Last $1.77 USD
Change Today -0.12 / -6.35%
Volume 29.5M
SD On Other Exchanges
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As of 8:04 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

sandridge energy inc (SD) Snapshot

Open
$2.06
Previous Close
$1.89
Day High
$2.08
Day Low
$1.75
52 Week High
06/20/14 - $7.43
52 Week Low
01/20/15 - $1.13
Market Cap
856.4M
Average Volume 10 Days
19.2M
EPS TTM
$0.32
Shares Outstanding
483.8M
EX-Date
--
P/E TM
5.6x
Dividend
--
Dividend Yield
--
Current Stock Chart for SANDRIDGE ENERGY INC (SD)

sandridge energy inc (SD) Related Businessweek News

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sandridge energy inc (SD) Details

SandRidge Energy, Inc., an oil and natural gas company, explores for and produces oil and natural gas properties primarily in the Mid-Continent region of the United States. The company operates through three segments: Exploration and Production, Drilling and Oil Field Services, and Midstream Services. The Exploration and Production segment explores for, develops, and produces oil and natural gas properties; and operates wells. The Drilling and Oil Field Services segment engages in the contract drilling of oil and natural gas wells. This segment also offers oil field services, such as providing pulling units, trucking, rental tools, location, and road construction and roustabout services. The Midstream Services segment purchases, gathers, treats, and sells natural gas. As of December 31, 2014, it had 4,486 gross producing wells; approximately 2,176,000 gross total acres under lease; and 35 rigs drilling in the Mid-Continent, as well as estimated proved reserves were 515.9 million barrels of oil equivalent. The company is headquartered in Oklahoma City, Oklahoma.

1,878 Employees
Last Reported Date: 02/27/15

sandridge energy inc (SD) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $1.1M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $207.6K
Senior Vice President of Midstream and Presid...
Total Annual Compensation: $574.5K
Senior Vice President of Accounting
Total Annual Compensation: $569.0K
Compensation as of Fiscal Year 2013.

sandridge energy inc (SD) Key Developments

SandRidge Energy, Inc. Reports Unaudited Consolidated Earnings and Operational Results for the Fourth Quarter and Year Ended December 31, 2014; Reports Asset Impairment for the Fourth Quarter Ended December 31, 2014; Provides Production Guidance for the Year 2015

SandRidge Energy, Inc. reported unaudited consolidated earnings and operational results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported total revenues of $346,881,000 compared to $465,108,000 a year ago. Income from operations was $373,984,000 compared to $122,261,000 a year ago. Income before income taxes was $313,895,000 compared to $71,763,000 a year ago. Net income available to the company was $265,177,000 or $0.48 per diluted share compared to loss available to the company common stockholders of $43,362,000 or $0.06 per basic and diluted share a year ago. Adjusted operating cash flow was $203 million compared to $243 million in fourth quarter 2013. Adjusted net income was $44.1 million, or $0.08 per diluted share compared to $39.2 million, or $0.07 per diluted share, in fourth quarter 2013. Adjusted EBITDA, pro forma for divestitures and net of noncontrolling interest, was $224 million compared to $190 million in the fourth quarter of 2013, 18% year-over-year growth. EBITDA was $450,218,000 compared to $261,799,000 a year ago. For the year, the company reported total revenues of $1,558,758,000 compared to $1,983,388,000 a year ago. Income from operations was $590,224,000 compared to loss from operations of $169,001,000 a year ago. Income before income taxes was $349,605,000 compared to loss before income taxes of $508,795,000 a year ago. Net income available to the company was $253,285,000 or $0.42 per basic and diluted share compared to net loss available to the company of $553,889,000 or $1.27 per basic and diluted share a year ago. Adjusted operating cash flow was $712 million compared to $812 million in 2013. Adjusted net income was $149.9 million, or $0.26 per diluted share compared to $103.9 million, or $0.18 per diluted share, in 2013. Adjusted EBITDA, pro forma for divestitures and net of noncontrolling interest, was $820 million compared to $609 million in 2013, 35% year-over-year growth. EBITDA was $998,727,000 compared to $393,031,000 a year ago. Net cash provided by operating activities was $621,114,000 compared to $868,630,000 a year ago. Capital expenditures for property, plant and equipment were $1,553,332,000 compared to $1,496,731,000 a year ago. For the quarter, the company reported oil production of 2,949 MBbl, NGL of 1,294 MBbl, natural gas of 23,362 MMcf, oil equivalent of 8,137 MBoe and daily production of 88.4 MBoed compared with oil production of 3,377 MBbl, NGL of 683 MBbl, natural gas of 24,891 MMcf, oil equivalent of 8,209 MBoe and daily production of 89.2 MBoed for the same period last year. For the year, the company reported oil production of 10,876 MBbl, NGL of 3,794 MBbl, natural gas of 85,697 MMcf, oil equivalent of 28,953 MBoe and daily production of 79.3 MBoed compared with oil production of 14,279 MBbl, NGL of 2,291 MBbl, natural gas of 103,233 MMcf, oil equivalent of 33,776 MBoe and daily production of 92.5 MBoed for the same period last year. The company recorded asset impairment of $24,802,000 for the fourth quarter ended December 31, 2014 compared to the $9,950,000 for the same quarter year ago. The company is initiating 2015 guidance of total production of 28.0 MMBoe to 30.5 MMBoe, or 6% organic growth at the midpoint, and capital expenditures of $700 million. The company plans to spend approximately $400 million on Mid-Continent focus area drilling and approximately $30 million on appraisal drilling outside its focus acreage. The company began 2015 with 32 rigs and expects to reduce to 7 rigs by mid-year, drilling approximately 180 laterals in its focus area in 2015.

SandRidge Energy, Inc. Appoints Steve Turk as Executive Vice President and Chief Operating Officer, Effective March 2, 2015

SandRidge Energy, Inc. announced the appointment of Steve Turk to the role of Executive Vice President and Chief Operating Officer, effective March 2, 2015. Mr. Turk comes to SandRidge with more than 30 years of experience in the exploration and production industry, at both private and publicly held companies, including having most recently served as Chief Operating Officer at HighMount Exploration & Production LLC.

SandRidge Energy, Inc. Announces Board Changes

SandRidge Energy, Inc. announced the appointment of J. Mike Stice to the board of directors. Mr. Stice most recently as the Chief Executive Officer of Access Midstream Partners, L.P. from July 2010 until its merger with Williams Partners L.P. in December 2014. Separately, the board announced that Mr. Roy T. Oliver, a board member since his appointment in 2006, has notified the board of directors of his intention to resign effective February 28, 2015.

 

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