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United States

SandRidge Energy Inc (SD.N)

SD.N on New York Stock Exchange

10.24USD
15 Nov 2018
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Latest Key Developments (Source: Significant Developments)

Sandridge Energy Q3 Adjusted Earnings Per Share $0.31
Wednesday, 7 Nov 2018 04:35pm EST 

SandRidge Energy Inc ::SANDRIDGE ENERGY, INC. REPORTS FINANCIAL AND OPERATIONAL RESULTS FOR THIRD QUARTER 2018.Q3 ADJUSTED EARNINGS PER SHARE $0.31.Q3 EARNINGS PER SHARE $0.33.Q3 EARNINGS PER SHARE VIEW $0.22 -- THOMSON REUTERS I/B/E/S.QTRLY TOTAL COMPANY PRODUCTION OF 34 MBOEPD, UP 6% COMPARED TO 2018 Q2.INCREASED ITS 2018 PRODUCTION GUIDANCE TO 12.0 - 12.5 MMBOE FROM 11.3 - 11.9 MMBOE.FOR 2018, COMPANY EXPECTS TO SPEND BETWEEN $180 MILLION AND $190 MILLION.  Full Article

Sandridge Interim CEO William Griffin Says He Would Not Serve As Permanent CEO
Friday, 21 Sep 2018 06:37am EDT 

Sept 21 (Reuters) - SandRidge Energy Inc ::SANDRIDGE ENERGY - ON SEPT 17, WILLIAM GRIFFIN, INTERIM CEO INFORMED BOARD HE WOULD NOT BE A CANDIDATE TO SERVE AS CO'S PERMANENT PRESIDENT AND CEO.SANDRIDGE - BOARD HAS FORMED A 4-MEMBER SEARCH COMMITTEE TO EVALUATE & RECOMMEND TO THE BOARD CANDIDATES TO SERVE AS PERMANENT PRESIDENT AND CEO.SANDRIDGE ENERGY - PARTIES INTEND FOR GRIFFIN TO CONTINUE SERVING AS INTERIM PRESIDENT & CEO UNTIL A SUCCESSOR IS APPOINTED.  Full Article

Sandridge Energy Concludes Strategic Review Process And Will Move Forward With Company Development And Growth Plan
Monday, 10 Sep 2018 07:36pm EDT 

Sept 11 (Reuters) - SandRidge Energy Inc ::SANDRIDGE ENERGY CONCLUDES STRATEGIC REVIEW PROCESS AND WILL MOVE FORWARD WITH COMPANY DEVELOPMENT AND GROWTH PLAN.WHEN HIGHEST CASH BIDS WERE TOTALED, CO'S IMPLIED LIQUIDATION VALUE WAS ABOUT $12-$13 PER SHARE, WHICH BOARD BELIEVES MEANINGFULLY UNDERVALUES CO.TO CONTINUE FOCUS ON COST REDUCTIONS, MARGIN IMPROVEMENTS, DIVESTMENT OF NON-CORE PROPERTIES WHILE MOVING FORWARD WITH PROFITABLE PLAN FOR ORGANIC GROWTH.  Full Article

Carl Icahn Says ISS Recommends Sandridge Energy Stockholders Vote For 3 Of His Nominees
Wednesday, 6 Jun 2018 12:51pm EDT 

June 6 (Reuters) - Carl Icahn::CARL ICAHN SAYS ISS RECOMMENDS THAT SANDRIDGE ENERGY STOCKHOLDERS VOTE AGAINST BOARD’S PROPOSAL TO APPROVE EXECUTIVE COMPENSATION.CARL ICAHN - ISS RECOMMENDS SANDRIDGE ENERGY STOCKHOLDERS VOTE FOR 3 OF HIS NOMINEES AND WITHHOLD VOTES FROM SANDRIDGE DIRECTOR KENNETH BEER.CARL ICAHN SAYS ISS RECOMMENDS SANDRIDGE ENERGY STOCKHOLDERS VOTE AGAINST BOARD’S PROPOSAL TO RATIFY & EXTEND POISON PILL.  Full Article

Carl Icahn - Urges Sandridge Energy Shareholders To Vote Against Proposal To Ratify And Extend Poison Pill
Tuesday, 24 Apr 2018 09:47am EDT 

