Two debt-heavy operators in the state, Tulsa, Okla.-based Samson Resources and Denver-based American Eagle Energy, filed for Chapter 11 bankruptcy, planning to sell off Bakken assets to pay back what they owe.
Samson, with production acres in the Three Forks and Middle Bakken plays, has not yet succeeded in selling off acreage.
According to 2012 reports, Samson had 400,000 acres in the Bakken. Later that year, it would sell 116,000 acres, primarily in Divide and Williams counties, to Continental Resources for $650 million. No other sale of assets has been reported by the company since then.
American Eagle held 54,262 acres in the Bakken in late 2014. In early 2015, it sold 1,185 leasehold acres in Divide County for $9.5 million.The Samson Resources story is not exactly "news." It was announced August 15, 2015, that the company was planning to file for bankruptcy.
The American Eagle story is not exactly "news" either. This was announced back on May 11, 2015.