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Sandridge Energy - SD STOCK NEWS

Welcome to our dedicated page for Sandridge Energy news (Ticker: SD), a resource for investors and traders seeking the latest updates and insights on Sandridge Energy stock.

Overview of Sandridge Energy

Sandridge Energy Inc. (NYSE: SD) is a United States-based independent oil and natural gas company engaged in the exploration, development, and production of hydrocarbons. With core operations in the Mid-Continent region and the Niobrara shale, the company leverages cutting-edge oil and gas exploration and drilling technology to drive its high-return projects. This integrated approach positions Sandridge Energy as a key participant in the energy sector, ensuring a thorough and disciplined operational focus rooted in technical expertise and extensive industry experience.

Core Business and Operational Model

Sandridge Energy operates across multiple segments within the oil and gas industry. The company primarily focuses on the acquisition and development of oil, natural gas, and natural gas liquids through its exploration and production activities. In addition, its portfolio includes services connected to drilling and oil field operations and midstream gas services. These activities are supported by a strategic emphasis on cost efficiency and operational excellence, enabling the company to identify and maximize high-return opportunities across proven productive regions.

Strategic Asset Development and Acquisitions

The company has a proven track record of enhancing its asset base through targeted acquisitions and joint development agreements. In recent strategic transactions, Sandridge Energy has expanded its footprint through cash acquisitions and partnerships that integrate producing assets with leasehold interests in mature, high-potential areas. This strategy not only augments its production portfolio but also strengthens its operational capabilities by incorporating operational synergies that stem from a deep understanding of regional geologic plays and effective drilling techniques.

Operational Excellence and Industry Expertise

Sandridge Energy distinguishes itself through a commitment to operational discipline and industry best practices. The company has implemented advanced drilling methodologies and leverages well-refined oil field services to optimize extraction processes. Its experienced team employs a data-driven approach to evaluate hydrocarbon potential, ensuring that drilling projects are both technically feasible and economically viable. These operational strengths are further bolstered by the company’s emphasis on low-cost lease operating expertise, which contributes to reinforcing its market position.

Employee Culture and Community Engagement

A defining feature of Sandridge Energy is its highly engaged employee culture. The company fosters a collaborative work environment where innovation and technical excellence drive operational success. Additionally, its "give, share, serve" philosophy reflects a strong community commitment. Sandridge employees actively participate in local initiatives such as educational programs and community service projects, ensuring that the company's impact extends beyond its operational achievements.

Market Position and Competitive Landscape

Within the competitive oil and gas sector, Sandridge Energy is recognized for its focused approach on high-return, growth-oriented projects. Its operations in the Mid-Continent region and strategic asset acquisitions distinguish it from larger, more diversified competitors. The company’s operational agility, cost-effective practices, and technical expertise create a competitive edge. While operating in a complex market that is influenced by regional dynamics and commodity fluctuations, Sandridge Energy’s methodical approach to asset development provides a solid foundation for consistent operational performance.

Business Model and Revenue Streams

The company’s business model is multifaceted, incorporating exploration and production, drilling, and midstream services. Revenue is generated through the sale of crude oil, natural gas, and natural gas liquids extracted from its operated assets. Moreover, its involvement in joint development agreements and strategic acquisitions further diversifies its revenue opportunities. This balanced portfolio of operations helps mitigate risks associated with commodity market volatility, while its emphasis on efficiency and technical proficiency ensures that the focus remains on generating sustainable returns.

Technological Integration and Operational Innovation

Sandridge Energy continuously integrates advanced technology into its operations, which enhances both exploration and production procedures. From state-of-the-art drilling technologies to refined seismic imaging techniques, the company's innovative approach facilitates accurate identification of extraction targets. This strong focus on technological integration not only improves operational performance but also underscores the company's commitment to maintaining its competitive position in a rapidly evolving industry.

Risk Management and Operational Discipline

Operating in the volatile energy market necessitates a rigorous approach to risk management. Sandridge Energy employs comprehensive strategies that account for market fluctuations, operational hazards, and regulatory changes. By adhering to strict operational discipline and methodical project evaluations, the company is able to balance potential risks with the pursuit of high-return projects. This methodological process ensures that each asset is developed with a clear understanding of its technical and economic feasibility, bolstering overall reliability and performance.

