SandRidge Energy, Inc. Announces Closing of North Park Basin Asset Sale For $47 Million
SandRidge Energy, Inc. (NYSE: SD) has successfully closed the sale of its North Park Basin assets in Colorado for $47 million in cash.
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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.
Details
News Market Reaction – SD
The recorded move for SD in the trading session of this news was +12.68%.
Data tracked by StockTitan Argus. Session date unavailable.
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
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SOURCE SandRidge Energy, Inc.
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