SandRidge Permian Trust has joined a slew of Lower 48 oil and natural gas operators facing a possible delisting by the New York Stock Exchange (NYSE), the firm said Friday.
Articles from Sandridge
SandRidge Permian Trust has joined a slew of Lower 48 oil and natural gas operators facing apossible delistingby the New York Stock Exchange (NYSE), the firm said Friday.
Two Oklahoma City-based producers reduced their workforces in the second quarter in order to trim general and administrative costs, but one plans to ramp up Northwest Oklahoma exploration while the other looks to Colorado.
SandRidge Energy Inc. plans to boost oil production while spending less on capital in 2019, but it is devoting most of its operating cash flow to the North Park Basin in Colorado, where it anticipates finding thousands of potential drilling targets.
Paul D. McKinney has been appointed president and CEO of Oklahoma City-based SandRidge Energy. He succeeds William M. Griffin, who will continue to serve on the board. McKinney has 35 years of industry experience, most recently as president and COO of Yuma Energy Inc. He previously worked for Apache Corp. and Tristone Capital, and he began his career in 1983 with Anadarko Petroleum Corp. McKinney has a bachelor of science degree in petroleum engineering.
SandRidge Energy Inc. said it plans to continue developing its assets in Colorado, the Mississippian Lime and the Midcontinent after the board determined that multiple offers for a merger or a sale fell short of expectations.
Thousands of landowners in Oklahoma and Kansas could be compensated if a federal court approves a $6.95 million settlement filed Wednesday to resolve claims that Chesapeake Energy Corp., one of its co-founders and SandRidge Energy Inc. conspired to rig bids and fix prices for oil and gas leases in the Anadarko Basin.
BCE-Mach LLC, formed earlier this year with the ousted founder of SandRidge Energy Inc., Tom L. Ward, on Monday said it would buy a bundle of properties in the Mississippian Lime that are primarily operated by Ward’s former company.
Oklahoma City-based SandRidge Energy Inc., dogged by Carl Icahn and facing financial pressures, has at least 26 confidentiality agreements with parties “actively pursuing” a potential transaction to buy the company outright or specific assets in the U.S. onshore.