FROM STAFF REPORTSTULSA — Samson Resources Corp. and its subsidiaries have emerged from Chapter 11 bankruptcy protection to become Samson Resources II LLC, the firm said. Joseph A. Mills was appointed by the new company's board of directors as Samson Resources II's president and CEO. Mills succeeds Andrew Kidd, who became Samson Resources Corp.'s president and CEO in February 2016 after having previously served as its general counsel. In a release, Samson Resources II said its financial position is substantially improved, having discharged approximately $4 billion of debt and nearly $300 million of annual interest expenses through the bankruptcy. With the completion of its restructuring, the company has more than $60 million in total liquidity including both cash on hand and available credit, a business plan that projects positive free cash flow and substantial commodity hedges to protect its position. Samson Resources II remains based in Tulsa, and has significant acreage positions in east Texas, the Powder River Basin and the Green River Basin that, taken together, comprise approximately 450,000 net acres. Its holdings produce about 140 million cubic feet (equivalent) a day in oil, natural gas and natural gas liquids. The company's board and CEO plan to conduct a strategic review of its assets and future development plans to maximize stakeholders' value, the company's release said. Read more on NewsOK.com