Sandridge

Chesapeake Energy Corp. and SandRidge Energy Inc. are accused in a $30 million lawsuit of conspiring to “depress the market” to purchase natural gas and oil leaseholds in Kansas.

SandRidge Energy Inc. and Breitburn Energy Partners LP both filed for restructuring under Chapter 11 Monday, adding to a growing list of oil and gas bankruptcies induced by the commodity price rout.

SandRidge Energy Inc. and Breitburn Energy Partners LP both filed for restructuring under Chapter 11 Monday, adding to a growing list of oil and gas bankruptcies induced by the commodity price rout.

SandRidge Energy Inc. is evaluating options to take the company private or voluntarily reorganize under Chapter 11, the Oklahoma City-based independent said Wednesday.

SandRidge Energy Inc. has delayed filing its annual report in part because of uncertainty regarding strategic alternatives to reduce its debt, the Oklahoma City-based producer said.

In a move that releases SandRidge Energy Inc. from “significant” deficiency payments, the operator said it has settled a months-long dispute with a subsidiary of Occidental Petroleum Corp. (Oxy) over a project to remove carbon dioxide (CO2) from natural gas produced in the Pinon Field in the West Texas Overthrust (WTO).

Oklahoma regulators said a looming court battle with SandRidge Energy Inc. has been averted after the company agreed to shut in eight wastewater disposal wells and convert five wells for researchers to use to study seismic activity in the region.

Nearly 30 earthquakes struck Oklahoma over an 18-hour period from Wednesday night through Thursday afternoon, including two that measured 4.4 and 4.8 in magnitude on the Richter scale that hit 30 seconds apart, and a third that measured 4.0.

The Oklahoma Corporation Commission (OCC) is preparing to take legal action, within its own court system, to compel SandRidge Energy Inc. to shut down four wastewater disposal wells and curtail operations at 40 others, in response to a series of earthquakes in recent weeks.