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SandRidge Energy Inc (SD.N)

SD.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Sandridge Energy files for potential mixed shelf offering
Tuesday, 18 Apr 2017 06:18am EDT 

April 18 (Reuters) - Sandridge Energy Inc ::Files for potential mixed shelf offering; size not disclosed - sec filing.  Full Article

Sandridge Energy Inc Q4 adjusted net income of $29 million
Wednesday, 22 Feb 2017 04:15pm EST 

Sandridge Energy Inc : Sandridge Energy Inc reports financial and operational results for fourth quarter and the full year of 2016 . Sandridge Energy Inc says production in quarter ending December 31, 2016 was 4.3 MMBOE . Sandridge Energy Inc says currently has one drilling rig running in Oklahoma, with plans to add a second rig late in Q1 . Sandridge Energy Inc says 2017 capital expenditure guidance range is for $210-$220 million . Sandridge Energy Inc says adjusted net income of $29 million, or $0.86 per diluted share, for Q4 2016 .Sandridge Energy Inc says reported a net loss of $334 million, which included a non-cash ceiling test impairment charge of $319 million in quarter.  Full Article

Sandridge Energy says Q3 production was 4.6 mmboe
Tuesday, 8 Nov 2016 04:15pm EST 

Sandridge Energy Inc : Sandridge Energy, Inc. updates shareholders on operations and reports financial results for third quarter and first nine months of 2016 . Sandridge Energy-Q3 production was 4.6 mmboe; Capex in 2016 now anticipated to be $220 to $240 million; sees production for 2016 ranging from 19.0 to 19.4 mmboe .Sandridge Energy Inc says adjusted net income of $25 million for Q3 2016; expects total capital expenditures will be less than $200 million in 2017.  Full Article

Sandridge says about $3.7 bln in Debt Has Been Eliminated
Tuesday, 4 Oct 2016 02:06pm EDT 

Sandridge Energy Inc : Sandridge Energy Emerges From Reorganization With Approximately $525 Million Of Liquidity . New Capital Structure Consists Of A $425 Million First Lien Revolving Credit Facility ("RBL") (Maturing In 2020) . New Capital Structure Consists Of About $282 Million In Mandatorily Convertible Notes, Bearing No Interest . Approximately $3.7 Billion In Pre-Petition Funded Debt Has Been Eliminated, In Large Part, Through Equitization Of Debt . $3.7 Billion Of Debt Eliminated; Co Relisted On New York Stock Exchange And Resumed Trading Under Ticker "SD" . Pursuant To Plan, Sandridge Has Appointed A New Board Of Directors Effective Today .New Board Of Directors Consists Of Five Members Including: James Bennett, Michael Bennett, John Genova, Bill Griffin, David Kornder.  Full Article

SandRidge Energy provides operations update and full year 2016 guidance
Wednesday, 28 Sep 2016 08:45am EDT 

SandRidge Energy Inc : SandRidge energy inc provides operations update and full year 2016 guidance . Plans to invest $225 to $255 million of capital expenditures in 2016 . Initiating total 2016 production guidance of 18.9-19.3 MMBoe .Expect to emerge from reorganization and resume trading week of October 3rd on NYSE.  Full Article

SandRidge Energy files for bankruptcy protection
Monday, 16 May 2016 08:16am EDT 

Sandridge Energy Files "Pre : Projects having ample liquidity to fund its ongoing operations and its capital programs throughout chapter 11 . Restructuring support agreement contemplates an RBL facility and equitization of approximately $3.7 billion of other funded indebtedness . Filed "first day" motions that, when granted, will enable company's day-to-day operations to continue as usual . Will pay all suppliers and vendors in full under normal terms for goods and services provided during chapter 11 cases .arranged" reorganization under chapter 11, announcing restructuring support agreement with creditors holding over two-thirds of its $4.1 billion in funded debt obligations.  Full Article

Sandridge Energy Inc files for non timely 10-Q
Wednesday, 11 May 2016 06:19pm EDT 

Sandridge Energy Inc: Sandridge Energy Inc Files For Non Timely 10-Q .Quarterly report for quarter ended march 31 cannot be filed within prescribed time period without unreasonable effort and expense.  Full Article

SandRidge Energy Inc - New Civil Antitrust Claims Filed Against Chesapeake, SandRidge Energy - The Associated Press
Thursday, 3 Mar 2016 03:46pm EST 

SandRidge Energy Inc:A class of oil and gas royalty owners has filed a civil antitrust lawsuit against Chesapeake Energy Corporation, SandRidge Energy Corp. and former SandRidge CEO Tom Ward - AP.The 14-page lawsuit, filed by attorneys with the Dallas-based law firm Burns Charest LLP, alleges that the defendants violated federal antitrust laws by rigging bids and limiting competition for oil and gas leases in northwest Oklahoma.The lawsuit states that the class could ultimately include thousands of affected royalty owners in the geological formation known as the Anadarko Basin Region."This case is about cleaning up the oil patch," says Burns Charest founder and co-managing partner Warren Burns, who represents the proposed class."In a rush to reap illegal profits, the defendants violated the trust and confidence of these royalty owners.Their actions demonstrate that they were willing to betray my clients and violate the law. We are suing to recover damages and to promote legal competition in the oil and gas industry.".  Full Article

SandRidge Energy Inc 2016 job cuts total 440- NewsOk, citing the Oklahoman - Reuters
Wednesday, 3 Feb 2016 01:08pm EST 

SandRidge Energy Inc:Tumbling oil prices continued to shake the local economy Wednesday as SandRidge Energy Inc. laid off 172 Oklahoma City employees - the Oklahoman.The company has cut 440 jobs since the first of the year - the Oklahoman.  Full Article

SandRidge Energy Inc reduced employee strength of its subsidiary by as high as 87% - ECLBFI
Saturday, 16 Jan 2016 12:15am EST 

SandRidge Energy Inc:SandRidge Energy Inc. has made an announcement on its axing of 226 out of 260 posts at its Lariat Services Group subsidiary in northwest Oklahoma, representing a reduction of almost 87% in the employee fleet of the oil-field service company - ECLBFI.These employees are based out of Cherokee and Alva. SandRidge personnel, on the other hand, have been kept out of this layoff process - ECLBFI.In a statement, SandRidge disclosed, The decision to close a significant portion of Lariat Services was a difficult, but necessary one, driven by the unprecedented environment currently facing our entire industry. - ECLBFI.  Full Article

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BRIEF-Sandridge Energy files for potential mixed shelf offering

* Files for potential mixed shelf offering; size not disclosed - sec filing Source text (http://bit.ly/2nYoHBP) Further company coverage: