Samson Resources, a debt-laden oil and gas exploration and production company struggling with low energy prices, has hired restructuring advisers Kirkland & Ellis and Blackstone Group, according to a person familiar with the matter. Private equity-owned Samson does not face any imminent debt maturities or breaches of credit covenants. The move shows that the company is seeking to prepare early to avoid a disorderly restructuring. It has already embarked on extensive asset sales to raise cash.
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