Wall Street Journal: Tulsa's Samson Investment Company For Sale

Tuesday, October 11th 2011, 1:01 pm
By: News On 6


TULSA, Oklahoma -- The Wall Street Journal is reporting that a private oil and gas company in Tulsa may be for sale.

The company is Samson Investment Company which is owned by the Schusterman family.

The Journal is reporting the company is valued between $7 billion and $10 billion.

Read the Wall Street Journal blog.

The company was founded in 1971 by Charles Schusterman to assume operations of newly acquired Amerada Hess properties, located in California. His daughter, Stacy Schusterman, is now the company's CEO.   

The Charles and Lynn Schusterman Family Foundation was founded in 1987 and supports a number of organizations in the Tulsa area.

The foundation valued its assets at more than $66 million at the end of 2009, according to the Charles and Lynn Schusterman Family Foundation's most recently available tax returns.