Last Post for The Evening -- Early Morning Reading For Some -- Bakken, North Dakota, USA

The following was a comment sent in by "anon 1" who never fails to surprise with great links:

http://www.samson.com/operations.html

http://online.wsj.com/article/SB10001424052970204450804576623453310949760.html


"Samson Investment Co., one of the country's largest privately held oil and gas explorers, is considering strategic options including whether to sell itself in a deal that could fetch as much as $10 billion ...

The first link takes you to a very impressive web page to include:

Samson’s oil and natural gas activities originate from our headquarters in Tulsa, Oklahoma and include most major oil and gas regions in North America. Some key producing regions and basins for Samson are East Texas, Texas Gulf Coast, Anadarko, Permian, San Juan, Green River, and the Williston Basin.


Samson operates more than 4,000 wells and has interests in more than 11,000 wells. Production operations are a core strength at Samson and the company operates more than 80% of its total production. Our experienced and resourceful field ....

Samson is an active driller in the United States and annually spends well over a billion dollars a year in drilling new wells. It will operate the drilling of close to 500 wells and will drill more than 1 million feet of new hole in a single year.

The second link takes you to a Wall Street Journal in which Samson is looking at several options:

Samson Investment Co., one of the country's largest privately held oil and gas explorers, is considering strategic options including whether to sell itself in a deal that could fetch as much as $10 billion, according to people familiar with the matter.


The Tulsa, Okla.-based company, little known outside the oil patch, has been seeking a financial adviser to assess a range of options from setting up a joint venture to a full sale, the people said.

Very, very interesting. WLL? BEXP? CLR? or will it be one of the majors? Or an oil service company, SLB, HAL? WMB, which I always thought of as a pipeline company is actively drilling in the Bakken when it bought mineral acreage in the reservation and is now drilling through Dakota-3 LLC. So, anything is possible, I suppose. CLR's market cap is about $10 billion.