Sandridge Energy (SD) Reports Q3 EPS of $0.31, Revenues Beat
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Sandridge Permian Trust (PER) Announces Sale of Underlying Properties by SandRidge Energy (SD)
November 5, 2018 4:53 PM ESTSANDRIDGE PERMIAN TRUST (NYSE: PER) today announced that on November 1, 2018, SandRidge Energy, Inc. (SandRidge) sold all of its interests in the oil and natural gas properties underlying the Trust and all of its outstanding Trust units to Avalon Energy, LLC (Avalon), a Texas limited liability... More
Sandridge Energy (SD) Announces Mid-Continent Acquisition, Exit from West Texas Central Basin Platform
November 5, 2018 6:40 AM ESTSandRidge Energy (NYSE: SD) announced today it has closed two transactions that will collectively generate meaningful incremental asset value, margin improvements and operational efficiencies for the Company.
On November 1, the Company sold substantially all of its oil and gas properties, rights and related assets in the Central Basin Platform ("CBP") region of the Permian Basin, together with 13,125,000 Common Units of the SandRidge Permian Trust (the "Trust"), to an unaffiliated party for net proceeds of $14.5 million, subject to certain post-closing adjustments. The subject oil and gas properties largely consist of shallow, low net revenue... More
