SandRidge Expands Cherokee Play Presence With Asset Purchase

Impact · against what's priced in

SandRidge Energy (SD) is expanding its Cherokee Play footprint with a $65 million all-cash acquisition. The addition of 3,000 BOE/day and 7,000 net leasehold acres provides a tangible boost to production and revenue without increasing leverage.

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In context

The acquisition of 21 producing wells and 8 development locations adds 3,000 BOE/day to production, financed entirely through cash reserves.

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• m and a
• oil
• energy
• SD
• acquisition
• cherokee play
• microcap
• production growth

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