Oklahoma City, OK, United States
Oklahoma City, OK, United States

SandRidge Energy is an oil and natural gas exploration company headquartered in Oklahoma City, Oklahoma.SandRidge was founded in 1984 as Riata Energy, Inc. In 2006, the company changed its name to SandRidge Energy. SandRidge’s drilling activities are focused on its oil properties in the Mid-Continent and Permian Basin. The Company also maintains production in West Texas. The company owns and operates drilling rigs under the brand name Lariat Services, Inc.The company made its initial public offering on November 5, 2007, offering over 28 million common stocks at roughly $26.00 US a share. SandRidge is traded on the New York Stock Exchange under the symbol SD. However, the stock price began to drop when natural gas prices decreased in 2008. Today, SandRidge Energy has 490 million common stocks at approximately $6.00 US a share.Tom L. Ward joined the company in June 2006 when he purchased a significant interest in the company, becoming the CEO and chairman. Ward previously co-founded Chesapeake Energy and was the chief operating officer of that company from 1989 until 1996.On June 19, 2013, Tom L. Ward, who founded the company in 2006 and has served as chief executive officer and chairman of the company since it was founded, left the company, leaving James Bennett as CEO who retains his title as president. Former lead independent director Jeffrey Serota serves as interim non-executive chairman effective the same date.Bennett has served as chief financial officer of SandRidge since January 2011 and was promoted to president in March 2013. Prior to joining SandRidge he was managing director for White Deer Energy, a private equity fund focused on the oil and gas industry. From 2006 to December 2009, Bennett was employed by GSO Capital Partners, where he served in various capacities in its energy group, including as a managing director. His prior experience also includes serving as chief financial officer of Aquilex Services Corp., a First Reserve portfolio company, and as an investment banker in the energy group of Donaldson, Lufkin & Jenrette . He started his career at NationsBank. Bennett graduated with a Bachelor of Business Administration degree with a major in finance from Texas Tech University. He has served on the board of directors of the general partner of Cheniere Energy Partners L.P. and PostRock Energy Corporation. Wikipedia.


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OKLAHOMA CITY, Nov. 8, 2016 /PRNewswire/ -- SandRidge Energy, Inc. (the "Company") (NYSE:SD) today announced financial and operational results for the quarter ended September 30, 2016. Production in the third quarter was 4.6 MMBoe (49.6 MBoepd, 28% oil, 24% NGLs, 48% natural gas)....


Chapman J.B.,University of Texas at El Paso | Chapman J.B.,Sandridge Energy | Worthington L.L.,Texas A&M University | Pavlis T.L.,University of Texas at El Paso | And 2 more authors.
Tectonics | Year: 2011

The Suckling Hills and Kayak Island are isolated mountain blocks located along strike from each other within the foreland of the St. Elias orogen in southern Alaska. These blocks preserve an erosional surface that was deformed by slip on northwest-dipping reverse faults in the Pleistocene. We suggest that the Suckling Hills Fault and Kayak Island Zone form a segmented fault network that links with the Bering Glacier structure to the north. This fault network separates the central Yakataga fold and thrust belt from complex, multiply deformed structures in the western syntaxis. Ongoing accretion of the Yakutat microplate to North America results in translation of structures of the fold and thrust belt into the western syntaxis. The composite Suckling Hills Fault, Kayak Island Zone, and Bering Glacier structure may have formed because the older structures of the fold and thrust belt were unfavorably oriented within the western syntaxis region. This pattern of deformation provides a template for understanding the complex deformation within the core of the western syntaxis and predicts refolding and straightening of the western syntaxis margin with continued accretion. This study provides an analog for structural overprinting and changing deformation patterns through time in orogenic corners. Copyright 2011 by the American Geophysical Union.


