26
Samson Resources II, LLC EnerCom Conference August 2019 II
Samson Resources II, LLCEnerCom ConferenceAugust 2019 II
Forward-Looking Statements and Risk FactorsThis presentation contains certain matters that may be considered “forward-looking” statements within the meaning of Section 27A of the Securities Actof 1933, as amended, Section 21E of the Securities Exchange Act of 1934, including statements regarding the intent, belief or current expectations andprojections of Samson Resources II, LLC (the “Company”) and its management. These statements can be identified by the use of forward-lookingterminology, including “plan”, “intend”, “will”, “expect”, “anticipate”, “project”, “should”, “could” or other similar words. You are cautioned that anysuch forward-looking statements are not guarantees of future performance and are subject to a number of assumptions, risks and uncertainties many ofwhich are beyond the control of the Company, its subsidiaries, or its and their management, representatives and advisors, that could materially andadversely affect actual results. These include risks relating to our financial performance and results, our ability to improve our financial results andprofitability following emergence from bankruptcy, our ability to complete pending asset sales, availability of sufficient cash flow to execute ourbusiness plan, continued low or further declining commodity prices and demand for oil, natural gas and natural gas liquids, our ability to hedge futureproduction, our ability to replace reserves and efficiently develop current reserves, and the regulatory environment and other important factors thatcould cause actual results to differ materially from those anticipated or implied in the forward-looking statements and none of the Company, itssubsidiaries, or its and their representatives and advisors undertake any obligation to update any such statements.
Reserve EstimatesThe SEC permits oil and natural gas companies, in their filings with the SEC, to disclose only proved, probable and possible reserves that meet the SEC’sdefinitions for such term. The Company may use terms in this presentation that the SEC’s guidelines strictly prohibit in SEC filings, such as “estimatedultimate recovery” or “EUR,” “resources,” “net resources,” “total resource potential” and similar terms to estimate oil and natural gas that mayultimately be recovered. These estimates are by their nature more speculative than estimates of proved, probable and possible reserves as used in SECfilings and, accordingly, are subject to substantially greater uncertainty of being actually realized. These estimates have not been fully risked bymanagement. Actual quantities that may be ultimately recovered will likely differ substantially from these estimates. Factors affecting ultimaterecovery include the scope of the Company’s actual drilling program, which will be directly affected by the availability of capital, drilling and productioncosts, commodity prices, availability of drilling services and equipment, lease expirations, transportation constraints, regulatory approvals, field spacingrules, actual drilling results and recoveries of oil and natural gas in place, and other factors. These estimates may change significantly as thedevelopment of properties provides additional data. These estimates may not be reflective of the Company’s current view of reserves.
PV-10PV-10 represents the present value, discounted at 10% per year, of estimated future net cash flows. The Company’s calculation of PV-10 herein differsfrom the standardized measure of discounted future net cash flows determined in accordance with the rules and regulations of the SEC in that it iscalculated before income taxes, rather than after income taxes. The Company’s calculation of PV-10 should not be considered as an alternative to thestandardized measure of discounted future net cash flows determined in accordance with the rules and regulations of the SEC.
Disclaimer
2II
Samson Today
Samson is focused on delivering shareholder return with a balanced and lower risk growth strategy...........
