My follow-up, if I may, is for John. Stock Transfer Agent American Stock Transfer & Trust Company Operations Center 6201 15th Avenue Brooklyn, NY 11219 +1 800.937.5449 www.amstock.com Prior to that, he held the position of District Geologist for Samson Resources, from August 2011 to January 2013, where he held a position in the Corporate Exploration Department assessing Rockies, ... February Investor Presentation. Mr. Mills, 59, currently serves as the President and Chief Executive Officer of Samson Resources II, LLC, a privately held exploration and production company with assets located in the Powder River Basin and Green River Basin of Wyoming, a position he has held since March 2017. We worked 24x7 if that's what it takes. Despite the dramatic impact of COVID on crude oil demand last year, global inventories now appear to be rebalancing on vaccine optimism and tighter supplies as both the U.S. and global producers exhibit capital and market discipline. And the rates of return on that inventory that we'd be drilling is like 50% at $50 WTI. However, I will point out that was in line with a number of our larger peers from a dividend yield perspective and stuff. Yeah. Now, he's giving them a new boat. Latest News Mar 04, 2021 The U.S. oil and natural gas industry will continue to play a vital part in the American energy landscape as the world seeks access to gas and light sweet crude. The Oil & Gas Conference Thanks for taking my question. And as said, we haven't had a chance to get in here and start applying our efficiencies and our operational technology to -- as we expect to improve performance and also the -- just the economics of the play. Latest News Apr 12, 2021 It was really whether you were talking about keeping 2021 average volumes flat. We mentioned -- Bill mentioned the peers out there. And so, that's going to be -- what you're going to see a lot of that. But certainly, we're seeing a lot of those out there in the industry today. Obviously, one of the unprecedented challenges of the past year was price, the WTI falling to negative territory for the first time ever in April 2020. Prior to that, he held the position of District Geologist for Samson Resources, from August 2011 to January 2013, where he held a position in the Corporate Exploration Department assessing Rockies, Mid-Continent, and East Texas unconventional plays. And what is the difference -- what is Continental doing differently from the rest of the industry which appears to be at a lower capacity? Ultimately, our success is driven by exceptional people who utilize best-in-class technologies to consistently deliver extraordinary results. As Bill mentioned, Continental has a strong value proposition predicated on our expectation to generate significant free cash flow. I will now turn the call over to John to provide more color on our plans. February Investor Presentation 1.7 MB. Capital discipline, free cash flow generation and delivering returns to shareholders are again core messages as stated in the opinion of our prepared comments. 2 . Avi Robbins is a Managing Director in the Restructuring and Special Situations Group at PJT Partners, based in New York. And then just a follow-up. If DAPL does not shut down, we'd expect our differentials to be on the more favorable side of our guidance. www.samson.com under the Investors section. Great. At the end of the day, we thought that where we were as a company with the operational flexibilities and capabilities and optionality that it provided us by keeping it. All-in well costs were reduced by 13% and 6% respectively. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. On May 15, 2015, Samson Resources Corporation (the “Company”) posted to its website an investor slide presentation in connection with its upcoming conference call to discuss the Company’s financial and operational results for the quarterly period ended March 31, 2015. ... February Investor Presentation. The shares are expected to begin trading on the NYSE under the ticker symbol ‘ROAN’ on November 9, 2018. Cumulative Bankruptcies 2015-2016 4 ... Keep in close contact with the investment bankers 3) Monitor the docket and understand the filings and how they relate to the case. Our core holdings and proven reserves in North Dakota and Oklahoma are recognized to be among the best deep oil inventories in the industry. That's -- we're very excited about this project. I think as you look at what you're addressing there. Prior to that, he held the position of District Geologist for Samson Resources, from August 2011 to January 2013, where he held a position in the Corporate Exploration Department assessing Rockies, ... February Investor Presentation. For memory, it felt like it was in the $0.05 a quarter or $0.20 per annum kind of range. I'd like to begin by commending our employees for their incredible performance in 2020. Microsoft and partners may be compensated if you purchase something through recommended links in this article. 