Natural gas prices have surged recently after being in a long slump. Recent advances in technology have unlocked new reserves and seen production skyrocket as a result. The United States Natural Gas Fund is up nearly 20 percent over the last month, showing signs of a long awaited recovery for the industry. The Paragon Report examines investing opportunities in the Natural Gas Industry and provides equity research on [...]
OKLAHOMA CITY, May 3, 2012 /PRNewswire/ -- SandRidge Energy, Inc. (NYSE: SD) today announced financial and operational results for the quarter ended March 31, 2012.(Logo: http://photos.prnewswire.com/prnh/20120416/DA88110LOGO)Key Financial ResultsAdjusted EBITDA of $185 million for first ...
The Paragon Report Provides Stock Research on SandRidge Energy and Devon Energy NEW YORK, NY -- (Marketwire) -- 05/01/12 -- It has been an extremely bear market for natural gas investors. Even the famed Warren Buffet lost money as a result of ...
OKLAHOMA CITY, April 23, 2012 /PRNewswire/ -- SandRidge Mississippian Trust II (the Trust) announced today that it has closed its initial public offering of 29,900,000 common units, including 3,900,000 common units sold pursuant to the exercise of the underwriters' over-allotment option, representing a 60% beneficial interest in the Trust. SandRidge Energy, Inc.
(SandRidge), as sponsor of the Trust, owns approximately [...]
SandRidge Energy today announced the closing of its previously announced acquisition of Dynamic Offshore Resources for aggregate consideration of approximately $680 million in cash and approximately 74 million shares of SandRidge common stock. Based on the closing price of SandRidge common stock of $7.11 per share on April 16, 2012, the acquisition's aggregate consideration is valued at approximately $1.206 billion.
Oil and Gas companies drilling in the U.S. look to benefit as the government looks to speed up process for onshore drilling permits. The Obama administration recently announced plans to cut the time it takes to review applications for oil and gas drilling permits by up to 80 percent. The Paragon Report examines investing opportunities in the Oil and Gas Industry and provides equity research on SandRidge Energy Inc. (NYSE [...]
OKLAHOMA CITY, April 9, 2012 /PRNewswire/ -- SandRidge Mississippian Trust II (the Trust) announced today that it has commenced an initial public offering of 26,000,000 common units representing a 52% beneficial interest in the Trust, along with 3,900,000 additional common units that may be purchased at the option of the underwriters to cover over-allotments. The initial public offering is being made pursuant to a
OKLAHOMA CITY, April 2, 2012 /PRNewswire/ -- SandRidge Energy, Inc.
today announced the pricing of its private placement of $750 million of 8.125% Senior Notes due 2022. The notes were priced at 100% of par, resulting in a yield to maturity of 8.125%. The offering is expected to settle on April 17, 2012. Net proceeds from this offering will be used to finance the cash consideration of approximately $680 million payable [...]
Five Star Equities Provides Stock Research on SandRidge Energy Inc. and Royale Energy, Inc.NEW YORK, NY -- (Marketwire) -- 04/02/12 -- Oil Companies breathe sigh of relief as the Senate blocks Obama's bid to end oil, gas industry tax breaks. Senate Republicans on Thursday blocked a Democratic measure championed by President Barack Obama to end tax breaks for the major oil companies. The president had targeted the tax [...]
OKLAHOMA CITY, April 2, 2012 /PRNewswire/ -- SandRidge Energy, Inc.
today announced that it intends to commence a private offering to eligible purchasers of $750 million of Senior Notes due 2022. Net proceeds from this offering will be used to finance the cash consideration of approximately $680 million payable in connection with the Company's pending acquisition of Dynamic Offshore Resources, LLC and to pay related [...]
OKLAHOMA CITY, March 29, 2012 /PRNewswire/ -- SandRidge Energy, Inc. ('SandRidge')
today announced that it has increased the borrowing base and extended the maturity of its senior credit facility. The borrowing base of the $1.75 billion senior credit facility was increased to $1 billion from $790 million, and the maturity was extended to March 29, 2017 from April 15, 2014. Bank of America N.A. acts as the Administrative [...]
NEW YORK, NY -- (Marketwire) -- 03/29/12 -- www.shinesrooms.com has a handpicked team of market professionals with over 100 years of combined investing experience. Today they are providing members comprehensive research on the Oil & Gas Drilling ...