Latest SandRidge Energy Stories
LONDON, April 16, 2013 /PRNewswire/ -- Oil prices tumbled on Monday as commodities came under pressure following disappointing Chinese GDP data. China, the world's fastest growing major economy, grew 7.7% in the first quarter, which is below the consensus forecast. The weak Chinese GDP data was followed by some disappointing U.S. economy data. With the world's two largest oil consumers showing signs of slowdown, oil prices are expected to remain under pressure. This does not...
OKLAHOMA CITY, April 15, 2013 /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 cash on May 15, 2013 to holders of record on May 1, 2013. The company has 3,000,000 shares of 7.0% Convertible Perpetual Preferred Stock outstanding. (Logo: http://photos.prnewswire.com/prnh/20120416/DA88110LOGO) About SandRidge...
OKLAHOMA CITY, April 8, 2013 /PRNewswire/ -- SandRidge Energy, Inc. (NYSE: SD) today announced that David C. Lawler has been appointed Chief Operating Officer of the Company. (Logo: http://photos.prnewswire.com/prnh/20120416/DA88110LOGO) James D. Bennett, the Company's President and Chief Financial Officer, commented, "Dave has been an invaluable member of the executive team over the last two years. His leadership and rigorous focus on returns have been critical to our success...
OKLAHOMA CITY, April 4, 2013 /PRNewswire/ -- SandRidge Energy, Inc. (NYSE: SD) will release its 2013 first quarter financial and operational results after the close of trading on the New York Stock Exchange on Tuesday, May 7, 2013. (Logo: http://photos.prnewswire.com/prnh/20120416/DA88110LOGO) The company will host a conference call to discuss these results on Wednesday, May 8, 2013 at 8:00am CDT. The telephone number to access the conference call from within the U.S. is...
LONDON, March 18, 2013 /PRNewswire/ -- The shale oil boom in the U.S. offers significant opportunities to oil & gas drilling & exploration companies such as SandRidge Energy Inc. (NYSE: SD), Patterson-UTI Energy Inc. (NASDAQ: PTEN), Key Energy Services Inc. (NYSE: KEG), Transocean Ltd. (NYSE: RIG) and Magnum Hunter Resources Corp. (NYSE: MHR). The U.S. is expected to overtake Saudi Arabia as the world's biggest oil producer in the next few years due to the shale oil...
Four TPG-Axon Group Nominees Appointed to the Board Immediately OKLAHOMA CITY, March 13, 2013 /PRNewswire/ -- SandRidge Energy, Inc. (NYSE: SD) today announced that it has reached a settlement agreement with TPG-Axon Capital. Under the terms of the agreement: Four of the TPG-Axon Group's nominees - Stephen C. Beasley, Edward W. Moneypenny, Alan J. Weber and Dan A. Westbrook - will be added to the Board of Directors effective immediately. The Board of Directors will complete a...
OKLAHOMA CITY, Feb. 26, 2013 /PRNewswire/ -- SandRidge Energy, Inc. (NYSE: SD) (the "Company") today announced that it has closed the sale of its Permian Basin properties, excluding assets associated with SandRidge Permian Trust (NYSE: PER), to Sheridan Holding Company II, LLC for total cash proceeds of $2.6 billion. The effective date of the sale is January 1, 2013. During the fourth quarter of 2012, the divested properties produced approximately 23 MBoe per day. The Company...
OKLAHOMA CITY, Feb. 20, 2013 /PRNewswire/ -- SandRidge Energy, Inc. (the "Company" or "SandRidge") (NYSE: SD) today sent a letter urging stockholders to support the Company's highly qualified Board and reject the TPG-Axon Group's nominees by signing, dating and returning SandRidge's WHITE consent revocation card. Included below is the full text of the letter to SandRidge stockholders: February 20, 2013 Dear Fellow Stockholder: PROTECT YOUR INVESTMENT IN SANDRIDGE ENERGYPLEASE...
OKLAHOMA CITY, Feb. 19, 2013 /PRNewswire/ -- SandRidge Energy, Inc. (the "Company" or "SandRidge") (NYSE: SD) announced that one of the nation's leading independent proxy advisory firms, Egan-Jones Proxy Services ("Egan-Jones"), recommends that SandRidge stockholders support the Company's current Board in connection with TPG-Axon's consent solicitation. Egan-Jones supplies proxy voting advisory services to institutions and other professional investors. The Company stated, "We...
LONDON, February 15, 2013 /PRNewswire/ -- Oil production in the U.S. is expected to rise significantly over the next decade thanks to shale revolution. In fact, the U.S. will become energy independent in the next few years, if forecasts prove correct. For oil and gas drilling & exploration companies such as SandRidge Energy Inc. (NYSE: SD) and Hercules Offshore Inc. (NASDAQ: HERO), the shale revolution in the U.S. offers a significant opportunity. StockCall has posted...
