Wow: SSN Hits The Big Time -- Motley Fools Put The Spotlight on SSN -- Bakken, North Dakota, USA -- Stockyard Field

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Samson Oil and Gas got on many energy investors' radars last year when it sold roughly 22,700 net acres of its Niobrara shale acreage to Chesapeake Energy. The deal was for $74 million, which valued the land at more than $3,000 per net acre.

This deal provided breathing room for Samson, which had less than $6 million in cash and a book value of just $25 million going into the deal. Flush with cash after the transaction, Samson proceeded to plan the development of its remaining assets.

Samson's main asset is its Hawk Springs project, which includes 16,391 net acres in the Niobrara shale and numerous targets in its conventional Permian/Pennsylvanian oil play. In addition to the Hawk Springs project, Samson also has a 1,200-net-acre position in the Bakken shale in the North Stockyard Field in North Dakota.