Doser D.I.,University of Texas at El Paso | Rodriguez H.,University of Texas at El Paso | Rodriguez H.,Sandridge Energy
Tectonophysics | Year: 2011

We compare relocations of recent (1973-2005) and historic (1919-1972) earthquakes to geologic and geophysical (gravity, aeromagnetic, and uplift) information to determine the relationship of seismicity to crustal deformation in southeastern Alaska. Our results suggest that along strike changes in the structure of the Pacific plate may control the location of the ends of rupture zones for large earthquakes along the offshore Queen Charlotte fault system in the southern portion of the study area. There is a marked increase in background seismicity in the northern portion of the study area where the Fairweather fault begins to bend toward the northwest and crustal uplift due to glacial unloading exceeds 20. mm/year. Focal mechanisms indicate that thrust and reverse mechanisms predominate in the region of maximum uplift, as might be expected by the decrease in ice sheet thickness. The diffuse nature of seismicity between the Fairweather and Denali faults in the northern study area suggests a complex interaction between plate/microplate interactions and glacial unloading, making it difficult to determine the optimal fault orientation for failure in moderate magnitude (5.5 to 6.5) earthquakes within this region. © 2010 Elsevier B.V.


Add Prem Watsa to the list of billionaire investors who correctly anticipated a post-Election Day turn in markets and is increasing bullish bets on U.S. markets. Watsa, CEO of Canadian insurance conglomerate Fairfax Financial Holdings, sold nearly $5 billion in U.S. Treasury bonds ahead of the election, fearing a renewed focus on infrastructure spending after the vote would drive post-election animal spirits and cause a sharp fall in bond prices. When Trump won the presidency in the early morning hours on Wednesday, global markets sold off but then rebounded sharply, entering a three-day bull run that has caused U.S. stocks to hit new record highs and government bonds to sell off to their lowest levels in a year. Since Tuesday, the yield on the 30-year U.S. Treasury bond has risen 34-basis points, according to FactSet data, to 2.96%. By selling his defensive Treasury holdings ahead the Trump rally, Wasta saved himself a lot of money. Now, after reading the post-election environment, Watsa is not returning to safe-haven assets like Treasuries. Instead, he is continuing to make bullish trades by taking off his stock market hedges. The move is similar to an election night trade made by billionaire Carl Icahn, who left a Trump victory party late on Tuesday night to bet $1 billion in S&P 500 Index futures. Prior to the election, Trump had spent much of 2016 increasing his bearish bets against the market. On Nov. 4, Watsa told investors he'd sold 90% of Fairfax Financial's Treasury bonds, building up a cash stockpile of $10 billion from $5.5 billion at the end of the third quarter. "[We've] sold 90%-plus of our Treasury bonds and we have made the point that the uncertainties in the U.S. election is the reason," he said on a conference call. "We don't know who is going to win the election, but you could have significant infrastructure spending, you could have the drop in corporate tax rates. And while we think that might work in the short term, in the long term we still have questions about that. But we do live in a mark-to-market world and we wanted to take that risk out and so we've done that," Watsa added, before noting, "our stocks are hedged. We've got no corporate bonds to speak of. We've got some deflation swaps. We like the position we're at." Since Election Day, markets have rocketed higher, particularly among assets that are exposed to increased public sector spending like infrastructure and defense. Though Watsa sold his Treasuries, he wasn't positioned to take advantage of this rally due to equity hedges and deflation swaps that may have cut into gains. "You never know when these markets will reverse, but we caution caveat emptor of buyer beware," he said ahead of the election. But now, Wasta is bolstering his equity market exposure, hoping to gain from a further rally in markets. On Friday afternoon, Watsa said Fairfax has significantly reduced its equity market hedges due to an expectation of dramatic improvements to the U.S. economy and stock markets in a Trump administration. "We believe the U.S. election may result in fundamental changes that may bolster economic growth and business development. As a result, there is the potential for a longer term rally in U.S equity markets that reduces the need for the capital preservation protection of equity hedging," Watsa said on Friday. Now Fairfax's equity hedges represent roughly 50% of its equity and equity-related holdings, down more than half from the end of the third quarter. Filings with the Securities and Exchange Commission show Fairfax's largest equity bets include Sandridge Energy, BlackBerry, IBM, Kennedy-Wilson Holdings and Resolute Forest Products. Watsa isn't the only billionaire who came out of the election excited about the U.S. economy. "I woke up extremely bullish on Trump," Pershing Square's Bill Ackman said at a Thursday conference hosted by the New York Times. “The United States is the greatest business on earth and it has been under-managed for a very long time,” Ackman added. "We are going to get a lot done." Unlike Watsa, Ackman wasn't sitting on billions of dollars in cash. His fund has been almost 100% exposed to stock markets for years, an un-hedged position Ackman characterized as a bullish bet on the United States. Donald Trump Makes The Fannie And Freddie Stock Boom Great Again Here's How Much Money Wall Street Brass Made In The Trump Rally


