Welcome to our dedicated page for Sandridge Energy news (Ticker: SD), a resource for investors and traders seeking the latest updates and insights on Sandridge Energy stock.
SandRidge Energy, Inc. (NYSE: SD) is an independent oil and gas company active in the crude petroleum and natural gas extraction industry, with a primary focus on the Mid-Continent region in Oklahoma, Texas and Kansas. The news flow around SandRidge centers on its production, development and acquisition of oil and gas properties and the performance of its Mid-Continent asset base.
News updates for SandRidge commonly include quarterly financial and operational results, where the company reports oil, natural gas and NGL production volumes, realized prices, operating costs and cash flow measures. These releases often discuss the impact of its one-rig development program in the Cherokee Shale Play, production optimization efforts and the performance of newly turned-to-sales wells.
Another recurring theme in SandRidge news is its capital return program. The company issues announcements on quarterly cash dividends, references prior special dividends, and provides details on its Dividend Reinvestment Plan, which allows eligible shareholders to reinvest dividends into additional shares. SandRidge also reports on share repurchases under its authorized program.
Investors following SD news will also see Form 8-K summaries and press releases covering dividend declarations, DRIP enrollment information, and corporate governance developments such as changes to the board of directors. In addition, the company regularly announces the dates and access details for its conference calls and webcasts, where management reviews recent results and operational highlights.
For those tracking SandRidge, this news page provides a consolidated view of these updates, from operational performance in the Mid-Continent region to dividend decisions and other material company communications.
SandRidge Energy (NYSE: SD) has announced a $144 million acquisition of assets in the Western Anadarko Basin's Cherokee play. The deal includes:
- Net production of ~6 MBoed (40% oil) in Ellis and Roger Mills Counties, Oklahoma
- 42 producing wells and 4 drilled uncompleted wells
- Leasehold interest in 11 drilling spacing units, adding inventory of up to 22 two-mile lateral wells
SandRidge also entered a Joint Development Agreement for future development of certain acquired leasehold interests. The acquisition is expected to be immediately accretive to key metrics, including production, EBITDA, and free cash flow. The company plans to fund the transaction with cash on hand, with an anticipated closing in Q3 2024.
SandRidge Energy, Inc. announced financial results for Q1 2024, including a $0.11 per share cash dividend. Net income was $11.1 million, adjusted net income was $8.4 million. Adjusted EBITDA was $14.7 million. Company had $208.5 million in cash. Operating costs and expenses were managed efficiently. Production totaled 1,376 MBoe. Revenues were $30.3 million. Company continues to focus on production optimization and high-return projects.
SandRidge Energy, Inc. announced plans to release first quarter 2024 operational and financial results, with a conference call scheduled for May 8, 2024. The company is an independent oil and gas company operating in the Mid-Continent region.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.