Conclusion

In summary, Sandridge Energy Inc. is a robust and versatile player within the oil and gas industry, distinguished by its integrated operations across exploration, production, and drilling services. With a strategic focus on high-return projects in the U.S. Mid-Continent and pressing an innovative approach to asset development, the company consistently applies industry best practices and operational excellence. Its emphasis on technological integration, coupled with an engaged employee culture and community involvement, reinforces a value proposition grounded in expertise, experience, authoritativeness, and trustworthiness. For investors and market observers, Sandridge Energy's comprehensive operational model and dedicated focus on cost efficiency and asset optimization underline a clear and informative portrayal of its business activities.

Rhea-AI Summary

SandRidge Energy (NYSE: SD) reported financial results for Q4 and FY 2024, highlighting strong operational performance and shareholder returns. Production averaged 19.1 MBoe per day in Q4, marking a 19% increase year-over-year, with oil production up 28%.

The company generated net income of $63.0 million ($1.70 per basic share) and adjusted EBITDA of $69.5 million in 2024. Proved reserves increased from 55.7 MMBoe to 63.1 MMBoe by year-end 2024.

Key developments include:

  • Declaration of $0.11 per share dividend payable March 31, 2025
  • Paid $16.4 million in regular dividends and $55.9 million special dividend in 2024
  • Maintained strong balance sheet with $99.5 million cash position
  • Completed two Cherokee Play acquisitions totaling $127.6 million
  • Announced 2025 guidance including 1-rig Cherokee Shale development plan

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SandRidge Energy (NYSE: SD) has announced it will release its fourth quarter and full year 2024 operational and financial results after market close on March 10, 2025. The company will host a conference call to discuss these results on March 11, 2025 at 1:00 p.m. Central Time.

Interested participants can register for the conference call online to receive dial-in information and a conference ID. Additionally, a live audio webcast will be available on the company's investor relations website and archived for at least 30 days.

SandRidge Energy is an independent oil and gas company focused on production, development, and acquisition of oil and gas properties, primarily operating in the Mid-Continent and Western Anadarko regions across Oklahoma, Texas, and Kansas.

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SandRidge Energy (NYSE: SD) reported Q3 2024 financial results with net income of $25.5 million ($0.69 per basic share) and adjusted EBITDA of $17.7 million. The company closed its Western Anadarko Basin acquisition for $123.8 million, including 44 producing wells and 4 DUC wells. September production averaged ~19 MBoe/d, representing a 27% increase from Q2. The company maintains strong liquidity with $94.1 million in cash and declared a $0.11 per share dividend. Free cash flow generation was $34.4 million for the nine months ended September 30, with a 76% conversion rate relative to adjusted EBITDA.

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SandRidge Energy (NYSE: SD) has announced it will release its third quarter 2024 operational and financial results after market close on Wednesday, November 6, 2024. The company will host a conference call on Thursday, November 7, 2024 at 1:00 p.m. Central Time to discuss the results. The call will be accessible through online registration, and a live audio webcast will be available on the company's website. The webcast will remain archived for 30 days for replay access.

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SandRidge Energy (NYSE: SD) has announced significant changes to its Board and Management. Vincent Intrieri has been appointed as Chairman of the Board, effective October 1, 2024. Intrieri, the Founder and CEO of VDA Capital Management , brings extensive experience from his previous roles with Carl C. Icahn-related entities and various board positions.

Jonathan Frates will transition from his role as Chairman of the Board to become Executive Vice President and Chief Financial Officer, effective October 21, 2024. Frates has a background in investment management and has served on multiple boards.

Brandon Brown, Sr. will assume the role of Senior Vice President, Chief Accounting Officer. These changes aim to strengthen SandRidge's leadership team and position the company to execute its strategy, particularly following its recent Anadarko Basin acquisition.

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SandRidge Energy (NYSE: SD) has closed its $144 million acquisition of producing assets and leasehold interests in the Cherokee play of the Western Anadarko Basin. The company has updated its full-year 2024 guidance, incorporating contributions from the new assets. Key highlights include:

- Increased total production guidance to 5.4 - 6.4 MMBoe
- Total capital expenditures raised to $33 - $39 million
- Drilling & Completions capex of $17 - $20 million
- Plans to complete 4 DUC wells and initiate drilling of up to 3 new wells

The acquisition is expected to benefit production and revenue from September through December 2024, with additional benefits in 2025 and beyond. SandRidge funded the transaction with cash on hand and has made an investor presentation available on its website.

