SandRidge Energy closes $11.25 million acquisition in northwest STACK
(WO) – SandRidge Energy, Inc. announced the closing of an acquisition which increases its interest in 26 producing wells within the Northwest Stack play for approximately $11.25 million.
Average net production associated with the acquired interests for the first quarter of 2023 was approximately 500 boed (~30% oil). The low decline profile and oilier content associated with these properties and interests will further strengthen the company's commodity price realizations, operating margins and cash flow.
SandRidge Energy, Inc. is an independent oil and gas company engaged in the development and acquisition of oil and gas properties. Its primary area of operations is the Mid-Continent region in Oklahoma and Kansas.