SandRidge Gets Subpoena on Potential Antitrust Violations
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SandRidge Energy Inc., the U.S. crude producer that ousted its founder Tom Ward in June, received a subpoena in December as part of a probe into potential antitrust violations during the purchase or lease of land, oil or natural gas rights.
SandRidge has no information about the U.S. Justice Department investigation beyond that disclosed in the filing to the Securities and Exchange Commission, Chief Executive Officer James Bennett said today on a conference all. The Oklahoma City-based company is cooperating with the probe, he said.