SandRidge to Sell Permian Assets for $2.6 Billion to Sheridan

SandRidge Energy Inc. (SD) agreed to sell assets in the Permian Basin to closely held Sheridan Production Partners II for $2.6 billion in cash.

The properties sold produced the equivalent of about 24,500 barrels of oil a day at the end of the third quarter, Oklahoma City-based SandRidge said in a statement today.

To contact the editor responsible for this story: Tina Davis at tinadavis@bloomberg.net

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