(1) 08/01/2019 STRIP: 2019 $2.58 MMBTU, $55.94 BO, 2020 $2.47 MMBTU, $52.39 BO held flat after year 5 (2) Q2 2019 SEC Pricing Natural Gas / Oil : $3.014 / $61.39(3) Includes PDP, PDNP and SEC PUDs, plus PUDs developed within 5 years
▪ Strategically Repositioned…
➢ Pure play Wyoming oil focused E&P Operator
➢ Company has ~210,000 net acres in the Powder River Basin (PRB) and the Greater Green River (GGR) Basin of Wyoming
• Total drilling inventory of ~3,900(1) gross development locations
• ~11,350 Boe/d current production (55% liquids / 45% natural gas)
• Proved Reserves 06/30/2019 of ~90.9 MMBoe (using 2Q 2019 SEC prices) (2)(3)
– Proved PV-10 of ~$517 MM (2)(3)
• Low Debt level with strong balance sheet, liquidity and production growth
– 90% production growth since 01/01/2019
– Current Leverage Ratio = 0.4x
• Actively drilling and developing its asset base in the PRB and GGR
Samson Today
4II
Current Liquidity Summary.Samson Resources II – 2017 was a busy year………
2019 Activity
5II
➢ Focused on oil production and reserve growth in the PRB and GGR in Wyoming
• 2019 Capital program of ~$130 - $140 MM
• Project first sales of 20 - 22 gross operated wells in Wyoming in 2019
– Currently running 1 operated rig in PRB
• Anticipate growing production from the 2018 exit rate of 6,060 Boe/d to between 11,500 -12,500 Boe/d for FY 2019
➢ Focus on executing a delineation drilling program both in the PRB and GGR• Delineate acreage for conventional and unconventional targets in the PRB• Establish low cost, efficient, repeatable and highly economic drilling program in the GGR• Continue to monetize non-core assets to strengthen balance sheet
➢ Maintain practice of financial discipline• Meaningful increase to EBITDA while maintaining focus on capital discipline and a leverage
ratio < 1.0x
➢ Well hedged commodity exposure for Proved volumes at strong prices• $57.97 (Bal 2019), $60.09 (2020), and $55.17 (1Q 2021)/ Bbl crude• $2.94 (Bal 2019) & $2.74 (2020) / MMBtu natural gas
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
1 2 / 1 7 0 3 / 1 8 0 6 / 1 8 0 9 / 1 8 1 2 / 1 8 0 3 / 1 9 0 6 / 1 9
Bo
e/d
Powder River
Samson Production Growth
6
Greater Green River
➢ Samson’s production growth has been robust since restarting the drilling program and has a continued positive outlook. Anticipated 2019 exit rate is between 11,500 – 12,500 Boe/d.
▪ Overview of RBL Credit Facility➢ Borrowing base was reaffirmed at $160 MM during the scheduled 2019 Spring
redetermination, which went into effect on 04/10/2019• Current Net Debt to EBITDA = 0.4x Leverage Ratio• Current Ratio Test = 5.2x
➢ Facility matures in November 2020 and the Company plans to extend the facility to keep it from going current
▪ Samson had $23 million of net debt at 06/30/2019 and no other debt
Samson Resources II – 2017 was a busy year……… Samson’s Liquidity
7
08/01/2019
RBL Borrowing Base 160$
Less: RBL Balance (26)
RBL Availability 134$
Plus: Cash 3
Total Liquidity 137$
Current Liquidity Build-Up
