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Tag Archives: Samson Resources

More companies operating in Bakken oil patch file bankruptcy

BISMARCK, N.D. — Two more energy companies operating in North Dakota’s Bakken oil patch have filed for Chapter 11 bankruptcy in the midst of slumping crude prices. The Bismarck Tribune reports Tulsa, Oklahoma-based Samson Resources and Denver-based American Eagle Energy plan to sell off Bakken assets to pay debts. Between June and late September, 10 oil and gas companies filed ...

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Timeline of 180k gallon brine spill questioned

Last week, large volumes of saltwater were spilled in the northwest corner of North Dakota due to a broken pipeline, reports the North Dakota Department of Health. The spill occurred about seven miles northwest of Crosby in Divide County, releasing over 4,000 barrels, or over roughly 179,000 gallons, of brine water. According to the Williston Herald, Oklahoma-based Samson Resources reported ...

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Bankruptcy a possibility for Samson Resources

Debt amounting to $4.2 billion may prompt one of Wyoming’s largest oil and gas producers to file for bankruptcy, the Casper Start Tribune reports. Tulsa-based Samson Resources Co. announced in March that it planned to cut 196 Wyoming employees from its 1000-person workforce and 270 company-wide. Despite the company’s efforts to offset the debt, including the sale of oilfields in ...

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