OKLAHOMA CITY, May 29, 2015 /PRNewswire/ -- SandRidge Energy, Inc. (the "Company") (NYSE: SD) announced that it is entering into transactions which will increase current liquidity to approximately $1.4 billion, including a revised revolving bank credit facility containing leverage covenants that are less restrictive than under its current credit facility and a private offering of $1.25 billion of senior secured second [...]
OKLAHOMA CITY, May 28, 2015 /PRNewswire/ -- SandRidge Energy, Inc. (the "Company") (NYSE: SD) has priced its previously announced private offering of $1 billion in aggregate principal amount of senior secured notes due 2020 (the "Notes"). The offering size was increased to $1.25 billion from $1.0 billion. The Notes will bear interest at a rate of 8.75% per annum and will be issued at par. The Notes will be secured on a [...]
Adjusted EBITDA of $182 Million for the First Quarter and Adjusted Earnings of $0.00 per Diluted Share First Quarter 2015 Total Production of 87.7 MBoepd, up 36% vs First Quarter 2014, Pro Forma for Divestitures Mid-Continent Production of 76.2 MBoepd, up 50% vs First Quarter 2014 First Quarter 2015 Mid-Continent Lateral 30-Day IP Rates of 402 Boepd, 52% Oil, 115% of Type Curve Capex of $322 Million in First Quarter 2015 [...]
OKLAHOMA CITY, April 23, 2015 /PRNewswire/ -- SandRidge Energy, Inc. (NYSE: SD) announced today the appointment of John Suter, 54, to the role of Senior Vice President of Production, effective April 27, 2015. Mr. Suter comes to SandRidge with an extensive history in the exploration and production sector having most recently worked at American Energy Partners, LP where he served as Vice President of the Woodford business [...]
OKLAHOMA CITY, April 7, 2015 /PRNewswire/ -- SandRidge Energy, Inc. (NYSE: SD) will release its 2015 first quarter shareholder update and financial results after the close of trading on the New York Stock Exchange on Wednesday, May 6, 2015. The company will host a conference call to discuss these results on Thursday, May 7, 2015 at 8:00am CDT. The telephone number to access the conference call from within the U.S. is [...]
OKLAHOMA CITY, April 1, 2015 /PRNewswire/ -- SandRidge Energy, Inc. (NYSE: SD) today announced that its Board of Directors has declared a $3.50 per share semi-annual dividend on its shares of 7.0% Convertible Perpetual Preferred Stock that will be paid in shares of Company Common Stock on May 15, 2015 to holders of record on May 1, 2015. Pursuant to Section 3A of the Certificate of Designation governing the terms of the [...]
Reported Adjusted Earnings of $0.08 per Diluted Share and Adjusted EBITDA of $224 Million for the Fourth Quarter of 2014 2014 Production of 29.0 MMBoe vs 28.7 MMBoe Guidance Midpoint Grew Fourth Quarter 2014 Mid-Continent Production to 76.1 MBoed, up 47% vs Fourth Quarter 2013 and 14% vs Third Quarter of 2014 2015 Capital Plan Set at $700MM, 56% Below 2014 Level 2015 Production Guidance of 28.0 to 30.5 MMBoe, Pro Forma [...]
OKLAHOMA CITY, Feb. 17, 2015 /PRNewswire/ -- SandRidge Energy, Inc. (NYSE: SD) announced today the appointment of Steve Turk to the role of Executive Vice President and Chief Operating Officer, effective March 2, 2015. Mr. Turk comes to SandRidge with more than 30 years of experience in the exploration and production industry, at both private and publicly held companies, including having most recently served as Chi...
LONDON, February 11, 2015 /PRNewswire/ -- Editor Note: For more information about this release, please scroll to bottom. Investor-Edge has initiated coverage on the following equities: SandRidge Energy Inc. (NYSE: SD), Kosmos Energy Ltd. (NYSE: KOS), Emerald Oil Inc. (NYSE MKT: EOX), Gulfport Energy Corp. (NASDAQ: GPOR), and Cimarex Energy Company (NYSE: XEC). Free research report on SandRidge Energy can be accessed at [...]
NEW YORK, Jan. 10, 2015 /PRNewswire/ -- Pomerantz LLP has filed a class action lawsuit against SandRidge Energy, Inc. ("SandRidge" or the "Company")(NYSE: SD) and certain of its officers. The class action, filed in United States District Court, Western District of Oklahoma, and docketed under 14-cv-01256, is on behalf of a class consisting of all persons or entities who purchased SandRidge securities between February 28 [...]
Reported Adjusted Earnings of $0.07 per Diluted Share and Adjusted EBITDA of $225 Million for the Third Quarter Restated 2013-2014 Quarterly Financial Results to Incorporate New Accounting Treatment Will Announce 2015 Capex Plans In February Fully Undrawn Borrowing Base is $1.2 Billion with Current Facility of $900 Million OKLAHOMA CITY, Jan. 8, 2015 /PRNewswire/ -- SandRidge Energy, Inc. (the "Company") (NYSE: SD [...]
OKLAHOMA CITY, Dec. 22, 2014 /PRNewswire/ -- SandRidge Energy, Inc. (NYSE: SD) today provided the following notice regarding its 6.0% Convertible Perpetual Preferred Stock (Cusip 80007P885) (the "Convertible Preferred Stock"). As of December 21, 2014, pursuant to the mandatory conversion requirement of Section 8(a) of the Certificate of Designation governing the terms of the Convertible Preferred Stock, each share o...