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United States

SandRidge Energy Inc (SD.N)

SD.N on New York Stock Exchange

15.64USD
21 Feb 2018
Change (% chg)

$0.11 (+0.71%)
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Volume
143,480
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139,060
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$21.89
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Latest Key Developments (Source: Significant Developments)

SandRidge Energy Q4 Loss Per Share $0.54
4:15pm 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

Midstates Petroleum offers to merge with SandRidge Energy
Tuesday, 6 Feb 2018 06:03am EST 

Feb 6 (Reuters) - Midstates Petroleum Company Inc ::MIDSTATES PETROLEUM PROPOSES COMBINATION WITH SANDRIDGE ENERGY IN ALL-STOCK TRANSACTION.MIDSTATES PETROLEUM COMPANY SAYS HAS PROPOSED TO COMBINE WITH SANDRIDGE ENERGY IN ALL-STOCK MERGER.MIDSTATES PETROLEUM COMPANY INC - COMBINED COMPANY WOULD ACHIEVE GREATER THAN $70 MILLION IN ANNUAL SYNERGIES.MIDSTATES PETROLEUM COMPANY INC - ‍SANDRIDGE SHAREHOLDERS WOULD OWN APPROXIMATELY 60% OF COMBINED COMPANY AND MIDSTATES SHAREHOLDERS WOULD OWN 40%​.MIDSTATES PETROLEUM - SENT LETTER TO BOARD OF SANDRIDGE DETAILING MERGER PROPOSAL AND "ITS STRONG DESIRE TO NEGOTIATE A FRIENDLY TRANSACTION".MIDSTATES PETROLEUM COMPANY INC - ‍COMBINED CO TO BE LED BY DAVID J. SAMBROOKS, MIDSTATES' PRESIDENT AND CHIEF EXECUTIVE OFFICER​.MIDSTATES PETROLEUM COMPANY - COMBINED CO WOULD ACHIEVE PROJECTED ANNUAL FREE CASH FLOW OF OVER $100 MILLION AND ACCRETION TO BOTH SETS OF SHAREHOLDERS.MIDSTATES PETROLEUM COMPANY INC - ‍SANDRIDGE SHAREHOLDERS WOULD RECEIVE 1.068 SHARES OF MIDSTATES FOR EACH EXISTING SANDRIDGE SHARE​.MIDSTATES PETROLEUM COMPANY INC - ‍THERE IS SIGNIFICANT SHAREHOLDER OVERLAP BETWEEN TWO COMPANIES OF APPROXIMATELY 40%​.MIDSTATES PETROLEUM - ‍COMBINED CO TO HAVE "ZERO NET DEBT, STRONG LIQUIDITY", FORECASTED FREE CASH FLOW GENERATION OF UP TO $480 MILLION OVER NEXT 5 YRS​.MIDSTATES PETROLEUM - PROPOSAL TO SANDRIDGE ENERGY HAS SUPPORT OF FIR TREE PARTNERS AND AVENUE CAPITAL GROUP, CO'S LARGEST SHAREHOLDERS.  Full Article

SandRidge Energy Announces Termination Of Agreement To Acquire Bonanza Creek Energy
Thursday, 28 Dec 2017 05:00pm EST 

Dec 28 (Reuters) - SandRidge Energy Inc ::SANDRIDGE ENERGY ANNOUNCES TERMINATION OF AGREEMENT TO ACQUIRE BONANZA CREEK ENERGY.SANDRIDGE ENERGY INC - ‍AS PART OF MUTUAL TERMINATION AGREEMENT, SANDRIDGE WILL REIMBURSE BONANZA CREEK FOR TRANSACTION RELATED EXPENSES UP TO $3.7 MILLION​.SANDRIDGE - AFTER CONSULTING WITH LARGEST SHAREHOLDERS, BECAME CLEAR CO WOULD NOT GET APPROVAL FOR DEAL.  Full Article

Guggenheim Partners Says Intends To Vote Against Bonanza Creek-Sandridge Deal
Wednesday, 20 Dec 2017 01:15pm EST 

Dec 20 (Reuters) - Guggenheim Partners Investment Management::GUGGENHEIM PARTNERS INVESTMENT MANAGEMENT ISSUES STATEMENT ON SANDRIDGE PROPOSED ACQUISITION OF BONANZA CREEK.‍GUGGENHEIM PARTNERS SAYS INTENDS TO VOTE ALL SANDRIDGE SHARES UNDER MANAGEMENT AGAINST PROPOSED ACQUISITION OF BONANZA CREEK, ASSOCIATED SHARE ISSUANCE​.  Full Article

