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SandRidge to Sell Permian Assets for $2.6 Billion to Sheridan

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Dec. 19 (Bloomberg) -- SandRidge Energy Inc. 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.

Link to Statement:{NSN MFAQXR3MMTC0 <GO>}

Link to Company News:{SD US <Equity> CN <GO>} Link to Company News:{PEF8756 US <Equity> CN <GO>}

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

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