Samson Investment Co.

NEW, Privately held Samson Investment Co., Tulsa, Okla., has retained Richardson Barr & Co. to sell all of its South Texas production and a large undeveloped acreage position. The package includes an average 78.5% working interest (58.5 net revenue interest, 92% operated) in 68,000 gross acres (34,500 net) in Hidalgo, Starr and Brooks counties. Total net proved reserves are 125 billion cubic feet equivalent. The Hargill Field discovery in Hidalgo County includes a 100% working interest (74.3% NRI, 100% operated) with three producing wells from the Frio fault traps, three proven undeveloped drilling locations, five probable and one possible. Hinde Field in Starr County includes 100% working interest (82.3% NRI, 100% operated) with 10 producing wells from the Vicksburg formation, two proven undeveloped and four probable drilling locations, and six proven developed nonproducing cases. The Encino area in Brooks County includes 60% average working interest (44.7 NRI, 100% operated) with eight producing wells from the Vicksburg formation and 15 drilling sites proven undeveloped, 29 probable and 25 possible, and four proven developed nonproducing cases. The Mills Bennett Field discovery in Brooks County includes 100% working interest (75.8% NRI, 100% operated) with two producing wells from Yegua fault traps, and five proven undeveloped drilling locations, 20 probable and 21 possible. The Rincon and other properties include 76.5% average working interest (56.2 NRI, 61% operated) with 184 producing wells in the Frio, Lobo, Wilcox and Vicksburg formations. Additional upside includes one proven undeveloped site, nine probable and 98 proven developed nonproducing. The effective date is Jan. 1. The data room is open. Bids are due in mid- February. Closing is expected in late March. Contact Scott Richardson, 713-585- 3300.