sector: Energy ·
industry: Oil & Gas Exploration & Production ·
As of
25 Nov 2009
9.83USD
SandRidge Energy, Inc. is an independent natural gas and oil company concentrating on exploration, development and production activities. The Company is focused on the exploration and exploitation of its holdings in the West Texas Overthrust (WTO), a natural gas prone geological region. The Company owns related gas gathering and treating facilities, a gas marketing business and an oil field services business, including its drilling rig business, Lariat Services, Inc.
BRIEF: For the nine months ended 30 September 2009, SandRidge Energy Inc.'s revenues decreased 56% to $428M. Net loss applic. to Common totaled $1.35B vs. an income from $137.1M. Revenues reflect decreased income from natural gas & crude oil, lower income from Drilling & Oil Field service and a fall in Midstream Gas Services segments income. Net loss also reflects the presence of impairment expense and loss on sale of assets vs. a gain.
SandRidge Energy, Inc.
123 Robert S. Kerr Avenue
Oklahoma City OK 73102-6406
P: +1405.4295500
F: +1405.4295977