SandRidge Energy – Oil & Gas 360

Sandridge Energy closes $11.25 million acquisition in northwest STACK

July 14, 2023

World Oil Publisher’s Note: SandRidge Energy will be a participating on one-on-one meetings at the 28th annual EnerCom Denver – The Energy Investment Conference that brings together energy companies, investors, analysts, and key industry leaders. Register to attend at www.enercomdenver.com (WO) – SandRidge Energy, Inc. announced the closing of an acquisition which increases its interest in 26 producing wells

SandRidge Energy announces a series of initiatives to improve shareholder value

December 13, 2019

Oil and Gas 360 OKLAHOMA CITY, Dec. 13, 2019 – SandRidge Energy, Inc. (“SandRidge” or the “Company”) (NYSE: SD) today announced it has initiated a series of actions designed to improve shareholder value: -Evaluation of minimal 2020 capex plan to maximize free cash flow

SandRidge Energy Announces New President and CEO

January 29, 2019

SandRidge Energy Announces New President and CEO

Icahn Wins the Battle for SandRidge

June 19, 2018

From Reuters Activist investor Carl Icahn on Tuesday won a battle for control of SandRidge Energy, winning at least four of seven seats on the board of the U.S. shale producer that he wants to sell. Shareholders elected four of Icahn’s seven-person slate and two nominees put forth by the Oklahoma City, Oklahoma oil and gas company, according to preliminary

SandRidge Slams Icahn’s Energy Record in New Letter to Shareholders

June 5, 2018

From PR NewsWire SandRidge Energy, Inc. (“SandRidge” or the “Company”) (NYSE: SD) today announced that it has sent a letter to shareholders outlining Icahn Capital’s (“Icahn”) poor track record in the energy industry, lack of a plan and false and misleading campaign against the Company. Additionally, SandRidge highlighted the support it received from leading independent proxy advisory firm, Glass, Lewis

Permian - Delaware Basin Action Virtually Nonstop Since Oct. 1

SandRidge Rejects Midstates’ Proposal

March 20, 2018

SandRidge Energy, Inc. (ticker: SD) said that its board of directors, after careful consideration and a detailed technical and financial review, has rejected Midstates Petroleum Company, Inc.’s (ticker: MPO) unsolicited public offer to combine the two companies in a stock-for-stock merger at a 60%/40% exchange ratio. After extensive analysis, SandRidge has concluded that the relative asset values of the two

Midstates Petroleum 2018 CapEx of $100-$120 million, 1-Rig Program Targets Mississippian Lime

March 15, 2018

Midstates Petroleum Company, Inc. (ticker: MPO) reported a net loss of $85.1 million, or $(3.39) per share in 2017. In Q4 2017, the company reported a net loss of approximately $121 million, or $(4.78) per share. For 2017, the company averaged 18,181 BOEPD (28% oil, 24% NGLs, 48% natural gas) in the Mississippian Lime and 3,967 BOEPD in the Anadarko

CEO Departs SandRidge Energy

February 8, 2018

CFO to depart when 2017 10-K is filed SandRidge Energy, Inc. (ticker: SD) announced the departure of James Bennett, the company’s president and CEO effective today. The company said that Bill Griffin, who currently serves as an independent director, has agreed to serve as interim president and CEO while the company conducts a full review of internal and external candidates. Griffin

SandRidge-Bonanza Creek Merger Cancelled

December 29, 2017

Icahn’s activism produces results SandRidge (ticker: SD) and Bonanza Creek (ticker: BCEI) have terminated the previously-announced merger agreement, ending the largest U.S. deal in five months. The $746 million SandRidge-Bonanza Creek merger would have created a major player in the DJ Basin, but a 17.4% premium was deemed too high. While SandRidge only paid about $2,500 per acre, far below

New SandRidge Energy Letter Responds to Icahn Claims

December 11, 2017

Transaction represents 8% premium, not 75%: SandRidge letter November 15: SandRidge announces acquisition of Bonanza Creek Energy for $746 million November 27: SandRidge creates “poison pill” to fight Icahn November 30: Icahn responds to SandRidge December 11: SandRidge publishes new letter ‘dispelling myths’ SandRidge Energy, Inc. (ticker: SD) issued a letter today addressed to shareholders, highlighting the benefits of the

SandRidge Energy, Inc. Confirms Production in the Niobrara, Drills First Meramec Well in Oklahoma.

November 3, 2017

On November 1, 2017 SandRidge Energy, (ticker: SD) announced third quarter financial and operational results. Highlights Confirmed All Four North Park Basin Niobrara Benches (A, B, C and D) Productive Achieved $0.5 Million D&C Capital Reduction on North Park Niobrara Two-Mile XRLs Spud Initial Wells Under NW STACK Drilling Participation Agreement Confirmed Meramec/Osage Stacked Pay in NW STACK Spacing Test

SandRidge Energy Gets Green Light for MLP Qualifying Income

June 2, 2015

Uncertainty around SandRidge’s well-water treatment and disposal business is dispelled SandRidge Energy (ticker: SD) announced that the Internal Revenue Service decided to grant it a positive private letter ruling (PLR) in an 8-K filed by the company Monday. A decision on SandRidge’s well-water treatment and disposal business was snared for more than a year when the IRS decided to initiate

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