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SandRidge Energy (NYSE: SD) announced financial results for Q2 2024 and declared a $0.11 per share cash dividend. Key highlights include:

- Net income of $8.8 million ($0.24 per basic share)
- Adjusted EBITDA of $12.9 million
- $211.3 million in cash and cash equivalents
- Generated $23.5 million of free cash flow in H1 2024
- Entered agreement to acquire Cherokee play assets for $144 million

Production decreased compared to Q2 2023, but realized oil prices improved. The company remains focused on optimizing its low-decline production base and evaluating high-return projects. SandRidge continues its dividend program and is funding the Cherokee acquisition with cash on hand.

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SandRidge Energy, Inc. (NYSE: SD) has announced plans to release its second quarter 2024 operational and financial results after the close of trading on Wednesday, August 7, 2024. The company will host a conference call on Thursday, August 8, 2024 at 1:00 p.m. Central Time to review the results and operational highlights. Interested parties can register for the call online in advance to receive dial-in information and a conference ID. A live audio webcast will also be available on the company's website and archived for 30 days. SandRidge Energy is an independent oil and gas company focused on development, acquisition, and production in the Mid-Continent region of Oklahoma and Kansas.

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SandRidge Energy (NYSE: SD) has announced a $144 million acquisition of assets in the Western Anadarko Basin's Cherokee play. The deal includes:

  • Net production of ~6 MBoed (40% oil) in Ellis and Roger Mills Counties, Oklahoma
  • 42 producing wells and 4 drilled uncompleted wells
  • Leasehold interest in 11 drilling spacing units, adding inventory of up to 22 two-mile lateral wells

SandRidge also entered a Joint Development Agreement for future development of certain acquired leasehold interests. The acquisition is expected to be immediately accretive to key metrics, including production, EBITDA, and free cash flow. The company plans to fund the transaction with cash on hand, with an anticipated closing in Q3 2024.

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SandRidge Energy, Inc. announced financial results for Q1 2024, including a $0.11 per share cash dividend. Net income was $11.1 million, adjusted net income was $8.4 million. Adjusted EBITDA was $14.7 million. Company had $208.5 million in cash. Operating costs and expenses were managed efficiently. Production totaled 1,376 MBoe. Revenues were $30.3 million. Company continues to focus on production optimization and high-return projects.

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FAQ

What is the current stock price of Sandridge Energy (SD)?

The current stock price of Sandridge Energy (SD) is $11.38 as of April 2, 2025.

What is the market cap of Sandridge Energy (SD)?

The market cap of Sandridge Energy (SD) is approximately 422.7M.

What is the core business of Sandridge Energy?

Sandridge Energy is primarily engaged in the exploration, development, and production of oil, natural gas, and natural gas liquids in key U.S. regions such as the Mid-Continent and Niobrara shale.

How does Sandridge Energy generate revenue?

The company earns revenue through its integrated operations that include exploration and production activities, drilling and oil field services, as well as midstream gas services, supplemented by strategic acquisitions and joint development agreements.

In which regions does Sandridge Energy operate?

Sandridge Energy's primary area of operation is the U.S. Mid-Continent region, including places like Oklahoma and Kansas, with additional focus on the Niobrara shale and other mature hydrocarbon-rich areas.

What distinguishes Sandridge Energy from its competitors?

Its focused operational approach, efficient cost management, integration of advanced drilling technologies, and a strong commitment to community engagement are key differentiators that set Sandridge Energy apart in the competitive oil and gas sector.

How important is technology in the operations of Sandridge Energy?

Technology plays a crucial role in enhancing exploration and production. Sandridge Energy utilizes advanced drilling techniques and seismic imaging to optimize asset development and improve extraction efficiency.

What role do acquisitions and joint development agreements play in the company’s strategy?

Acquisitions and joint development agreements enable Sandridge Energy to expand its asset base, diversify its revenue streams, and capitalize on high-return projects by integrating producing assets with emerging opportunities.

How does Sandridge Energy approach risk management?

The company employs a disciplined risk management strategy that involves careful project evaluation, adherence to industry best practices, and continuous monitoring of market conditions to balance potential risks with operational efficiency.

How does Sandridge Energy engage with the communities where it operates?

The company embraces a 'give, share, serve' approach, encouraging employees to actively participate in community initiatives such as local educational programs and service projects, thereby enhancing its social impact.
Sandridge Energy

NYSE:SD

SD Rankings

SD Stock Data

422.71M
36.40M
2.02%
71.49%
1.87%
Oil & Gas E&P
Crude Petroleum & Natural Gas
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United States
OKLAHOMA CITY