5 . And then my second question is on just your skew on oil versus gas and the '21 oil forecast. February Investor Presentation 1.7 MB. Our production expense per Boe came in at $3.27, nearly 7% lower than the low end of our guidance. Samson Resources II (“Samson” or the “Company”) successfully emerged from bankruptcy on March 1, 2017 3 core asset areas in East Texas / North Louisiana, the Powder River Basin and the Green River Basin Total debt reduced by ~$4 billion. So, we have a lot of viewpoints toward where we want to go as a Company. Yeah. Assisted with investor relations management by responding to general inquiries, coordinating investor presentations, and managing investor website. At Continental Resources, we find and produce oil and natural gas, exclusively in the United States. Thanks for getting me on and for because I haven't spoken to you, Happy New Year guys. Harold, your comment, and I agree with you, I think price will continue to run a little bit. We expect our 2021 Bakken drilling program will deliver similar results as illustrated by the dash line on the chart. So, we've kind of been in that range for a bit now and that gives us flexibility in terms of mix and etc. Thanks. Investor Update 2 August 2011 Disclaimer This presentation is not a Prospectus by AusTex Oil Limited A.C.N. Samson Resources and other natural gas drillers are stuck neck-deep in the same frack mud. Contact Us. We also made the strategic move to expand our operations into the oil-rich Powder River Basin. Approximately 80% of this acreage is held by production. February Investor Presentation 1.7 MB. Thank you. John D. Hart -- Senior Vice President, Chief Financial Officer and Treasurer. In these ranges, we expect we can deliver flat to low growth. Please go ahead. With the carried structure in place, Continental will fund 20% of the 21 planned mineral spending or $13 million, and Franco-Nevada will fund the remaining 80% or $52 million. Joseph A. So, anyways, thanks for the question. Investors - Samson Resources. Prior to that, he held the position of District Geologist for Samson Resources, from August 2011 to January 2013, where he held a position in the Corporate Exploration Department assessing Rockies, Mid-Continent, and East Texas unconventional plays. We generated $332 million of free cash flow in the fourth quarter and $275 million of free cash flow for the full year. This concludes our question-and-answer session. In 2011, Samson Resources Corp., then Samson Investment Co., drew a $7.2 billion bid from private equity investors led by Kohlberg Kravis Roberts & Co. LP (KKR). So, we expect about 70% to 80% oil cut on all the reservoirs we're chasing in that particular block. Our strategic marketing effort continues to deliver positive momentum in 2021. Samson’s presentation is scheduled for Thursday, March 14th at 5:20pm MST (USA) which is 10 stocks we like better than Continental Resources, When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Importantly, our assets are exhibiting continued strong performance with our operated volumes expected to rise 6% to 8%, which is somewhat offset by non-operated volumes, which are expected to be down 7% to 9%. Okay, great. At budget prices, we expect to be at approximately $4.5 billion of total debt by year end 2021 and below $4 billion by year end 2022. Let me -- Harold has got some good comments on this and then I'll follow up with his comments. I mean there's a discretionary cash that we coming in, what's the first application of that. And those are certainly the best kinds that we look across the board, like everybody at M&A possibilities. On top of protecting U.S. energy security, U.S. producers have also addressed investor concerns that E&Ps prioritize reinvestment ratios and shareholder returns. The August 2015 announcement that Samson would be entering Chapter 11 in the following month precipitated a drop … The basin is in its early stage of development with solid results that compete economically with our portfolio, even before adding the benefits of our operating efficiencies and technology. Select works with institutional investors, investment bankers and research analysts to allow small and micro-cap companies gain the attention and support of Wall Street. Results were right on track with the average performance from 46 Woodford wells completed in SpringBoard I during 2020, slightly beating type curve expectations, as you can see on Slide 9. Even though we only have about 3,500 barrels a day of firm transportation on DAPL, it is a critical piece of American energy infrastructure, supported by numerous states that has aided in our nation's energy independence and security. I would like to begin by highlighting our strong financial performance in 2020. *Stock Advisor returns as of November 20, 2020, Rory Sabino -- Vice President, Investor Relations. And we do like the fact, as you mentioned, that we're seeing a substantially thicker overall hydrocarbon column there with the reservoirs there in Sycamore and Woodford, not to mention Springer, and we've got some other things in mind that we're going to be looking at and testing ultimately in these plays. We're -- we look at lots of different basins, and this is one that we looked at. So, as far as an inventory and sustainability standpoint, I don't see that as a problem. This includes Continental's cash portion of planned spending for mineral acquisitions made in conjunction with our relationship with Franco-Nevada. Our strategy to focus our Oklahoma rigs on gas weighted assets during the second half of last year brought on some significant gas volumes in recent months. When you look at the 360 square miles of acreage that we control with about a 70% average working interest, I mean, that is a huge footprint. As far as the returns, I think that was the first part of your question here, how do they compete, and really, they compete quite well with our existing inventory. So, as we go forward, ultimately, I cannot speak for the Board. To date, approximately 360 million cubic feet of our 2021 natural gas is hedged with the midpoint of swaps and collars at