Tags: SandRidge | Buyer | Permian | Basin

SandRidge Finds Buyer for Permian Basin Assets

Wednesday, 19 Dec 2012 04:34 PM

SandRidge Energy Inc. said it will sell its Permian Basin properties in Texas to privately held oil and gas company Sheridan Production Partners for $2.6 billion.

Last month, SandRidge had said it was exploring the sale of these assets.

"This (cash from sale) will also allow us to fund development of our acreage position as well as future opportunities in the highly scalable, high return Mississippian Play," the Oklahoma City-based company said in a statement.

© 2017 Thomson/Reuters. All rights reserved.

 
1Like our page
2Share
Companies
SandRidge Energy Inc. said it will sell its Permian Basin properties in Texas to privately held oil and gas company Sheridan Production Partners for $2.6 billion.
SandRidge,Buyer,Permian,Basin
75
2012-34-19
Wednesday, 19 Dec 2012 04:34 PM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved