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.

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• None.

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 $47 million in cash, subject to customary effective-date adjustments.

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

 

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SOURCE SandRidge Energy, Inc.

FAQ

What was the amount of the asset sale by SandRidge Energy?

SandRidge Energy sold its North Park Basin assets for $47 million.

When was the asset sale announced by SandRidge Energy?

The asset sale was announced on February 8, 2021.

Which assets did SandRidge Energy sell?

SandRidge Energy sold its North Park Basin assets located in Colorado.

What is the stock symbol for SandRidge Energy?

The stock symbol for SandRidge Energy is SD.