SD News & Events

SandRidge Energy closed its acquisition of certain producing assets and leasehold interests in the Cherokee play of the Western Anadarko Basin for $144M, before customary purchase price adjustments. The company funded the transaction with cash on hand.

SandRidge Energy raised its 2024 production guidance to 5.4-6.4 MMBoe from 4.7-5.9 MMBoe. Total liqids production guidance was raised to 2.4-3.0 MMBoe from 2.0-2.6 MMBoe. The company also raised its 2024 CapEx view to $33M-$39M from $8M-$11M.