(1) Oil hedges do not incorporate NGL volumes or pricing. (2) Hedged oil volumes for 2019 include swaps and costless collars, but the hedged oil pricing only reflects swap agreements.(3) BTU factor of 1.085 utilized in calculation of Natural Gas volumes.
Hedge Portfolio as of 08/01/2019
8
Samson continues to strategically execute opportunistic hedges to reduce uncertainty surrounding future cash flows.
Samson is allowed to hedge up to 85% of Total Proved production through 2020, and 50% thereafter under the RBL credit facility.
◼ Bal 2019 Hedge Positions
─ Oil Volumes: 3.2 MBbl/d
─ Oil Weighted Avg. Price: $57.97
─ Gas Volumes: 13.9 MMcf/d
─ Gas Weighted Avg. Price: $2.94 (MMBtu)
─ Gas Basis Volumes: 8.4 MMcf/d
─ Gas Basis Weighted Avg. Price: ($0.69) (MMBtu)
─ NGL Volumes: 21.4 MGal/day
─ NGL Weighted Avg. Price: $0.90
─ Proved % Hedged: Oil (76%), Gas/Basis (52%/25%), NGL (16%)
◼ FY 2020 Hedge Positions
─ Oil Volumes (Jan-Feb): 3.1 MBbl/d
─ Oil Weighted Avg. Price: $60.09
─ Gas Volumes: 7.1 MMcf/d
─ Gas Weighted Avg. Price: $2.74 (MMBtu)
─ Proved % Hedged: Oil (73%), Gas/Basis (24%/0%), NGL (0%)
◼ 1Q 2021 Hedge Positions
─ Oil Volumes (Jan-Feb): 1.0 MBbl/d
─ Oil Weighted Avg. Price: $55.17
─ Proved % Hedged: Oil (18%)
Oil Hedge Positions (1)(2)
Natural Gas Hedge Positions (3)
Natural Gas Liquids Hedge Positions
3.2 3.1
1.0 $57.97
$60.09
$55.17
$55.00
$57.50
$60.00
$62.50
$65.00
-
1.0
2.0
3.0
4.0
Bal 2019 FY 2020 1Q 2021
Pri
ce (
$/B
bl)
Vo
lum
e (
MB
bl/
d)
13.9
7.1
-
$2.94
$2.74
$2.50
$2.75
$3.00
$3.25
$3.50
-
4.0
8.0
12.0
16.0
Bal 2019 FY 2020 1Q 2021
Pri
ce (
$/M
MB
tu)
Vo
lum
e (
MM
cf/d
)
20.8
- -
$0.90
$0.80
$0.85
$0.90
$0.95
$1.00
-
7.0
14.0
21.0
28.0
Bal 2019 FY 2020 1Q 2021
Pri
ce (
$/G
al)
Vo
lum
e (
MG
al/d
)
2Q 2019 Samson Reserves (SEC Prices)
9(1) Technical PUDs represent PUDs that are accounted for after the 5-year SEC rule(2) SEC price for 06/30/2019 is $61.33 per barrel and $3.014 per MMBtu
Overview of Proved Reserves and 1P Reserves
Volumes Summary PV-10 ($M)
Oil(MBbl)
NGL(MBbl)
Nat. Gas(MMcf)
Total(MBoe)
SEC 6/30/2019(1)
PDP 9,999 7,067 65,705 28,017 $300,470
PDNP 54 60 453 190 $1158
PUD 11,223 22,852 171,455 62,651 $215,170
Total Proved 21,276 29,980 237,612 90,858 $516,798
23%
33%
44%
Oil NGL Gas
31%
69%
PDP PDNP PUD
58%
42%
PDP PDNP PUD
$517 MM of 1P Value 91 MMBoe of 1P ResourcesCommodity Mix
Asset Overview
Samson ResourcesWyoming Assets
Powder River Basin
Green River Basin
10
11
Powder River Basin
◼ Net Acres: ~162,000 (81% HBP)
◼ Current Prod: 5,500 Boe/d (73% liquids)
◼ Op Producing: ~135 gross
◼ Locations: ~3,770(1) gross
◼ 2019 Operated Drilling Program:
Average GWI 90%
Average NRI 74%
8/8th NRI 82%
◼ Economic stacked-pay oil resource with significant industry momentum applying modern completion and drilling designs.
◼ Deep inventory of drilling permits…
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(1) 08/01/2019 STRIP: 2019 $2.58 MMBTU, $55.94 BO, 2020 $2.47 MMBTU, $52.39 BO held flat after year 5
(5)
(1)
(1)(2)
(2)(1)
