OKLAHOMA
CITY, July 12, 2023 /PRNewswire/ -- SandRidge
Energy, Inc. (the "Company" or "SandRidge") (NYSE: SD) today
announced the closing of an acquisition which increases its
interest in twenty-six producing wells operated by the Company
within the Northwest Stack play for approximately $11.25 million, with an effective date of
April 1, 2023. Average net production
associated with the acquired interests for the first quarter of
2023 was approximately 500 barrels of oil equivalent per day (~30%
oil). The low decline profile and oilier content associated with
these properties and interests will further strengthen the
Company's commodity price realizations, operating margins and cash
flow.
Contact Information
Investor Relations
SandRidge Energy, Inc.
1 E. Sheridan Ave. Suite 500
Oklahoma City, OK 73104
investors@sandridgeenergy.com
About SandRidge Energy, Inc.
SandRidge Energy, Inc.
(NYSE: SD) is an independent oil and gas company engaged in the
development and acquisition of oil and gas properties. Its primary
area of operations is the Mid-Continent region in Oklahoma and Kansas. Further information can be found at
www.sandridgeenergy.com.
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SOURCE SandRidge Energy, Inc.