Samson Resources Corp. is asking a bankruptcy judge to allow it to sell about $16.5 million worth of wells that are no longer in use, Dow Jones Daily Bankruptcy Review reported today. The company isn't asking to sell the wells through a typical bankruptcy auction process. Instead, Samson said in court papers filed on Friday that it plans to sell approximately 1,262 wells and related property at an auction at broker-dealer Oil & Gas Asset Clearinghouse. The company plans to sell these wells at the scheduled March 9 auction at the Clearinghouse or otherwise hold private sales, according to court papers. Read more. (Subscription required.)
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