SandRidge Energy Inc

Transaction Type
Sellers
Marketers
Post Date
Estimated Price
0MM
Description

NEW, SandRidge Energy Inc., Oklahoma City, (NYSE: SD) has retained Deutsche Bank Securities Inc. and Tristone Capital Inc. to sell its assets in East Texas and northern Louisiana. The assets include developed and undeveloped properties in East Texas producing from and prospective for the Cotton Valley, Travis Peak and Petit formations, as well as undeveloped, prospective acreage in the Haynesville and Bossier shales of East Texas and northern Louisiana. As of Dec. 31, 2007, SandRidge held interests in 53,388 gross (32,739 net) acres in the region. Estimated net proved reserves were 202.5 billion cubic feet equivalent, with net production of approximately 32.7 million cubic feet equivalent per day. The company drilled 48 wells (42 net) in the Cotton Valley trend in 2007. Contact Rob Bilger, 713-651-4200.