Founded in 1971, Samson Energy Company has over 45 years of success in finding and producing oil and natural gas
In 1971, Charles Schusterman of Tulsa formed Samson Resources Company. In 1986, Samson Investment Company was incorporated to be the holding company for the various Samson entities. Through astute management, dedicated employees, and a focus on profitable investments, the company expanded its employee base as well as its geographical footprint. In 2000, Mr. Schusterman stepped down as Chief Executive Officer and was replaced by his daughter, Stacy Schusterman. Mr. Schusterman passed away in December, 2000.
By its 40th anniversary in 2011, Samson had grown to be the largest privately held oil and gas company headquartered in the United States. In one of the largest transactions involving U.S. oil and gas assets, the stock of Samson Investment Company was sold to an investor group led by KKR and Co, L.P. in December 2011.
The Schusterman family desired to remain in the oil and gas exploration and production business following this transaction. They formed Samson Energy Company, LLC in order to allow them to remain in the industry and expand into new areas, including the Delaware Basin in Texas; the DJ Basin in Wyoming; and the Marcellus Shale Play in Pennsylvania. Samson has now sold the majority of its assets and focuses on the development of its only remaining asset -- its DJ Basin properties in Wyoming.
Charles Schusterman, founder, and his daughter Stacy at the American Stock Exchange, 1986. Stacy Schusterman is Chairman of Samson Energy Company, LLC.