Samson Acquires Contour Energy Co.

Samson Investment Company has acquired Contour Energy Co. The transaction value, including retirement of Contour's debt, is approximately $146 million. Contour, a privately held exploration and production company, is active in North Louisiana, South Louisiana and the Gulf of Mexico.

Jack Schanck, Co-CEO of Samson said, "This acquisition is very synergistic with Samson's existing activities in Louisiana and solidifies Samson's position as a significant Ark-La-Tex player. Samson has used a balanced method of growth in this region through both acquisitions and the drill bit. This purchase also includes 5 fields and 6 operated platforms in the Gulf of Mexico."
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