12
Samson PRB Field Development Plan
II
13
PRB Competitor Activity - Conventional
3
2
1
7
4
5
6
10
11
12
1314
15
Shannon Hzl
Frontier Hzl
Turner Hzl
DVN Super Mario
Shannon Sand Trend
Location Company Comment
1 SamsonSpearhead Fed [SHNN] Producer,[2] Ogalalla [SHNN] wells, spud 08-2019
2 Impact [1] well drld, CONF- producing
3 Northwoods[6] wells, 1- T.A., 2- producing, 2- WOC,1- drilling- Aspen 11W02-3SH [Sawtooth Fed #2]
Frontier Sand Trend
Location Company Comment
4 Samson [3] new drills, 2 producing, 1 W.O.C.
5 Impact [7] new drills, 3 producing, 4 W.O.C.
6 Northwoods [10] new drills, 5 producing, 5 W.O.C.
7 Wold [2] wells, producing
8 Peak Powder River Historical Program, [1] Rig- drilling
Turner Sand Trend
Location Company Comment
9 Samson [2] new wells, 2 W.O.C.
10 EOG Historical Drlg Program, not active
11 DVNActive Drlg Program, 3 rigs drlg 5 wells;[1] 3-well /DSU spacing test
12 AECActive Drlg Program, [2] rigs drlg 4 wells,**Historical 3-well/DSU program
13 APC Active Drlg Program, 2- well pad, W.O.C.
14 CHK Active Drlg program, [5] rigs drlg 17 wells
15 Rockies Res 1st well in basin, [1] well- W.O.C.
16 Elephant Operating 1st well in basin, [1] well, W.O.C.
*highlighted wells spud > 01/2018*greyed out wells spud < 01/2018
169
8
Campbell CoConverse Co
PRB Competitor Activity - Unconventional
13
Niobrara Hzl
Mowry Hzl
DVN Super Mario
8
1
7
12 2
3
14
4
13
10
11
9
Mowry Shale Trend
Location Company Comment
1 Samson [1] well, CONF/producing
2 EOG [9] wells drilled, 2- producing, 7 CONF/WOC
3 Ballard [1] well drilled, CONF/WOC
4 AEC [1] wells drilled, CONF/WOC
5 Peak Powder River [2] wells-CONF/WOC, [1] rig- drilling
Niobrara Formation Trend
Location Company Comment
6 Samson [1] well, CONF/producing
7 Titan Exploration[5] wells CONF, 1- producing, 1-J&A, 2-WOC, 1-drilling
8 Impact Explor [1] well, CONF/W.O.C.
9 Navigation Petr [1] well, CONF/Producing
10 DVN [10] wells, 3 producing, 7- CONF/WOC
11 AEC [11] wells, 4 producing, 7- CONF/WOC
12 EOG[6] wells, 2 producing, 4- CONF/WOC,
1- drilling
13 RKI/Renos [6] wells, 4 producing, 1- W.O.C. 1- drlg
14 Ballard [1] well, CONF/WOC
15 Northwoods Energy 1st NIOB well in basin, prep to drill
*highlighted wells spud > 01/2018*greyed out wells spud < 01/2018
6
15
5
14
Converse Co
Campbell Co
Samson PRB Current Operations
15
Brushy Creek Fed 3772-0631 1FH
(Turner Formation)
• One week into flowback – early results are encouraging
Reynolds Fed 3872-3106 3FH(Turner Formation)
• One week into flowback – early results are encouraging
Bohlander Fed 3974-1720 2FH
(Frontier Formation)
• Prepping for frac
Ogalalla Fed 21-2215 40-75SH(Shannon Formation)• Spud Week of August 4th
Ogalalla Fed 4075-2215 2SH(Shannon Formation)• Spud Week of August 4th
1
1
2
2
1
2
1 2
(5)(1)
(1)(2)
(2)(1)
Converse Co
Campbell Co
16
Shannon Sand Activity
Shannon Sand:
• In Development Mode in Converse County, WY
• Spud Samson’s Ogalalla 2-well SHNN pad
• CWC= $9.5 - $10.2 MM
• EUR: 557 – 1,059 MBOE/d
[89% oil, 5% NGL]
* highlighted wells spud > 01/2018* greyed out wells spud < 01/2018
Samson Two-Well pad
1
2
3
N.W.E. Sawtooth FedIP30 – 1,550 Boe/d
N.W.E. Aspen 11W02-3SH-drilling, “Sawtooth offset”
Samson Spearhead FedIP30 – 2,075 Boe/d
2
3
1
Samson Area of Activity
Samson Resources
SHANNON core10817’-10967’
*used to buildreservoir Model
and for wellPlanning/steering
Lower Turner Program -Hornbuckle Area, Converse County:
• Strong results in Core Turner by EOG and Devon to the north east of Samson’s acreage
• Samson: expanding play to the W-SW through drilling
Brushy Creek- flow backReynolds- flow back
• CWC= $8.6 - $9.4 MM
• EUR: 599 - 1,389 MBOE/d
[83% oil, 6% NGL]
17
Lower Turner Program
1
Samson's First Turner Wells
Lower Turner Sand Trend
Samson Activity
Producing Lower Turner
1
2
2
EOG Marys Draw 50-2326HIP30 1775 Boe/d
DVN T-55 Fed 35-023872-1XTHIP30 1630 Boe/d
EOG Blade 19-3130HIP30 2050 Boe/d
