SandRidge Energy, Inc. Announces Closing of North Park Basin Asset Sale For $47 Million
Rhea-AI Summary
SandRidge Energy, Inc. (NYSE: SD) has successfully closed the sale of its North Park Basin assets in Colorado for $47 million in cash. This divestiture, first announced earlier, is subject to customary effective-date adjustments. SandRidge continues to focus on the development and acquisition of oil and gas properties, primarily in the Mid-Continent regions of Oklahoma and Kansas. Further details about the company’s operations can be found on its official website.
Positive
- Completed the divestiture of North Park Basin assets, generating $47 million in cash.
Negative
- None.
News Market Reaction – SD
In the trading session that priced this news, SD gained 12.68%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
OKLAHOMA CITY, Feb. 8, 2021 /PRNewswire/ -- SandRidge Energy, Inc. (the "Company" or "SandRidge") (NYSE:SD) today announced the closing of the previously announced divestiture of its North Park Basin assets in Colorado for
About SandRidge Energy, Inc.
SandRidge Energy, Inc. (NYSE: SD) is an independent oil and gas company engaged in the development and acquisition of oil and gas properties. Its primary areas of operation are the Mid-Continent in Oklahoma and Kansas. Further information can be found at www.sandridgeenergy.com.
For further information, please contact:
Investor Relations
SandRidge Energy, Inc.
1 E. Sheridan Ave., Suite 500
Oklahoma City, OK 73104
(405) 429-5515
View original content to download multimedia:http://www.prnewswire.com/news-releases/sandridge-energy-inc-announces-closing-of-north-park-basin-asset-sale-for-47-million-301223638.html
SOURCE SandRidge Energy, Inc.