Price Family Properties | Samson Resources moving to First Place Tower, Price Family Properties announces
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Samson Resources moving to First Place Tower, Price Family Properties announces

Samson Resources moving to First Place Tower, Price Family Properties announces

A local energy company is the newest tenant of recently expanded Price Family Properties.

Samson Resources Corp., which is in Williams Center Tower II at 2 W. Second St., has signed a lease for 60,000 square feet of space in nearby First Place Tower. The announcement comes less than a week after the Price Family announced that it had purchased Kanbar Properties’ 13-plus building portfolio that comprises more than 2.1 million square feet of commercial real estate in the central business district.

“We’re excited to welcome Samson Resources and have their continued support in revitalizing Tulsa’s urban core,” said Stuart Price, chairman of Price Family Properties, in a statement. “They bring a rich history in their industry and Tulsa. It’s nostalgic to have them back here again.”

More than 30 years ago, Price worked for Samson Resources in First Place Tower.

Samson Resources is set to relocate in the next 30 days and will occupy three floors in its new home, Price said.

First Place Tower is made up of the 1950 First National Bank Building (20 stories), 15 E. Fifth St., and a 41-story tower (410 S. Boston Ave.) that was completed in 1973.

In January, Samson announced that it had laid off 66 employees at its Tulsa headquarters and 70 overall. As of last fall, Samson had employed about 200 at its Tulsa headquarters and close to 400 employees companywide.

The shale-oil driller filed for Chapter 11 bankruptcy in September 2015 when it was $4.2 billion in debt.

Samson was founded during the early 1970s by Charles Schusterman. The Schusterman family sold the oil and gas driller to private equity firm Kohlberg Kravis Roberts & Co. for $7.2 billion in 2011.

Original article was published in the Tulsa World and can be found here: http://www.tulsaworld.com/business/realestate/samson-resources-moving-to-first-place-tower-price-family-properties/article_295fab37-55de-5e37-bb8f-1bcb2d45b75f.html

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