SandRidge Energy acquires Cherokee Play assets for $65 million
The deal includes ~3.0 MBoed net production and ~7,000 net leasehold acres, closing expected in Q3 2026.
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Oil and gas exploration and production company
sandridgeenergy.comLast updated
In short: SandRidge Energy expanded its Mid-Continent footprint through acquisitions and increased shareholder returns via higher dividends.
The deal includes ~3.0 MBoed net production and ~7,000 net leasehold acres, closing expected in Q3 2026.
Net income of $18.7 million, adjusted EBITDA of $33.7 million, and an 8% dividend increase to $0.13 per share, plus a one-time dividend of $0.20 per share.
Results will be released after market close on May 6, 2026, with a conference call May 7 at 1:00 p.m. CT and a webcast archived for 30 days.
Net income of $21.6M in Q4, production increased 12% for the year, and declares March dividend.
Cautionary Note to Investors - This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended...
SandRidge Energy (SD) said Monday it agreed to acquire certain producing assets and leasehold interests in the Mid-Continent region's Cherokee play for $65M in cash...
Detailed price information for Sandridge Energy Inc (SD-N) from The Globe and Mail including charting and trades.
Cautionary Note to Investors - This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended...
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