OKLAHOMA CITY, Feb. 13, 2017 /PRNewswire/ -- SandRidge Energy, Inc. (NYSE: SD) today announced that it has entered into a new $600 million reserve based credit facility with a $425 million borrowing base (the "Refinancing") effective February 10, 2017. The Refinancing amended the terms of the prior credit facility and provides the Company with, among other things: an increased principal commitment to $600 million from [...]
OKLAHOMA CITY, Jan. 23, 2017 /PRNewswire/ -- SandRidge Energy, Inc. (NYSE: SD) will release its 2016 fourth quarter and full-year financial and operational results after the close of trading on the New York Stock Exchange on Wednesday, February 22, 2017. The company will host a conference call to discuss these results on Thursday, February 23, 2017 at 8:00am CT. The telephone number to access the conference call from [...]
OKLAHOMA CITY, Nov. 8, 2016 /PRNewswire/ -- SandRidge Energy, Inc. (the "Company") (NYSE:SD) today announced financial and operational results for the quarter ended September 30, 2016. Production in the third quarter was 4.6 MMBoe (49.6 MBoepd, 28% oil, 24% NGLs, 48% natural gas). One drilling rig was active in Oklahoma during the entire quarter, and one drilling rig was active for part of the quarter in the North Park [...]
$3.7 Billion of Debt Eliminated Relisted on New York Stock Exchange and Resumed Trading Under Ticker "SD" OKLAHOMA CITY, Oct. 4, 2016 /PRNewswire/ -- SandRidge Energy, Inc. ("SandRidge" or the "Company") (NYSE:SD) today announced it has emerged from Chapter 11, having satisfied all the necessary provisions of its Plan of Reorganization (the "Plan"). SandRidge received approval to relist on the New York Stock Exchange in [...]
Expect to Emerge from Reorganization and Resume Trading the Week of October 3rd on the NYSE, Ticker (NYSE:SD) OKLAHOMA CITY, Sept. 28, 2016 /PRNewswire/ -- SandRidge Energy, Inc. (the "Company") provided an update of its Mid-Continent and Colorado operations as well as full year 2016 capital expenditure/operational guidance and hedging. The Company will release third quarter 2016 earnings results on November 8th, with a [...]
Eliminates $3.7 Billion of Funded Debt SandRidge Targets Emergence from Chapter 11 Within 30 Days OKLAHOMA CITY, Sept. 9, 2016 /PRNewswire/ -- SandRidge Energy, Inc. ("SandRidge" or the "Company") today announced that its Plan of Reorganization (the "Plan") was confirmed by the U.S. Bankruptcy Court for the Southern District of Texas. The Plan received overwhelming support from its stakeholders and its confirmation [...]
$425 Million Reserve-Based Lending Facility Approximately $3.7 Billion of Second Lien and Unsecured Debt to Convert into Equity Over $600 Million of Cash on Hand to Fund Restructuring and Capital Programs OKLAHOMA CITY, May 16, 2016 /PRNewswire/ -- SandRidge Energy, Inc. ("SandRidge" or the "Company") (OTC PINK: SDOC) today announced that it has voluntarily filed petitions under Chapter 11 of the U.S. Bankruptcy Code in [...]
Reported Adjusted Loss of $.09 per Diluted Share and Adjusted EBITDA of $67 Million for the Fourth Quarter of 2015 2015 Production of 30.0 MMBoe (32% Oil, 17% NGLs) Fourth Quarter Production of 6.7 MMBoe (30% Oil, 17% NGLs) Introducing 2016 Capital Spend Guidance of $285 Million, ~60% Below 2015 Levels Year End 2015 Reserves of 325 MMBoe, 24% Oil, 20% Proved Undeveloped $1.3 Billion PV-10 Reserve Value at SEC Pricing ...
OKLAHOMA CITY, March 21, 2016 /PRNewswire/ -- SandRidge Energy, Inc. (the "Company") (OTC PINK: SDOC) will release its 2015 fourth quarter and full-year financial and operational results after the close of trading on the New York Stock Exchange on Tuesday, March 29, 2016. About SandRidge Energy, Inc. SandRidge Energy, Inc. (OTC PINK: SDOC) is an oil and natural gas exploration and production company headquartered in [...]
OKLAHOMA CITY, Feb. 17, 2016 /PRNewswire/ -- SandRidge Energy, Inc. (the "Company") (OTC PINK: SDOC) announced today that it elected to exercise its grace period and defer making approximately $21.7 million in interest payments due February 16, 2016, on its outstanding $543.6 million principal amount of 7.5% senior notes due 2023 and its outstanding $46.9 million principal amount of 7.5% senior convertible notes due 2023 [...]
OKLAHOMA CITY, Jan. 22, 2016 /PRNewswire/ -- SandRidge Energy, Inc. (the "Company") (OTC PINK: SDOC) today announced that it and a third party have agreed to settle all claims between them arising out of a 30-year agreement for the removal of CO2 from natural gas volumes produced by the Company in the Piñon field in west Texas. Under the terms of the settlement, which was executed and closed simultaneously on [...]
OKLAHOMA CITY, Jan. 8, 2016 /PRNewswire/ -- SandRidge Energy, Inc. (the "Company") (OTC PINK: SDOC) today announced that its Board of Directors has decided to suspend payment of the $4.25 per share semi-annual dividend on shares of its 8.5% Convertible Perpetual Preferred Stock. The dividend suspension follows the prior suspension of dividend payments on shares of the Company's 7.0% Convertible Perpetual Preferred Stock [...]