SandRidge Energy to exit U.S. Gulf in $750 mln deal

Tue Jan 7, 2014 7:42am EST

Jan 7 (Reuters) - Oil and gas producer SandRidge Energy Inc said it would sell its Gulf of Mexico operations to Fieldwood Energy LLC for $750 million to focus on drilling onshore.

The company also raised its forecast for production growth in 2014 to 26 percent from 12 percent, after adjusting for the sale.