Sandridge

SandRidge Energy Inc. is buying the Pinon Gathering Co. LLC from EIG Global Energy Partners for $48 million cash and $78 million in senior secured notes. Pinon owns 370 miles of gathering lines supporting SandRidge natural gas and carbon dioxide production from the Pinion field in West Texas.

SandRidge Energy Inc., which mostly explores for oil and natural gas in the Midcontinent, said Monday afternoon its stock price had fallen below the continued listing requirement of the New York Stock Exchange (NYSE).

SandRidge Energy Inc. said Tuesday it will delay filing its 3Q2014 report until it has resolved a “routine review” by the U.S. Securities and Exchange Commission (SEC), which could result in restating almost two years of earnings results.

SandRidge Energy Inc., still in recovery mode following months of management turmoil and shareholder revolts, agreed Tuesday to sell a briefly held portfolio of Gulf of Mexico (GOM) properties back to an original owner to return its focus to the U.S. onshore.

Fieldwood Energy LLC said Tuesday it will add to its leadership position in the shallow waters of the Gulf of Mexico (GOM) by acquiring the offshore portfolio of SandRidge Energy Inc. in a transaction worth close to $1.2 billion.

Tom Ward, who co-founded Chesapeake Energy Corp. and then went on to create SandRidge Energy Inc. before being forced out earlier this year, is back in the game with a new Oklahoma City-based exploration and production company.

The transition to U.S. oil targets by the exploration and production (E&P) industry now is complete, with operators more able to concentrate on drilling efficiencies and the higher capital outlays required, according to Canaccord Genuity.

Caballo Energy LLC is building a cryogenic gas processing plant to serve expanding production in the liquids-rich Mississippian Lime and Cana Woodford Shale plays.

The Michigan Department of Natural Resources (DNR) has begun working with the state’s Attorney General’s Office to review allegations that Chesapeake Energy Corp. and Encana Corp. worked together to avoid competing in state lease auctions two years ago.