SandRidge Energy to sell Permian assets for $2.6 billion

SandRidge Energy Inc. is selling most of its holdings in the Permian Basin for $2.6 billion.

BY JAY F. MARKS Published: December 20, 2012
Advertisement
;

SandRidge Energy Inc. has inked a deal to sell the bulk of its holdings in west Texas’ oil-rich Permian Basin for $2.6 billion, the company announced Wednesday.

SandRidge amassed its...

Oklahoman subscribers have access to this article. Unlock it below.

What is this? Learn more.

NewsOK.com has disabled the comments for this article.
Advertisement


Also ...

Second lawsuit filed in a month

A Florida man filed a securities lawsuit Wednesday against SandRidge Energy Inc.’s board of directors, accusing the Oklahoma City oil company’s leaders of engaging in reckless business practices.

SandRidge shareholder Arthur I. Levine accuses the directors of approving transactions that benefitted them, not the company.

Levine’s 30-page lawsuit echoes many of the complaints leveled by investment firm TPG-Axon Capital, one of SandRidge’s largest shareholders.

It is the second such lawsuit involving SandRidge filed this month in federal court in Oklahoma City.

Trending Now



AROUND THE WEB

  1. 1
    Glen Campbell Moved to Health Care Facility
  2. 2
    Why the U.S. government is 'trolling' terrorists on social media - CNN.com
  3. 3
    Tulsa World: Frank Haith named Tulsa's new men's basketball coach
  4. 4
    Transgender Icon Claims She Was Banned From Facebook For Using 'Tranny' And 'Shemale'
  5. 5
    Actor Ken Jeong picks Kendrick Perkins for his biopic
+ show more