April 24 (Reuters) - SandRidge Energy Inc ::CARL ICAHN - URGES SANDRIDGE ENERGY SHAREHOLDERS TO VOTE AGAINST PROPOSAL TO RATIFY AND EXTEND POISON PILL - SEC FILING.  Full Article

SandRidge Announces Rejection Of Midstates' Proposal
Monday, 19 Mar 2018 05:22pm EDT 

March 19 (Reuters) - SandRidge Energy Inc ::SANDRIDGE ANNOUNCES REJECTION OF MIDSTATES' PROPOSAL AND REVIEW OF STRATEGIC ALTERNATIVES.SANDRIDGE ENERGY - BOARD REJECTED MIDSTATES PETROLEUM'S UNSOLICITED PUBLIC OFFER TO COMBINE COS IN STOCK FOR STOCK MERGER AT 60%/40% EXCHANGE RATIO.SANDRIDGE ENERGY INC - HAS RECEIVED INDICATIONS OF INTEREST REGARDING ALTERNATIVE TRANSACTIONS FROM OTHER OIL AND GAS COMPANIES.SANDRIDGE - REJECTION OF MIDSTATES' PROPOSAL PRIMARILY BASED ON "SIGNIFICANTLY DIFFERING OPINIONS" OF MIDSTATES' PROVEN OIL AND GAS RESERVES.SANDRIDGE ENERGY INC - IT WILL UNDERTAKE A FORMAL PROCESS TO EVALUATE STRATEGIC ALTERNATIVES.SANDRIDGE - CO DOES NOT SUPPORT MIDSTATES' ESTIMATE THAT COMBINED BUSINESS PLAN WOULD RESULT IN GENERALLY FLAT PRODUCTION FROM 2019-2022.SANDRIDGE ENERGY - STRATEGIC ALTERNATIVES TO INCLUDE EVALUATION OF DIVESTMENT OR JV OPPORTUNITIES ASSOCIATED WITH NORTH PARK BASIN ASSETS.SANDRIDGE - CO DOES NOT SUPPORT MIDSTATES' ESTIMATE THAT COMBINED BUSINESS PLAN WOULD RESULT IN FREE CASH FLOW OF $320 MILLION - $400 MILLION, FROM 2019-2022.SANDRIDGE - CONCLUDED THAT ACCEPTING MIDSTATES' PROPOSAL WOULD BE "HIGHLY DILUTIVE".  Full Article

Southwestern Energy Names Julian Bott CFO
Monday, 26 Feb 2018 08:30am EST 

Feb 26 (Reuters) - Southwestern Energy Co ::SOUTHWESTERN ENERGY CO - JULIAN BOTT NAMED CFO.SOUTHWESTERN ENERGY - ‍JENNIFER STEWART, WHO SERVED AS CFO ON INTERIM BASIS, WILL BECOME SENIOR VP, GOVERNMENT AND REGULATORY AFFAIRS​.SOUTHWESTERN ENERGY - BOTT JOINS CO FROM SANDRIDGE ENERGY.  Full Article

SandRidge Energy Q4 Loss Per Share $0.54
Wednesday, 21 Feb 2018 04:15pm EST 

Feb 21 (Reuters) - Sandridge Energy Inc ::SANDRIDGE ENERGY, INC. REPORTS FINANCIAL AND OPERATIONAL RESULTS FOR FOURTH QUARTER AND FULL YEAR OF 2017.Q4 ADJUSTED EARNINGS PER SHARE $0.34 EXCLUDING ITEMS.Q4 LOSS PER SHARE $0.54.‍OIL PRODUCTION INCREASE OF 73 MBO OR 8% IN Q4 2017 OVER Q3 2017​.‍ PRODUCTION TOTALED 3.5 MMBOE FOR Q4​.SEES ‍ 2018 TOTAL PRODUCTION 11.3 MMBOE - 11.9 MMBOE​.‍2018 CAPITAL EXPENDITURE GUIDANCE RANGE IS $180 MILLION - $190 MILLION​.‍ FOR 2018, 86 PERCENT OF COMPANY'S EXPECTED LIQUIDS PRODUCTION IS HEDGED.  Full Article

