Samson Investment Group, active as a private equity investor in the energy sector for some time, began to identify mineral lease acquisition opportunities in certain oil rich regions of the United States in 2010 and to craft tax advantaged Drilling & Acquisition Funds to monetize those opportunities. In 2011 Funds were created for drilling in Colorado’s lucrative Wattenberg Field in the ever expanding Wattenberg/DJ Basin area in Northeastern Colorado, the leading productive field in Colorado and one of the top 10 oil & natural gas fields in the United States. Additional Funds were formulated in 2011-2012, including one for the commercialization of over 3300 acres in Dimmit and Gonzalez Counties, Texas under development and for oil drilling in the well-known Eagle Ford Fields with drilling access to the Austin Chalk and San Miguel layers. Total funding for the project was expected to exceed USD 150 million during its lifetime.
Samson Clean Energy
In 2013 Samson began its clean energy initiative in earnest with the creation of its first Clean Energy Fund for a unique patented power conversion system for creating renewable energy solutions in cooperation with existing utility systems, and major industrial users. The race for renewable energy has passed a turning point. The world is now adding more capacity for renewable power each year than coal, natural gas, and oil combined. And there’s no going back.
The shift occurred in 2013, when the world added 143 gigawatts of renewable electricity capacity, compared with 141 gigawatts in new plants that burn fossil fuels, according to an analysis presented at the Bloomberg New Energy Finance annual summit in New York. The shift will continue to accelerate, and by 2030 more than four times as much renewable capacity will be added.
Power generation capacity additions (GW)
Our second Clean Energy Fund Anax Holdings, LLC, completed two funding rounds in 2015 and will launch the first product, the Anax Star Turbo Expander® in early 2016. Our clean energy focus has given us the opportunity to build an international association of experts whose considerable experience and expertise is specifically tailored to create value, deliver results and provide the best possible service for our developer and integrator partners.