Fir Tree Partners Issues Open Letter To The Sandridge Board
Monday, 18 Dec 2017 07:30am EST 

Dec 18 (Reuters) - Bonanza Creek Energy Inc ::FIR TREE PARTNERS ISSUES OPEN LETTER TO THE SANDRIDGE BOARD OPPOSING ADDITIONAL STOCK ISSUANCE TO ACQUIRE BONANZA CREEK ENERGY.FIR TREE PARTNERS - ISSUED OPEN LETTER TO BOARD OF SANDRIDGE ENERGY REITERATING "STRONG OPPOSITION" TO PROPOSED ACQUISITION OF BONANZA CREEK ENERGY.FIR TREE PARTNERS IN OPEN LETTER TO SANDRIDGE BOARD - VOICING SUPPORT FOR POSITION OF ICAHN CAPITAL LP LAID OUT IN ITS PROXY STATEMENT.  Full Article

Carl Icahn Files Preliminary Proxy Statement Soliciting Proxies From SandRidge Energy's Stockholders
Friday, 15 Dec 2017 09:06am EST 

Dec 15 (Reuters) - SandRidge Energy Inc ::CARL ICAHN SAYS FILED A PRELIMINARY PROXY STATEMENT WITH U.S. SEC SOLICITING PROXIES FROM STOCKHOLDERS OF SANDRIDGE ENERGY - SEC FILING.CARL ICAHN - SOLICITING PROXIES FROM SANDRIDGE STOCKHOLDERS TO VOTE AGAINST PROPOSED ISSUANCE OF SHARES IN CONNECTION WITH BONANZA CREEK TRANSACTION.  Full Article

Sandridge Energy Publishes Letter To Shareholders Regarding Strategic Acquisition Of Bonanza Creek
Monday, 11 Dec 2017 07:00am EST 

Dec 11 (Reuters) - Sandridge Energy Inc ::SANDRIDGE ENERGY PUBLISHES LETTER TO SHAREHOLDERS REGARDING STRATEGIC ACQUISITION OF BONANZA CREEK.  Full Article

Carl Icahn Makes Demand To Inspect Certain Books And Records Of Sandridge Energy
Friday, 1 Dec 2017 12:03pm EST 

Dec 1 (Reuters) - SandRidge Energy Inc ::CARL ICAHN - ON DEC 1, ICAHN DELIVERED TO SANDRIDGE ENERGY A DEMAND TO INSPECT CERTAIN BOOKS AND RECORDS OF SANDRIDGE.CARL ICAHN - DEMAND TO INSPECT CERTAIN BOOKS AND RECORDS OF SANDRIDGE ENERGY MADE PURSUANT TO SECTION 220 OF THE DELAWARE GENERAL CORPORATION LAW.CARL ICAHN - ICAHN PARTIES WILL AGREE TO ENTER CONFIDENTIALITY AGREEMENT WITH SANDRIDGE REGARDING DOCUMENTS TO BE INSPECTED.CARL ICAHN - PURPOSE OF THE 220 DEMAND IS TO ALLOW ICAHN TO INVESTIGATE ACTIONS OF SANDRIDGE ENERGY'S SENIOR MANAGEMENT AND BOARD.CARL ICAHN - WILL INSIST CONFIDENTIALITY AGREEMENT WITH SANDRIDGE CONTAIN PROVISION FOR A THIRD PARTY TO ORDER MAKING SOME DOCUMENTS PUBLIC.CARL ICAHN - PURPOSE OF DEMAND IS TO ALLOW ICAHN TO INVESTIGATE ACTIONS PERTAINING TO SANDRIDGE'S SENIOR MANAGEMENT COMPENSATION.CARL ICAHN - DEMAND ALSO TO INVESTIGATE ACTIONS PERTAINING TO SANDRIDGE'S PROPOSED ACQUISITION OF BONANZA CREEK ENERGY, AND POISON PILL ADOPTED BY CO.CARL ICAHN - DEPENDING ON CONTENT OF DOCUMENTS DEMANDED FROM SANDRIDGE, ICAHN PARTIES MIGHT PURSUE PROXY CONTEST TO OPPOSE BONANZA DEAL.  Full Article

BRIEF-SandRidge Energy Q4 Loss Per Share $0.54

* SANDRIDGE ENERGY, INC. REPORTS FINANCIAL AND OPERATIONAL RESULTS FOR FOURTH QUARTER AND FULL YEAR OF 2017