SandRidge adds properties

 
BY JAY F. MARKS
Published: December 1, 2009

SandRidge Energy Inc. is stepping up its acquisition efforts after a failed bid to buy a bankrupt oil and gas company.

Oklahoma City -based SandRidge announced Monday it will pay $800 million to acquire properties in Texas ’ Permian Basin from Forest Oil Corp. The company will sell preferred and common stock to help finance the deal.

The bulk of the purchase price is attributable to proved reserves e...


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