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.
In connection with this transaction, the Schusterman family retained certain key oil and gas properties located in the Gulf Coast area of Texas and Louisiana, the Deepwater Gulf of Mexico, and certain other energy related assets. Since this transaction, Samson acquired additional producing assets in the Delaware Basin, Texas; DJ Basin, Wyoming; and Marcellus Shale Play, Pennsylvania. Samson, as of year-end 2017, has since sold the majority of the assets. Samson does continue to operate and develop its DJ Basin asset in Wyoming as well as its producing field in the Gulf Coast Texas and participates in the Deepwater Gulf of Mexico.
Charles Schusterman, founder, and his daughter Stacy at the American Stock Exchange, 1986. Stacy Schusterman is Chairman and CEO of Samson Energy Company, LLC.