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Samson Resources II, LLC Announces the Closing of the Sale of Its Powder River Basin Assets News provided by Share this article Share this article TULSA, Okla., March 4, 2021 /PRNewswire/ -- Samson Resources II, LLC ("Samson" or the "Company") announced today that it has successfully closed the previously announced sale of its Powder River Basin assets to Continental Resources, Inc.     Following this closing, the Company has successfully divested substantially all of its upstream assets. The Company's only remaining upstream oil and gas assets consist of approximately 24,000 net leasehold...

Continental Forecasting Sixth Straight Year of Positive FCF as Oil Prices Strengthen Continental Resources Inc. expects to generate positive free cash flow (FCF) for a sixth straight year in 2021 amid an improving outlook for oil prices, according to management. During a Feb. 17 conference call to discuss the firm’s 2020 earnings, Executive Chairman Harold Hamm cited “unprecedented challenges” faced in 2020 due to the Covid-19 pandemic, including U.S. crude oil prices briefly plunging negative for the first time ever in April. “Despite the dramatic impact of Covid on crude oil demand ...

Continental Resources Inc (CLR) Q4 2020 Earnings Call Transcript Motley Fool Transcribers © The Motley Fool Logo of jester cap with thought bubble. Continental Resources Inc (NYSE: CLR) Popular Searches Operator Good day, ladies and gentlemen, and welcome to the Continental Resources, Inc. Fourth Quarter 2020 Earnings Conference Call. [Operator Instructions] I would now like to turn the conference over to Rory Sabino, Vice President of Investor Relations. Please go ahead. This article is a transcript of this conference call produced for The Motley Fool. While we strive for...

Statutory Background Section 546(e) of the Bankruptcy Code, known as the “safe harbor” provision, shields specified types of payments from a bankruptcy trustee’s avoidance powers, including certain transfers “made by” a “financial participant” in connection with a “securities contract.” The scope of Section 546(e) has been the subject of extensive debate. In re Samson Resources Corp. presented the specific question of whether a debtor can be considered a “financial participant” for the purposes of Section 546(e). In short, a “financial participant” is defined by Bank...

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