Sandridge Energy Enters Definitive Agreement To Acquire Assets In The Western Anadarko Basin For $144M In Cash And Entry Into Joint Development Agreement Governing Its Participation In The Future Development Of Certain Of The Acquired Leasehold Interests.
Portfolio Pulse from Benzinga Newsdesk
SandRidge Energy (NYSE: SD) has entered a definitive agreement to acquire assets in the Western Anadarko Basin for $144 million. The acquisition includes 42 producing wells and 4 drilled uncompleted wells, with an expected increase in production, EBITDA, and free cash flow. The deal also involves a Joint Development Agreement for future development.
July 29, 2024 | 8:41 pm
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SandRidge Energy has entered a definitive agreement to acquire assets in the Western Anadarko Basin for $144 million. The acquisition is expected to be immediately accretive to key metrics, including production, EBITDA, and free cash flow.
The acquisition is expected to immediately boost SandRidge's production, EBITDA, and free cash flow, which are positive indicators for the company's financial health and stock price. The deal also includes a Joint Development Agreement, adding further growth potential.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100