SandRidge adds offshore assets

A SandRidge Energy Inc. subsidiary has added about $50 million in assets along the Gulf Coast.
by Jay F. Marks Published: June 23, 2012
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In brief

SandRidge

adds asset

SandRidge Energy Inc.'s newest subsidiary has completed a $50 million acquisition of Gulf Coast assets.

SandRidge announced Friday that subsidiary Dynamic Offshore Resources LLC has acquired 74 active wells and about 185,000 gross acres along the Gulf Coast from south Texas to eastern Louisiana. The acreage currently produces about 3,000 barrels of oil a day.

Dynamic bought the offshore assets from Hunt Oil Co. and two affiliates.

SandRidge acquired Houston-based Dynamic in April in a $1.2 billion deal meant to boost the company's oil production.

JAY F. MARKS,

BUSINESS WRITER


by Jay F. Marks
Energy Reporter
Jay F. Marks has been covering Oklahoma news since graduating from Oklahoma State University in 1996. He worked in Sulphur and Enid before joining The Oklahoman in 2005. Marks has been covering the energy industry since 2009.
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