about $2.97. We plan to operate an average of 11 rigs during the year with five to six in the Bakken, four in Oklahoma and one to two in the Powder. Oil and gas producer Samson Resources Corp said in a filing on Tuesday that it might have to file for a Chapter 11 bankruptcy protection if the company is unable to refinance its debt obligations. And the Powder River basin is one where there has been some activity over the years from others in industry. And so, we're -- we've got plenty of work ahead of us as we start doing our -- what we do, and that's get in and start really delineating and determining what is proper density, and what's the proper technology and all that to apply to basically maximize the returns from these assets. A lot of logistics being orchestrated there, but it's going to be extremely efficient operation, given the concentrated position that we have and the plans we have to handle all the water, oil, gas, all on pipe. We've got a great update to share with you today. I would now like to turn the conference over to Rory Sabino, Vice President of Investor Relations. A team of industry experts will review the application and determine if it is a good fit for our group. So this is just a -- and so it takes a while for all this oil to get on when you have these projects that are of this scale. So, we're very excited about them. Operationally, our teams continued to uplift the value of our assets across the board through increased efficiencies and lower costs. And then, of course, that will continue to ramp-up into '22. [Context: Natural Gas Partners-backed Tecolote Energy has been identified as one of several stalking horse bidders for assets being sold by the bankrupt Samson Resources.On August 8, Apollo-backed Resource Energy announced it was also a bidder.] And you'll see a lot of the production coming on in '22 from the '21 capex spend. Ultimately, we see additional capital returns to shareholders in the form of dividends as our debt goals are reached. We expect to deliver our sixth consecutive year of positive free cash flow in 2021. I'm curious if you could give a little insight into your thought process on coming up with $52 WTI as your planning case. So you made the strategic shift in the back half of last year toward more gas-weighted assets in Oklahoma to take advantage of some commodity price strength. So, Oklahoma has had hardly any blackout, one hour, I think, we've experienced so far and here in Oklahoma, and a lot of Oklahoma's running on Continental gas today. So, that's a driver of the range that you get going forward. Thanks for taking the time to join us on our call. We are projecting approximately $1 billion of free cash flow at $52 WTI and $2.75 Henry Hub. This is one for a couple of our non-ops. So we like it from that aspect. In his roles as Senior Drilling Engineer and Area Drilling Manager for Samson, Mr. Goodwin engineered and managed operations in the Permian Basin, South Texas, East Texas, Mid-Continent and Gulf Coast areas. Is that [Speech Overlap] to do that on a going forward basis or flat to rising I think with the commitment made with the language that you used, but it was based on 2021 average pro forma purpose? Jack H. Stark -- President & Chief Operating Officer. Finally, on the call, we will refer to certain non-GAAP financial measures. And I know you've got a lot of optionality, which has now expanded to the Powder River, especially within commodities in Oklahoma, in particular. The majority of this acreage is strategically located in the oil and condensate windows where 70% to 80% of the production has proven to be oil from multiple stacked reservoirs. As Bill mentioned, with $1.4 billion of capex in '21, net of Franco-Nevada's mid-share of mineral cost, we are right below our target reinvestment rate of 65% to 75% at 58%. We've got some dryer gas. Let's start in Oklahoma, where the majority of our activity focused on the Woodford reservoir as we moved into Phase 2 development of SpringBoard I. And we really have done that here. A group of private equity firms, led by KKR, had acquired Samson in 2011 for $7.2 billion. In late December, we entered into a PSA to acquire Samson Resources assets located in the basin. The other key thing that we liked about this position is that, it was somewhat tested by our predecessor, Samson, with excellent results. Combined, our four SpringBoard projects now cover approximately 360 square miles that are dominantly operated by Continental with an average working interest of approximately 70%. I can give you a little more color on that, Jeanine, too, just from the Long Creek unit. Every $5 increase in WTI is expected to increase cash flow by approximately $250 million annualized. I believe in your prepared comments, you talked about long-term maintenance capital of $1.35 billion, and there was a range around that I think was $1.2 billion to $1.5 billion, and realized that it's long-term, but I just wondered more specifically, is that to get a flat to slight growth in volumes based on 2021 average levels or pro forma levels. We have clearly seen this impact to domestic oil prices the past 60 days. And one of the bigger things that we did early on early on is, reached out to the pipelines, reached out to the government leaders and said, we need to work on this together. Case 15-11934-CSS Doc 2 Filed 09/17/15 Page 1 of 37 And again, this is before adding in the Powder River Basin. Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the Did we cover those? And we are very well positioned and we feel very confident in our position. Today, we are more capital-efficient than ever and continue to be the low cost leader among our oil-weighted peers, as shown on Slide 5. So maybe just give us a little bit more color on what some of your non-op partners are doing in the Bakken? And I may start out. The next question comes from Jeanine Wai of Barclays. So, we'd always be interested in seeing if there's something else that we fit with this. We look at things and if it's a right value proposition that's -- and if you look -- go back and look at the things that we did this past year with the Samson up and the Powder River, look at what we did with the pieces that we ended up bolting on here in Oklahoma. AGS recently completed its Phase 2, where it established a Houston-based area-centric delivery point for Gulf Coast barrels. And so, really like the assets. The properties include 130,000 net acres and approximately 9,000 Boe per day, of which 80% is oil. And the first application is continuing to return it to the shareholders. specific reference in such filing. It's a real challenge, but as the largest gas producer in the state, we felt that this is something that we just need to put every bit of effort possible into making sure we load all the gas that we could. He was previously with Samson Resources, an exploration and production company, as Senior Drilling Engineer, having joined Samson in 1999. We have a dominant position. ATTN: Owner Relations 1050 17th Street, Suite 800 Denver, CO 80265 P: 303-260-1150 email This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. Quicksilver isn’t alone in its travails. Tulsa, OK U.S.A. 74103. And in this year's outlook, about two-thirds of the D&C capex will be in the north, which is overall more oily. Please go ahead. Early on the teams got together and said, we're going to put double duty. And in '20, and we'll continue to do that in the South in early '21. INVESTOR PRESENTATION FALL 2017 . For a reconciliation of these measures, to generally accepted accounting principles, please refer to the updated investor presentation that has been posted on the company's website at www.clr.com. Samson to Initiate a Strategic Review of the Company's Powder River Basin Assets. Our teams are on the ground, and we intend to begin delineating and developing the various reservoirs with two rigs in the second quarter of 2021. Got it. Yeah. Brian, that number and those ranges are consistent with what we've had. Samson, based in Tulsa, Okla., now finds itself with $4.9 billion in liabilities and nearly a billion dollars in debt due in 2016. Before I get into my prepared remarks, I thought I might go through and talk a little bit about the Arctic blast and the topical things that are going on, I know you'd be interested in. Good morning. February Investor Presentation 1.7 MB. Jack or John, you got anything do you want to... Well, Jeanine, you're exactly right, it is what we're seeing is just a reflection of where we put our dollars. With that, I will turn the call over to Mr. Hamm. And as I mentioned last quarter, and this is before the Powder River Basin acquisition, is that, we've got enough inventory to sustain a 5% compounded annual growth in the Company for the next 10 years. Samson II is a privately held onshore exploration and production company headquartered in Tulsa, Oklahoma. I mentioned in my prepared statements there, and we also have another 22 wells, we're going to be bringing on that are going to be high-volume gas wells in the first half of the year. We've got a lot of condensate. That's right -- they think these 10 stocks are even better buys. A copy of the investor slide presentation is furnished and attached as Exhibit 99.1 hereto and is incorporated into this Item 2.02 by reference. Because obviously, you're aware, a number of other companies are now declaring the PRB less core than it might have been a year or so ago, FASB, for example. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. It too hired restructuring advisors to deal with its $3.75 billion in debt. And Continental, obviously, operates that, and we have 85% working interest in this. If in fact it does shut down, we'd expect our corporatewide differentials to be adversely impacted by $1 to $2 a barrel. Yeah. And our teams, as I said, are already on the ground, and we're getting ready to put some rigs up and see what we can do. We've got 96 permits in hand, federal permits because as you know a lot of the acreage there is going to be federal acreage. UP Energy (the “Company”) will make certain financial reports and other information available to current holders of UP Energy’s Class A Units through a secured portal in accordance with the Company’s Limited Liability Company Agreement dated September 15, 2020. The operational execution and capital discipline we saw in 2020 is only the beginning. Thank you, Andrea, and good morning. And so, from my standpoint, these are the type of projects that Continental does, and we get in early. Good morning, all. If you go back to what we did in 2020, as you mentioned, we intentionally put a couple of extra rigs in the gas play. Mills has served on our Board since November 2018. Well, thanks, guys. We expect to complete approximately 139 net operated and 12 net non-operated wells in 2021 and exit the year with 135 wells in progress. Joseph Mills is President and Chief Executive Officer of Samson Resources II, LLC, a position he has held since March 2017. In Oklahoma, we added approximately 47,000 net acres to our oil-weighted SpringBoard assets.