SandRidge Energy, Inc. Company News
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SandRidge Lays Off 30% of Oklahoma City Staff
Tuesday, February 27, 2018 As the company restructures, SandRidge Energy has determined a need for staff reductions at its headquarters.
Icahn Demands Shake-Up At US Shale Producer SandRidge Energy
Tuesday, January 09, 2018 SandRidge Energy Inc's biggest shareholder, Carl Icahn, called on Tuesday for the replacement of two directors.
SandRidge Yields To Icahn Pressure, Ends Bonanza Creek Deal
Friday, December 29, 2017 SandRidge Yields To Icahn Pressure, Ends Bonanza Creek Deal
SandRidge Sets Poison Pill after Icahn Reveals Stake
Monday, November 27, 2017 SandRidge Energy says it adopted a shareholder rights plan, known as a 'poison pill', amid rising opposition from major shareholders to the oil producer's bid for rival Bonanza Creek Energy.
SandRidge Energy Back from Bankruptcy
Thursday, October 06, 2016 The embattled Oklahoma exploration and production company emerges with a clean balance sheet and $525 million in liquidity.
SandRidge Overcomes Shareholder Fight To Exit Bankruptcy
Friday, September 09, 2016 SandRidge Energy won court approval for a plan to exit bankruptcy, overcoming opposition from shareholders who had accused the oil and gas producer of misrepresenting its value.
SandRidge Bankruptcy Heads To Showdown With Shareholders
Thursday, September 01, 2016 A group of SandRidge Energy shareholders is accusing the oil and gas producer of grossly understating its value.
Chesapeake, Tom Ward Sued by Shale Owners for Alleged Scheme
Tuesday, July 19, 2016 Chesapeake Energy, the company Aubrey McClendon built into a natural-gas giant, is sued along with his former partner by lease holders who say the pair conspired to rig bids for drilling rights during the shale boom.
Linn Energy, Breitburn Could Be Tip of Iceberg for MLP Bankruptcies
Monday, May 16, 2016 Upstream MLP Breitburn Energy Partners files for bankruptcy protection and analysts believe there could be more to follow.
SandRidge Says It Is No Longer Target of Antitrust Probe
Friday, April 15, 2016 Oil and gas producer SandRidge Energy says it's no longer a target of a federal grand jury probe concerning antitrust violations related to leasing of oil and gas properties.
SandRidge Eyes Bankruptcy, Restructuring In US Shale Bust
Wednesday, March 30, 2016 SandRidge confirms it has hired advisers to evaluate options including a bankruptcy filing, in what could be the most high-profile reorganization yet in US shale oil industry.
Oil Boom Built on Junk Debt Sees $19B Default Wave
Friday, March 11, 2016 Investors face $19 billion in energy defaults as the worst oil crash in a generation leaves drillers struggling to stay afloat.
Special Report: The Final Days And Deals Of Aubrey McClendon
Friday, March 11, 2016 Reuters examines the work and last days of controversial oil-and-gas pioneer Aubrey McClendon.
Goodrich Petroleum Delays $11M in Interest Payments
Tuesday, March 08, 2016 Goodrich Petroleum has a grace period of 30 days to make $11 million in interest payments to avoid default.
SandRidge Energy To Skip Some Interest Payments, Talk With Bondholders
Wednesday, February 17, 2016 SandRidge says it will not make interest payments on some of its debt and use its 30-day grace period to negotiate with its bondholders.
SandRidge Energy Subsidiary in Oklahoma Cuts Hundreds of Jobs
Thursday, January 14, 2016 SandRidge Energy closes a portion of its subsidiary Lariat Services and lays off 226 employees.
NYSE Drops Goodrich Petroleum, Penn Virginia
Thursday, January 14, 2016 Following weeks of depressed share prices, more exploration and production companies purged from New York Stock Exchange.
SandRidge, Commission Seek Agreement Over Earthquake Plan Non-Compliance
Tuesday, January 12, 2016 Sandridge Energy seeks settlement with the Oklahoma Corporation Commission over non-compliance with a plan to reduce disposal well injection volumes.
SandRidge Faces Regulatory Action over Earthquake Plan
Friday, January 08, 2016 SandRidge Energy faces regulatory action in Oklahoma over failure to comply with a state regulatory plan to address seismicity associated with wastewater injection activity.
Filing: SandRidge Is Target Of Antitrust Grand Jury Probe
Thursday, May 07, 2015 SandRidge is the target of a federal grand jury probe concerning violations of antitrust law related to the leasing of oil and gas properties, the company said in a regulatory filing.
SandRidge Eyeing Options For Fracking Water Disposal Unit
Tuesday, March 25, 2014 SandRidge starts taking steps toward monetizing its fracking water disposal business as it tightens its core focus on oil and natural gas development.
SandRidge Energy to Exit US Gulf in $750M Deal
Tuesday, January 07, 2014 SandRidge Energy plans to sell its Gulf of Mexico operations in order to focus on drilling onshore.
Ward: CEOs Always Need to Have Bags Packed
Friday, October 18, 2013 Performance and thick skin are among qualities needed for oil and gas company CEOs facing shareholder activism, says former SandRidge CEO Tom Ward.
SandRidge Energy Names LeBlanc as New CFO
Tuesday, June 25, 2013 SandRidge Energy appoints Eddie LeBlanc as its new chief financial officer, succeeding James Bennett, who was recently named the oil and gas producer's chief executive.
SandRidge Energy Appoints James Bennett as CEO
Thursday, June 20, 2013 SandRidge Energy announced that the Board of Directors has named James Bennett CEO and president and that lead independent director Jeffrey Serota will serve as interim non-executive chairman.
SandRidge Names Operating Chief, Hires Law Firm to Review Charges
Monday, April 08, 2013 SandRidge Energy Inc. names David C. Lawler as its chief operating officer, as it highlights moves it has made as part of a strategic review.
