SandRidge Energy, Inc. reports developments as a U.S. oil and natural gas exploration and production company focused on crude oil, natural gas and natural gas liquids. Company updates center on production volumes, operating costs, development activity and capital spending across Mid-Continent assets, including the Cherokee Shale Play and other Oklahoma and Kansas positions.
Recurring news also covers quarterly and annual financial results, guidance, dividend declarations, the Dividend Reinvestment Plan, share repurchase activity and balance-sheet commentary. Operational releases frequently discuss drilling and completions, wells turned to sales, production optimization and leasing activity tied to the company’s asset base.
On October 6, 2022, SandRidge Energy, Inc. (NYSE: SD) announced the election of Nancy Dunlap to its Board of Directors. Dunlap, aged 70, has extensive experience, serving as private counsel for Jon S. Corzine since 1999 and a director at Icahn Enterprises G.P. Inc. since April 2021. She was also a director at CVR Refining from July 2018 to February 2019. Chairman Jonathan Frates expressed enthusiasm about her appointment, highlighting her expertise as a means to enhance shareholder value.
SandRidge Energy, NYSE: SD, reported financial results for Q2 2022, generating Adjusted EBITDA of $53.7 million and net income of $48.5 million ($1.32 per share). Production remained steady at 17.8 MBoed despite no new completions. The company returned 29 wells to production in H1 2022 and is increasing its drilling program from 9 to 12 wells. Operating costs decreased, with lease operating expenses at $9.5 million. Total capital expenditures for 2022 are guided to be between $56-$70 million, with projected production of 5.9-7.1 MMBoe.
SandRidge Energy, Inc. (NYSE: SD) will release its second quarter 2022 operational and financial results on August 3, 2022, post-market close. Following this, a conference call is scheduled for August 4, 2022, at 10:00 a.m. CT to discuss the results and operational highlights. Interested participants can join via telephone or access a live webcast from the company's website. SandRidge operates primarily in the Mid-Continent region, focusing on the development and acquisition of oil and gas properties.
SandRidge Energy (NYSE: SD) reported strong financial results for Q1 2022, generating an Adjusted EBITDA of $39.4 million and a net income of $34.7 million, or $0.95 per share. Production rose to 17.8 MBoed, up from 17.5 MBoed in Q1 2021. The company returned 139 wells to production since 2021 and proactively acquired $4.7 million in materials to mitigate inflation impacts. Operating cash flow was $39.1 million, and cash reserves stood at $165.8 million with no debt obligations, indicating solid financial health.
SandRidge Energy, Inc. (NYSE: SD) will release its first quarter 2022 operational and financial results on May 4, 2022, after market close. A conference call to discuss these results will take place on May 5, 2022, at 10:00 a.m. Central Time. Interested parties can register for the call online and access a live audio webcast on the company's website. SandRidge operates primarily in the Mid-Continent region of Oklahoma and Kansas, focused on the development and acquisition of oil and gas properties.
SandRidge Energy reported strong financial results for 2021, with a net income of $116.7 million ($3.21 per share) and adjusted EBITDA of $113.5 million, reflecting significant year-over-year growth. The company increased its net cash by $131.3 million to $139.5 million, equating to $3.80 per share. Production totaled 6.8 million Boe, and reserves rose to 71.3 MMBoe. SandRidge plans to drill 9 new wells in 2022 and expects production between 5.6 to 6.8 million Boe. The firm emphasized maintaining strong operational efficiency and low costs.
SandRidge Energy, Inc. (NYSE: SD) will release its fourth quarter and full year 2021 operational and financial results on March 9, 2022. An updated investor presentation will also be available on its website. The company is set to host a conference call on March 10, 2022, at 10:00 a.m. Central Time to discuss the results and operational highlights. Investors can access the call by registering online, and a live audio webcast will be available on the company's website for 30 days afterward.
SandRidge Permian Trust (OTC: PERS) announced a final distribution of approximately $2.5 million, equating to $0.047 per unit. This payment will be distributed to unitholders of record as of December 13, 2021, with disbursement expected by December 20, 2021. Following this payment, the Trust's units will be cancelled, and the winding-up process will be initiated, anticipated to conclude by year-end. The Trust's cash reserves stood at $3.3 million post-August 2021, with distributable income calculated at approximately $2.47 million, subject to distributions based on production revenues and administrative costs.
SandRidge Energy (NYSE: SD) announced its participation in the Capital One Securities 16th Annual Energy Conference, taking place virtually from December 6-8, 2021. Presentation materials will be available on the Company’s website. SandRidge is an independent oil and gas company primarily operating in the Mid-Continent region of Oklahoma and Kansas. For more information, visit www.sandridgeenergy.com.
SandRidge Energy, Inc. (NYSE: SD) has released an updated investor presentation available on its website. The presentation highlights the company’s ongoing engagement in oil and gas development and acquisition, primarily in Oklahoma and Kansas. This update comes as part of SandRidge's efforts to provide shareholders with current insights into its operations and strategic direction.