Tuesday, January 7, 2025

Midstates Petroleum Proposes Merger with SandRidge

Merger would create $1 billion Mid-Con company Midstates Petroleum (ticker: MPO) proposed a merger with SandRidge Energy (ticker: SD), only a few weeks after the SandRidge-Bonanza Creek (ticker: BCEI) merger was scrapped. This potential merger would see SandRidge holders receive 1.068 shares of Midstates Petroleum per SandRidge share, based on yesterday’s closing prices. This would mean the transaction does not