EOG Marys Draw 267-2227HIP30 2100 Boe/d
PRB Niobrara Activity
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Samson Area ofActivity/Interest
• Currently 5 rigs active withNIOBRARA wells
• 36 NIOB wells spud since 1/01/2018
• 26 NIOB wells listed as CONFIDENTIAL, eitherWOC, Frac’ing, or Producing
• 8-10 new wells to be spudby YE2019
• CWC: $10.1 - $12.5 MM• EUR: 611 – 1,489 MBOE/d
[72% oil, 11% NGL]
Titan ExplorationW.I. Moore 4174-2536-8NH
Producing [CONF]
Samson ResourcesAllemand Fed 34-3031 30-74 NH
IP30 - 2248 BOE/d (CONF)
Impact ExplorationFederal 15E-10-3H
W.O. frac
Renos L/MDuke Un 3672-9-1NH
W.O. frac
Titan ExplorOgalalla 4075-2116-4NH
DO frac plugs
Navigation Powder RVRCole Fed 30-43-77-7H
Producing [CONF]
Devon EnergySDU Tillard 3-well spacing test, WOC
Devon EnergySDU Tillard 2-well spacing test, WOC
EOG ResourcesKatara 2-well spacing
test, WOC
Devon EnergyRU PRCC FED
2-well spacing test, WOC
*highlighted wells spud > 01/2018*greyed out wells spud < 01/2018
DVN Super Mario
Samson Resources
NIOBRARA core11508’-11798’
*used to buildreservoir Model
and for wellplanning/steering
Strong Frontier Results
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Allemand Fed 21-2017 39-74FH, Converse County:
• Spud to rig release 35 days (26% faster than Allemand 1918)
• 97% of the job was pumped as designed. Stages: 42, Fluid: 281,341 bbls, Sand: 13,196,700, ELL: 9,666, Clusters/Stg: 9
– 29.1 bbls/ft (1918 was 25 bbls/ft)– 1,365 lbs/ft (1918 was 1,351 lbs/ft)
• SI for offset frac. Pre-shut in rates of ~1,200 bo/d and 6.0 MMcf/d
• Cumulative production to date (41 days)– Oil: 44,363 Bbls– Gas: 211,543 Mcf
• CWC: $11.5 MM• EUR: 2,279 MBOE/d
[32% oil, 26% NGL]
1 2
3
Samson 3rd Frontier Hzl well
3rd Frontier Sand Vertical Producer, Offset
SRC Allemand 1918 (02/2019 first sales)
SRC Allemand 2017 (06/2019 first sales)
N.W.E. Aspen 13W24-7FH
SRC Bohlander Fed
1
2
3
4
4
20
Powder River Basin “Scorecard”
II
South North➢ Samson continues to execute on a strategy of delineation of multiple horizons➢ Since July 2018 Samson has drilled:
• 1 Shannon (2 additional have been spud)• 1 Niobrara• 3 Frontier (1 is WOC)• 2 Turner (both in early stages of flowback)• 2 Mowry
Top Performing Wells (3 Mo Cum Oil)
RANK 1 2 3 4 5
FORMATION
SHANNON SAMSON SM (NORTHWOODS) SM (NORTHWOODS) SM (NORTHWOODS) SAMSON
FRONTIER WOLD ANSCHUTZ SM (NORTHWOODS) SM (NORTHWOODS) IMPACT(1)
TURNER PEAK NAVIGATION DEVON BALLARD CHESAPEAKE
NIOBRARA SAMSON CHESAPEAKE DEVON RENOS ANADARKO
MOWRY EOG EOG EOG SAMSON PEAK
➢ Recent success in the Frontier should add Samson to the top 5 performers list in the Frontier. Well currently has 1.5 months of production.
(1) Denotes wells acquired by the current operator but drilled by a previous operator
◼ Net Acres: ~48,000 (63% HBP)
◼ Current Prod: 5,850 Boe/d (33% liquids)
◼ Op Producing: ~50 gross
◼ Locations: 215(1) gross
◼ Highly consolidated liquids-rich gas play with strong recent results and economic inventory at current prices.
II
Green River BasinMilagro
Federal Unit
(1) NYMEX pricing as of July 5, 2019. 5-year average of $54.36 / Bbl and $2.60 / MMBtu. 21
Sweetwater County
Carbon County
0Deep Inventory of High-Returning Locations in Defined Core of the Play
◼ Samson acreage encompasses the core of the Washakie Basin Fort Union play
◼ Core is defined by a high pressure, low depletion risk, liquids rich fairway that is in the highest gross sand (250’+)
─ >125 core locations reside in this fairway
─ >90 incremental locations are prospective with gross pay >150’
─ Significant liquids contribution, with yields ranging from 17 to 38 Bbl/MMcf (average 29 Bbl/MMcf)
◼ Core position is well delineated and understood, with vast technical and production data available
Single Well IRR (1)Gross Pay Map
Core Tier I Tier II
Type Curve Area
53%
28%
16%
(1) NYMEX pricing as of July 5, 2019. 5-year average of $54.36 / Bbl and $2.60 / MMBtu. D&C cost of $3.8 MM.
