Samson Resources Corp. and key lenders lashed out Wednesday against an unsecured creditor committee move to end the company's exclusive control over its Chapter 11 planning, with the company suggesting sanctions against the group for interfering with sale solicitations.
May 25, 2016
Samson Creditors Seek To Wrest Control Of Ch. 11

The committee representing Samson Resources Corp.'s unsecured creditors on Tuesday sought to wrest control of the oil driller's Delaware Chapter 11 case from the company's secured lenders, accusing Samson of using tools in the restructuring to secure broad liability releases for private equity owners over a 2011 leveraged buyout.