US player Stone Hill Minerals Holdings has won an auction for the Permian basin mineral rights held by Samson Resources with a bid of $51.5 million, as the embattled US independent Samson liquidates its holdings to pay creditors.
The bid eclipsed a stalking horse offer from a consortium of Saxet Minerals, which has backing from private equity firm Post Oak Energy and Royalty Interests Partnership, of $30 million for the 61,220 net acres and interests in 195 wells spread across west Texas and New Mexico.
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