Fort Union Vt
Type Curve Area
Type Curve Unit Core Tier I Tier II
EUR, Crude Oil MBbls 134 101 78
EUR, Natural Gas MMcf 4,580 3,435 2,656
EUR, Wellhead MMcfe 5,385 4,039 3,123
EUR, Crude Oil MBbls 134 101 78
EUR, Residue Gas MMcf 3,289 2,467 1,908
EUR, NGLs MBbls 204 153 118
EUR, Processed MMcfe 5,318 3,988 3,084
WGR Bbl / MMcf 35 35 35
EUR, Water MBw 160 120 93
Differential & Processing Assumptions
(1 less Shrink) % 71.8% 71.8% 71.8%
NGL Yield Bbls / MMcf 44.5 44.5 44.5
D&C Capex $ MM 3.8$ 3.8$ 3.8$
Single Well IRR (1) % 53% 28% 16%
Single Well PV-10 (1) $ MM 3.5$ 1.6$ 0.5$
Man Camp pad average forecast IRR is 77%
Samson Resources II – 2017 was a busy year……… Greater Green Highlights
22
Samson Acreage
Core Location
Tier I Location
PDP
Core GOR Fairway
Tier II Location
Regional View
SweetwaterCarbon
Moffat
▪ Milagro Federal Unit has been established• Unit is comprised over
25,600 acres• Allows for orderly
development of the Fort Union formation and deeper formations
• Samson is the Operator of the Unit with over 95% WI
▪ Unit Obligation well drilled in March 2019, approved by the BLM as a “Paying Well Determination” as of July 2019
▪ STIP window commences March 1, 2019 and will not reopen until July 2019
Milagro Federal Unit: Fort Union ProgramMilagro Federal Unit
23II
2017 Drill
2018 Drill
2019 Drill
Milagro Unit
Man Camp
Samson Resources II – 2017 was a busy year……… Man Camp Summary
24
68Northwest Southeast
3,800’
1,000’
520’
S08-24V S08-23V S17-03V S17-02V
520’
S08-24V
S08-23V
S17-03V
S17-02V
Surface Location
$3.274$3.082
$2.084
0
6
12
18
24
30
36
42
$0.0
$1.0
$2.0
$3.0
$4.0
$5.0
Historical Avg Section 31 Avg Man Camp Avg
Day
s
$M
M
Drilling Costs Over Time
Avg Drilling cost
17 Wells 4 Wells2 Wells
Samson Resources II – 2017 was a busy year……… Man Camp Continues to Outperform Expectations
Key Points
◼ 4-well Man Camp pad has continued to outperform, with slightly higher performance relative to type curve
─ Stronger single well IRR associated with the “Core” type curve
─ ~125 “Core” locations identified with similar characteristics to the Man Camp pad (spacing and reservoir characteristics)
◼ Man Camp 2V has a fish in the wellbore – only half of perforations open to flow
◼ Man Camp 24V is also partially constrained due to a fish in the wellbore
Performance Summary
Day 60 Rate(Mcf/d)
Day 87 Rate(Mcf/d)(1)
Type Curve 4,019 3,427
Man Camp Avg. 6,021 5,925
Delta 50% 56%
Daily Gross Gas Rate
Cumulative Gross Gas
0
100
200
300
400
500
600
700
30 60 90 120 150
Cu
mu
lati
ve G
as (
MM
cf)
Days Online
Man Camp 23V
Man Camp 24V
Man Camp 2V
Man Camp 3V
Man Camp Average
Type Curve
(1) Shortest lived Man Camp well has 87 days of gas production (2) D&C cost of $3.8 MM. 25
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
30 60 90 120 150
Gas
Rat
e (M
cf/d
)
Days Online
Man Camp 23V
Man Camp 24V
Man Camp 2V
Man Camp 3V
Man Camp Average
Type Curve
Investor Contact: [email protected] 918.591.1449
Summary:➢ Samson has repositioned itself as an oil focused Wyoming Operator➢ Company continues to execute on its drilling program while driving down overall cost structure
• Volumes have grown 90%+ since 01/01/2019➢ Balance sheet and credit metrics remain very positive…….. Low Leverage, strong balance sheet and liquidity➢ Focused on Strategic Process
• Evaluating sale of Green River and Powder River Basin Assets in an improving M&A cycle• Continue to execute on increasing oil production as a low cost, efficient Operator
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