News & Events zu SandRidge Energy Inc (SD)SDSandRidge Energy Inc

SandRidge Energy Acquires Cherokee Assets for $65M

SandRidge Energy announced the entry into a definitive agreement to acquire certain producing assets and leasehold interests in the Cherokee Play in the Mid-Continent region for cash consideration of $65M, before customary purchase price adjustments and potential post-closing adjustments. Acquisition Highlights: Acquisition assets located within the Mid-Continent region, directly offsetting SandRidge's current drilling operations and leasing program. Net production of 3.0 MBoed (43% oil) and 7,000 net leasehold acres provide additional inventory and expand efficient operations in the area. Includes interests in 21 wells and eight proven development locations. Immediately accretive to key metrics, including production, EBITDA and free cash flow. Oily PDP production and new development are projected to further increase SandRidge's liquids mix on a pro forma basis. May 1, 2026 effective date with anticipated closing in the third quarter 2026. SandRidge plans to fund the transaction with cash on hand.

SandRidge Reports Q1 Revenue of $49.78M

Reports Q1 revenue $49.78M vs. $42.6M last year. Production averaged 18.6 MBoe per day during Q1, an increase of 4% on a Boe basis versus the same period in 2025. Oil production increased 31% and total revenues increased 17% during the quarter versus the same period in 2025. CEO Grayson Pranin commented: "The SandRidge team delivered another strong quarter, to include bringing on two new operated wells which benefited oil production during the period. I'm proud of our team that continues to execute, while maintaining a low G&A burden, and more importantly, continues to build upon the company's record of more than four years without a recordable safety incident."

SandRidge Reports Q4 Revenue of $39.4M, Up 1% Year-over-Year

Reports Q4 revenue $39.4M vs. $38.97M last year. Production averaged 18.5 MBoe per day during the full year, an increase of 12% on a Boe basis and 32% on oil versus 2024. CEO Grayson Pranin commented: "2025 was a strong year for SandRidge with the initiation of a new operated development program in the Cherokee, seeing production rates climb to a multi-year high at an average of 19.5 Boe/d in Q4 of 2025 and setting a new safety record of over four years without a recordable safety incident. Promising initial results achieved in 2025 informed our decision to continue development activity in the Cherokee, as reflected in our 2026 guidance. While this program is attractive in a range of commodity environments, our team will continue to be diligent about prioritizing full cycle returns, monitoring reasonable reinvestment rates, and, when needed, exercise drill schedule flexibility to make prudent adjustments to our development plans in different economic environments. Most importantly, we'll strive to build upon our successes in 2025, to include continuing our safety records set in 2025 and further extending our development runway in 2026 and beyond."