SandRidge Energy Issues Letter To Shareholders
Thursday, 8 Feb 2018 04:35pm EST 

Feb 8 (Reuters) - SandRidge Energy Inc ::SANDRIDGE ENERGY ISSUES LETTER TO SHAREHOLDERS.SANDRIDGE ENERGY INC - BOARD APPROVED BUDGET FOR 2018, WHICH INCLUDES $180-$190 MILLION IN TOTAL CAPITAL EXPENDITURES.SANDRIDGE ENERGY - IS IN PROCESS OF INSTITUTING CHANGES IN ORGANIZATION STRUCTURE TO EFFICIENTLY EXECUTE STRATEGIC OBJECTIVES.SANDRIDGE ENERGY - CHANGES TO ORGANIZATION STRUCTURE ARE EXPECTED TO REDUCE ONGOING G&A CASH EXPENSES BY ONE-THIRD TO $36 MILLION - $39 MILLION PER YEAR.SANDRIDGE ENERGY INC - WILL CONTINUE A ONE-RIG PROGRAM IN NW STACK OF MID-CONTINENT SUBSTANTIALLY FUNDED BY A DEVELOPMENT AGREEMENT.SANDRIDGE ENERGY INC - COMPANY WILL ALSO CONTINUE A ONE-RIG DRILLING PROGRAM IN NORTH PARK BASIN.SANDRIDGE ENERGY SAYS "SIGNIFICANT REDUCTION IN GENERAL AND ADMINISTRATIVE CASH EXPENSE CONSISTENT WITH NEED FOR SUPERIOR FINANCIAL DISCIPLINE".  Full Article

SandRidge Energy Announces Departure Of CEO And CFO, Appoints Sylvia Barnes As An Independent Member Of The Board
Thursday, 8 Feb 2018 04:35pm EST 

Feb 8 (Reuters) - SandRidge Energy Inc ::SANDRIDGE ENERGY, INC. ANNOUNCES THE DEPARTURE OF CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER AND APPOINTS SYLVIA K. BARNES AS AN INDEPENDENT MEMBER OF THE BOARD OF DIRECTORS.SANDRIDGE ENERGY INC - ‍APPOINTS SYLVIA K. BARNES AS AN INDEPENDENT MEMBER OF BOARD OF DIRECTORS​.SANDRIDGE ENERGY INC - JAMES BENNETT, COMPANY'S PRESIDENT AND CHIEF EFFECTIVE OFFICER, WILL DEPART FROM COMPANY, EFFECTIVE FEBRUARY 8, 2018.SANDRIDGE ENERGY INC - ‍IN LIGHT OF DISCUSSIONS WITH LARGE SHAREHOLDERS, "NOW IS RIGHT TIME TO BEGIN TRANSITIONING TO A NEW LEADERSHIP TEAM"​.SANDRIDGE ENERGY INC - BILL GRIFFIN TO SERVE AS INTERIM PRESIDENT AND CEO WHILE CO CONDUCTS FULL REVIEW OF INTERNAL & EXTERNAL CANDIDATES.SANDRIDGE ENERGY INC - ‍MIKE JOHNSON, COMPANY'S CHIEF ACCOUNTING OFFICER, HAS AGREED TO SERVE AS INTERIM CHIEF FINANCIAL OFFICER​.SANDRIDGE ENERGY INC - ‍GRIFFIN WILL CONTINUE TO SERVE AS A MEMBER OF BOARD​.SANDRIDGE ENERGY - BOARD ACCEPTED RECOMMENDATION OF NOMINATING AND GOVERNANCE COMMITTEE TO APPOINT SYLVIA BARNES AS INDEPENDENT MEMBER OF BOARD.SANDRIDGE ENERGY INC - ‍BOARD WILL CONTINUE TO HAVE FOUR INDEPENDENT DIRECTORS WITH APPOINTMENT OF SYLVIA BARNES ​.SANDRIDGE ENERGY INC - ‍JULIAN BOTT, COMPANY'S CHIEF FINANCIAL OFFICER, WILL ALSO DEPART FROM COMPANY​.SANDRIDGE ENERGY - JOHN SUTER WILL CONTINUE IN AS COO, PHILIP WARMAN WILL REMAIN GENERAL COUNSEL WITH EXPANDED ROLE AS EXECUTIVE VICE PRESIDENT.  Full Article

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SandRidge says interim CEO not in race for top job

SandRidge Energy Inc said on Friday board member and interim Chief Executive Officer Bill Griffin would not be a candidate for the position of CEO but would continue in his role until a successor is appointed.