Samson Resources Corp's chief executive officer plans to resign, a lawyer for the bankrupt oil and gas producer told a judge yesterday, adding that the company's six-week-old restructuring deal is in peril due to tumbling natural gas prices, Reuters reported yesterday. CEO Randy Limbacher will continue in his role until December to smooth the transition, said Joshua Sussberg, Samson's lawyer. Sussberg said that the continuing dive in commodity prices has unraveled the company's restructuring support agreement, or RSA, struck just before it entered bankruptcy. He said that the company and lenders were negotiating for new terms to refinance.