News Article | January 21, 2016
Site: www.ogj.com

Sandridge Energy Inc., Oklahoma City, agreed to reduce the volume of wastewaste going into disposal wells in the Medford and Cherokee-Byron areas. After negotiating with the Oklahoma Corporation Commission (OCC), Sandridge agreed to convert some disposal wells to research.


Trademark
Sandridge Energy | Date: 2011-06-28

Crude oil and natural gas. Oil and gas drilling. Transportation by way of ship, barge, truck, rail and pipeline of oil and gas. Exploration and searching of oil and gas.


Trademark
Sandridge Energy | Date: 2015-09-15

Crude oil; Natural gas.


Trademark
Sandridge Energy | Date: 2013-01-01

crude oil and natural gas.


News Article | August 12, 2015
Site: www.bloomberg.com

China just darkened the future for riskier corporate credit around the world. The world’s second-biggest economy shocked markets this week by depreciating its currency by the most in two decades, with the goal of aligning the yuan more closely to the market rate. In response, the average price of dollar-denominated junk bonds plunged to its lowest level since 2011. Debt of some energy companies, including Energy XXI Gulf Coast Inc. and Sandridge Energy Inc., fell more than 5 percent on Tuesday alone, Bank of America Merrill Lynch index data show. And China’s move deepened losses on obligations issued by U.S. metals and mining companies, which are already suffering their highest default rate since 2003. Why is a cut in the yuan’s value such a huge deal for U.S. corporate credit? Because it indicates that China’s growth is slowing down, perhaps more than analysts expected, which directly affects industrial companies that rely on continual demand from the $10.4 trillion economy. The problem is particularly acute for commodity producers that have already been struggling to meet their bills in the face of lower natural-resources values. China’s decision to effectively make its goods cheaper for the rest of the world to buy also makes it difficult for wages and consumer prices to increase globally. That undermines what central bankers around the world have been trying to accomplish over the past six years as they unleashed unprecedented policies of buying bonds and lowering benchmark rates. “The outlook for developed markets suddenly got a lot worse,” wrote Krishna Memani, chief investment officer at OppenheimerFunds, in an Aug. 11 report. This is particularly concerning for businesses that are most reliant on developers to construct and fuel buildings, roads, schools and factories. Debt issued by U.S. metals and mining companies had a 10 percent default rate at the latest reading, according to a Fitch Ratings. That $53 billion pool of obligations has already endured a 15.3 percent loss this year, Bank of America Merrill Lynch index data show. Prices in the $1.3 trillion U.S. junk-bond market have fallen to an average 95.8 cents on the dollar from this year’s high of 101.3 cents in February, the data show. The losses may deepen if China fails to keep a grip on how quickly its currency tumbles and the Federal Reserve decides to go ahead and raise U.S. benchmark rates this year, as they’ve been planning to do. That would probably lead to the dollar strengthening, bond yields rising and debt prices falling. On the flip side, the depreciating Chinese currency could end up having a positive impact. It could stimulate growth in that economy and prompt the U.S. to delay its plans to tighten monetary policy, which would prolong the easy-money policies that have allowed speculative companies to sell record amounts of debt. Since the move was announced, the yuan has led the biggest two-day slide in Asian currencies since 2008. While the People’s Bank of China is following through on a pledge to align its currency more closely with the market rate, people familiar with the matter said authorities intervened to support the yuan and told banks to limit some companies’ dollar purchases. “China’s move could be negative in the near-term,” said Jonathan Mackay, a senior market strategist at Morgan Stanley’s wealth-management unit, “if the market doesn’t believe they have it under control.” So far, the market isn’t convinced about that.

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