SandRidge Energy Sells North Park Basin Assets in Colorado

Updated 7 months 1 week ago

SandRidge Energy entered into a definitive agreement in December 2020 for the sale of its North Park Basin assets for $47 million in cash. These assets represent less than 10% of production and reserves. Closing is expected during the first quarter of 2021, and Jeffries served as an advisor to the company.

Carl Giesler, SandRidge President & CEO

We believe this transaction significantly enhances shareholder value. It monetizes an asset the value of which, we believe, has not been adequately reflected in our stock price and which had become increasingly non-core with the Company's shift to a cash optimization-focused strategy.