in support of its exploration and production business. Midstream Services This segment primarily provides gathering, compression and treating services of natural gas in west Texas and coordinates the delivery of electricity to its exploration and production operations in the Mid-Continent area. The company’s midstream operations and assets serve its exploration, and production business, as well as other oil and natural gas companies. Marketing: Through Integra Energy, L.L.C., a wholly owned subsidiary, the company buys and sells natural gas from wells it operates and wells operated by third parties within its west Texas area of operations. The company generally buys and sells natural gas on simultaneous contracts using a portfolio of baseload and spot sales agreements. The company conducts thorough credit checks of all potential purchasers and minimizes its exposure by contracting with multiple parties each month. The company has 50,000 million British thermal units per day of firm transportation service subscribed on the Mid-Continent Express Pipeline through July 2019. Mid-Continent: The company has constructed an electrical transmission system in the Mid-Continent area to coordinate the delivery of electricity to its operations in the area. West Texas Gas Treating Plants: The company owns the Pike’s Peak gas treating plant and the Grey Ranch gas treating plant, both located in Pecos County, Texas. The company is party to a gas gathering agreement and an operations and maintenance agreement with Piñon Gathering Company, LLC related to the company’s properties located in the Piñon Field in west Texas. Business Strategy The key elements of the company’s strategy include concentrating in core operating area; mitigating commodity price risk; asset monetization; developing key infrastructure systems; focusing on reservoirs with known hydrocarbon production; maintaining flexibility; and pursuing opportunistic acquisitions. Divestiture Sale of Gulf of Mexico and Gulf Coast Properties: In 2014, the company sold certain of its subsidiaries that owned its Gulf of Mexico and Gulf Coast oil and natural gas properties (collectively, the Gulf Properties). Environmental Regulations The company generates wastes that are subject to the requirements of the Resource Conservation and Recovery Act, as amended and comparable state statutes. The company’s operations are subject to various federal and state laws and regulations, including the federal Occupational Safety and Health Act, as amended, and comparable state statutes, whose purpose is to protect the health and safety of workers.
sandridge energy inc (SD:New York)
123 Robert S. Kerr Avenue
Oklahoma City, OK 73102
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