Tulsa, Oklahoma-based Samson Resources II LLC has agreed to sell its assets in East Texas and North Louisiana to an affiliate of Houston-based Rockcliff Energy II LLC for $525 million.

The deal, which is expected to close on Sept. 29, comes after Samson emerged from bankruptcy as the successor to Samson Resources Corp. on March 1. The company eliminated $4 billion of debt through the Chapter 11 process.

In May, Samson announced it tapped investment banks Jefferies LLC and Houlihan Lokey Capital…

Source: https://www.bizjournals.com/houston/news/2017/08/02/houston-energy-co-buys-assets-from-reemerged.html?ana=RSS%26s=article_search