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FOR IMMEDIATE RELEASE

Contact:
Hank Winfield

Executive Vice President & Chief Financial Officer– Samson Investment Company
E-mail: hwinfield@samson.com
Telephone (918) 591-1297

SAMSON COMPLETES SOUTH TEXAS ACQUISITION

Tulsa, Oklahoma (February 15, 2002) – Samson Investment Company, Tulsa, Oklahoma today announced the completion of an acquisition from Texas Independent Exploration Limited of natural gas properties in Starr County, Texas.

Hank Winfield, Samson’s Chief Financial Officer states, “This acquisition represents a nice building block to Samson’s continued expansion in the Vicksburg trend. We believe these properties include numerous drilling and recompletion opportunities that will provide positive results for Samson.”

Samson Investment Company is engaged in oil and gas exploration, acquisition and production operations in the United States, Canada, Venezuela, Brazil and Russia. The Company continues to seek additional oil and gas business opportunities both within and outside its current areas of operation. More information regarding Samson can be found at http://www.samson.com.


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