SandRidge Finalizes JV Transaction with Atinum
SandRidge has completed its previously announced joint venture transaction with an affiliate of Atinum, a leading investment firm located in the Republic of Korea.
At closing, SandRidge received approximately $250 million in cash and transferred to Atinum an undivided 13.2% non-operated working interest in SandRidge's original Mississippian play. SandRidge will receive an additional $250 million in the form of a drilling carry.
- SandRidge Energy Back from Bankruptcy (Oct 06)
- SandRidge Overcomes Shareholder Fight To Exit Bankruptcy (Sep 09)
- SandRidge Bankruptcy Heads To Showdown With Shareholders (Sep 01)