Hess Cites Potential Governance Issues in Dissident Holder's Plan
Tuesday, March 26, 2013 Hess again urges shareholders to support its slate of board candidates as the exploration-and-production company continued its criticism of dissident investor Elliot Management's efforts to elect five board members.
SandRidge CEO Sells Shares Days After Truce With Activist Investor
Wednesday, March 20, 2013 SandRidge CEO Tom Ward sold about 13.5% of his SandRidge stock days after the company reached a truce with an activist investor that could lead to the executive's departure.
SandRidge Agrees to Either Fire CEO or Give TPG-Axon Control of Board
Thursday, March 14, 2013 SandRidge agrees to fire its CEO or give control of its board to an activist shareholder, settling a closely watched proxy battle amid an outbreak of investor unrest in the oil patch.
SandRidge Shareholder Questions Related-Party Transactions
Tuesday, February 19, 2013 Investment firm TPG-Axon finds what it calls an "undeniable pattern" of conflicted related-party transactions of large proportions with entities related to SandRidge CEO Tom Ward.
TPG-Axon Responds to SandRidge Review
Monday, January 28, 2013 TPG-Axon, beneficial owner of 6.7 percent of the outstanding shares of SandRidge Energy, on Monday issued the following statement and rebuttal to SandRidge?s press release regarding related party transactions issued Jan. 25, 2013.
Investment Firm Calls for SandRidge Probe, CEO to Step Down
Thursday, January 17, 2013 Investment firm Mount Kellett has called for a probe of mineral rights acquisitions and sales by SandRidge CEO Tom Ward and son.
SandRidge Energy Board Adopts Shareholders Rights Plan, Amends Bylaws
Tuesday, November 20, 2012 SandRidge's board adopted a stockholder rights plan aimed at discouraging a takeover and amended the company's bylaws to require a majority shareholder vote to approve any changes in certain requirements.
Another Shareholder Calls for Changes in SandRidge Management
Thursday, November 15, 2012 A second shareholder in SandRidge Energy has called for the company's board of directors to make changes to improve the company's financial performance and for the company's CEO to step down.
SandRidge Looks to Permian Sale to Fund Drilling, Repay Debt
Friday, November 09, 2012 SandRidge Energy is looking to sell Permian Basin assets to fund its Mississippian play drilling program and repay debt, company officials said in an earnings announcement.
SandRidge 'Actively Working' to Address Performance
Thursday, November 08, 2012 SandRidge Energy responds to a shareholder's call for SandRidge CEO Tom Ward to resign and for the company's board to consider all strategic alternatives.
McCarroll Takes Reins at ATP Oil & Gas
Friday, June 01, 2012 Matt McCarroll joins ATP Oil & Gas as chief executive officer.
SandRidge to Acquire Dynamic Offshore Resources for $1.28B
Thursday, February 02, 2012 SandRidge Energy, Inc. has entered into an agreement to acquire Dynamic Offshore Resources, LLC for aggregate consideration of $1.275 billion.
SandRidge Enters into $1B JV with Repsol
Thursday, December 22, 2011 SandRidge Energy enters into a $1 billion Joint Venture with a subsidiary of Repsol YPF, S.A., in the Extension and Original Mississippian play located in Western Kansas.
SandRidge Finalizes JV Transaction with Atinum
Wednesday, September 28, 2011 SandRidge has completed its previously announced joint venture transaction with an affiliate of Atinum.
Breitling Spuds Big Tex No. 1
Thursday, June 30, 2011 Breitling Oil and Gas Corporation has spud the Breitling-Big Tex #1 on June 26, 2011 in Gaines County, Texas.
SandRidge Begins Exchange Offer for Senior Notes
Tuesday, September 28, 2010 SandRidge announced the commencement of an offer to exchange all of its outstanding 8.750% Senior Notes.
SandRidge, Arena Finalize Merger
Friday, July 16, 2010 SandRidge and Arena jointly announced that special meetings of the stockholders of each of SandRidge and Arena were held.
SandRidge to Sell Certain Deep Acreage Rights in Ok.
Friday, July 02, 2010 SandRidge has signed a Letter of Intent with a large independent oil and gas company whereby SandRidge would sell certain deep acreage rights in Oklahoma.
SandRidge-Arena Merger to Create $6.2B Company
Monday, April 05, 2010 SandRidge Energy and Arena Resources have entered into a definitive merger agreement creating a $6.2 billion company headquartered in Oklahoma City.
SandRidge Hedges $1.1B of Oil Revenues through 2012
Friday, February 26, 2010 SandRidge reports a strong earnings potential with more than 80% of its estimated 2010 production hedged at $9.15 per Mcfe and more than $1.1 billion of oil revenues hedged through 2012.
SandRidge Declares Semi-Annual Dividend
Thursday, January 28, 2010 SandRidge has declared a $4.25 per share semi-annual dividend on its shares of 8.5% Convertible Perpetual Preferred Stock that will be paid in cash on February 15, 2010.
Forest Oil Closes Permian Basin Divestiture for $800MM
Tuesday, December 22, 2009 Forest Oil closed the previously announced sale of the remainder of its Permian Basin properties in West Texas and New Mexico for approximately $800 million to SandRidge Exploration and Production, LLC.
SandRidge Energy Prices $450MM Offering of Senior Notes
Thursday, December 10, 2009 SandRidge Energy has announced the pricing of its private placement of $450 million of 8 3/4% Senior Notes due January 15, 2020.
SandRidge Prices Public Offering of 24MM Shares of Common Stock
Wednesday, December 02, 2009 SandRidge Energy has priced its previously announced registered underwritten public offering of 24,000,000 shares of the Company's common stock.