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

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.