SandRidge Energy, Inc. Company News

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Southwestern Energy Exec Passes Away
Wednesday, January 06, 2021Southwestern Energy Executive Vice President and CFO Julian Bott died unexpectedly on Jan. 3. PHOTO SOURCE: BusinessWire

SandRidge Energy Places Some Staff on WARN Leave
Friday, April 17, 2020Affected employees will remain on WARN Leave through June 14.

SandRidge Names New CEO to Lead Right-Sizing Efforts
Wednesday, April 08, 2020The new exec has proven cost and operational turnaround experience at public oil and gas companies.

Mid-Continent NatGas, NGL Realizations Take Toll on SandRidge
Friday, February 28, 2020Its 2020 spending plan assumes $53 per barrel and $2.15 per MMBtu.

Sandridge Energy Announces April Layoffs
Tuesday, February 11, 2020No further information surrounding the layoffs was provided.

SandRidge CEO to Resign
Friday, December 13, 2019John Suter, SandRidge's chief operating officer, will service as interim president and CEO.

SandRidge Energy Names New CEO
Tuesday, January 29, 2019The Oklahoma City-based shale producer names Paul McKinney as new president and CEO.

SandRidge Sells Permian Assets; Buys Mid-Con Assets
Monday, November 05, 2018SandRidge Energy divests Permian assets and picks up assets in the Mid-Continent Basin.

SandRidge Energy Rejects Takeover Bids, Saying They Undervalue Company
Monday, September 10, 2018SandRidge says it ended its strategic review and rejected all bids, saying they undervalued the company.

Icahn Is Said to Have Won Control of Board at SandRidge
Tuesday, June 19, 2018Activist investor Carl Icahn has won control of SandRidge's board based on preliminary results, according to sources.

SandRidge Approached by 17 Suitors, Icahn Says Not to Bid Soon
Friday, June 15, 2018SandRidge Energy Inc said it had been approached by 17 potential bidders for a buyout, including billionaire Carl Icahn who is fighting for control of the oil and gas producer's board.

SandRidge Fights Back Against Icahn Over Board Control
Tuesday, May 29, 2018SandRidge warns shareholders they would be handing control of the company too cheaply to activist investor Carl Icahn if they elect his new nominees to the board.

For Some Wounded US Drillers, the Oil Rout Never Ended
Tuesday, March 27, 2018More than a year after exiting bankruptcy, SandRidge Energy Inc. is stuck in stock-market purgatory.

SandRidge Lays Off 30% of Oklahoma City Staff
Tuesday, February 27, 2018As 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, 2018SandRidge 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, 2017SandRidge Yields To Icahn Pressure, Ends Bonanza Creek Deal

SandRidge Sets Poison Pill after Icahn Reveals Stake
Monday, November 27, 2017SandRidge 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, 2016The 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, 2016SandRidge 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, 2016A 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, 2016Chesapeake 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, 2016Upstream 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, 2016Oil 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, 2016SandRidge 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, 2016Investors 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, 2016Reuters examines the work and last days of controversial oil-and-gas pioneer Aubrey McClendon.

Goodrich Petroleum Delays $11M in Interest Payments
Tuesday, March 08, 2016Goodrich 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, 2016SandRidge 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, 2016SandRidge Energy closes a portion of its subsidiary Lariat Services and lays off 226 employees.

NYSE Drops Goodrich Petroleum, Penn Virginia
Thursday, January 14, 2016Following 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, 2016Sandridge 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, 2016SandRidge 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, 2015SandRidge 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, 2014SandRidge 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, 2014SandRidge 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, 2013Performance 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, 2013SandRidge 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, 2013SandRidge 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, 2013SandRidge 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, 2013Hess 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, 2013SandRidge 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, 2013SandRidge 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, 2013Investment 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, 2013TPG-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, 2013Investment 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, 2012SandRidge'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, 2012A 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, 2012SandRidge 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, 2012SandRidge 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, 2012Matt McCarroll joins ATP Oil & Gas as chief executive officer.