SD - Mergers and acquisitions

OKLAHOMA CITY, May 11, 2021 /PRNewswire/ -- SandRidge Energy, Inc. (the "Company" or "SandRidge") (NYSE:SD) today announced financial and operational results for the quarter ended March 31, 2021. Results and highlights during the quarter: Improved net cash1 by $48.2 million to a net cash position of $56.5 million compared to a net cash position of $8.3 million at the end of the prior quarter, the increase was primarily due to the sale of North Park Basin Adjusted EBITDA2 was $21.7 million compared to $9.1 million in the prior quarter, primarily due to commodity price increas

OKLAHOMA CITY, April 22, 2021 /PRNewswire/ -- SandRidge Energy, Inc. (NYSE:SD) (the "Company") today announced the acquisition of all the overriding royalty interest assets of SandRidge Mississippian Trust I (the "Trust"). The gross purchase price is $4.85 million (net $3.55 million, given the Company's 26.9% ownership of the Trust) ("the Acquisition"). At the current strip and based on historical production trends, the Company believes the Acquisition represents an attractive price-to-value, approximating PDP PV-55 and a 2-year cash-on-cash payback. Carl Giesler, President a