{"id":480922,"date":"2021-04-22T17:14:15","date_gmt":"2021-04-22T21:14:15","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/sandridge-energy-inc-announces-acquisition-of-overriding-royalty-interests\/"},"modified":"2021-04-22T17:14:15","modified_gmt":"2021-04-22T21:14:15","slug":"sandridge-energy-inc-announces-acquisition-of-overriding-royalty-interests","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/sandridge-energy-inc-announces-acquisition-of-overriding-royalty-interests\/","title":{"rendered":"SandRidge Energy, Inc. Announces Acquisition of Overriding Royalty Interests"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n OKLAHOMA CITY<\/span>, April 22, 2021<\/span> \/PRNewswire\/ —\u00a0SandRidge 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<\/span> (net $3.55 million<\/span>, 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. <\/p>\n

\n

\n
\n \"SandRidge
\n <\/a>\n <\/p>\n<\/p><\/div>\n

\n Carl Giesler<\/span>, President and CEO commented, “Buying in the ORRIs from SDT will add to our PDP reserves and improve our netbacks and cash flow in wells that we already operate for the most part. This Acquisition is a good example of the relatively low-capital, high-return, quick-payback, ‘small-ball’ investments that the Board and management are making to increase shareholder value realization from its asset base.” <\/p>\n

About SandRidge Energy, Inc.
SandRidge Energy, Inc. (NYSE: SD) is an independent oil and gas company engaged in the development and acquisition of oil and gas properties. Its primary area of operations\u00a0is the Mid-Continent region in Oklahoma<\/span> and Kansas.\u00a0 Further information can be found at www.sandridgeenergy.com<\/a>.<\/p>\n

For further information, please contact: <\/p>\n

Investor Relations
SandRidge Energy, Inc.
1 E. Sheridan Ave. Suite 500
Oklahoma City, OK<\/span> 73104
investors@sandridgeenergy.com<\/a><\/p>\n

<\/div>\n

\n \"Cision\" View original content to download multimedia:http:\/\/www.prnewswire.com\/news-releases\/sandridge-energy-inc-announces-acquisition-of-overriding-royalty-interests-301275467.html<\/a><\/p>\n

SOURCE SandRidge Energy, Inc.<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire OKLAHOMA CITY, April 22, 2021 \/PRNewswire\/ —\u00a0SandRidge 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 and CEO commented, “Buying in the ORRIs from SDT will add to our PDP reserves and improve our netbacks and cash flow in wells that we already operate for the most part. This Acquisition is a good example … <\/p>\n

Continue reading “SandRidge Energy, Inc. Announces Acquisition of Overriding Royalty Interests”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-480922","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSandRidge Energy, Inc. Announces Acquisition of Overriding Royalty Interests - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sandridge-energy-inc-announces-acquisition-of-overriding-royalty-interests\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SandRidge Energy, Inc. Announces Acquisition of Overriding Royalty Interests - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire OKLAHOMA CITY, April 22, 2021 \/PRNewswire\/ —\u00a0SandRidge 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 and CEO commented, “Buying in the ORRIs from SDT will add to our PDP reserves and improve our netbacks and cash flow in wells that we already operate for the most part. This Acquisition is a good example … Continue reading "SandRidge Energy, Inc. Announces Acquisition of Overriding Royalty Interests"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/sandridge-energy-inc-announces-acquisition-of-overriding-royalty-interests\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-22T21:14:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/95357\/sandridge_energy__inc__logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sandridge-energy-inc-announces-acquisition-of-overriding-royalty-interests\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sandridge-energy-inc-announces-acquisition-of-overriding-royalty-interests\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"SandRidge Energy, Inc. Announces Acquisition of Overriding Royalty Interests\",\"datePublished\":\"2021-04-22T21:14:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sandridge-energy-inc-announces-acquisition-of-overriding-royalty-interests\\\/\"},\"wordCount\":236,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sandridge-energy-inc-announces-acquisition-of-overriding-royalty-interests\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/95357\\\/sandridge_energy__inc__logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sandridge-energy-inc-announces-acquisition-of-overriding-royalty-interests\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sandridge-energy-inc-announces-acquisition-of-overriding-royalty-interests\\\/\",\"name\":\"SandRidge Energy, Inc. Announces Acquisition of Overriding Royalty Interests - Market Newsdesk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sandridge-energy-inc-announces-acquisition-of-overriding-royalty-interests\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sandridge-energy-inc-announces-acquisition-of-overriding-royalty-interests\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/95357\\\/sandridge_energy__inc__logo.jpg\",\"datePublished\":\"2021-04-22T21:14:15+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sandridge-energy-inc-announces-acquisition-of-overriding-royalty-interests\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sandridge-energy-inc-announces-acquisition-of-overriding-royalty-interests\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sandridge-energy-inc-announces-acquisition-of-overriding-royalty-interests\\\/#primaryimage\",\"url\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/95357\\\/sandridge_energy__inc__logo.jpg\",\"contentUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/95357\\\/sandridge_energy__inc__logo.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sandridge-energy-inc-announces-acquisition-of-overriding-royalty-interests\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"SandRidge Energy, Inc. Announces Acquisition of Overriding Royalty Interests\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\",\"name\":\"Market Newsdesk\",\"description\":\"Latest Business News in Real Time\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\",\"name\":\"Newsdesk\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"caption\":\"Newsdesk\"},\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/author\\\/newsdesk\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"SandRidge Energy, Inc. Announces Acquisition of Overriding Royalty Interests - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/sandridge-energy-inc-announces-acquisition-of-overriding-royalty-interests\/","og_locale":"en_US","og_type":"article","og_title":"SandRidge Energy, Inc. Announces Acquisition of Overriding Royalty Interests - Market Newsdesk","og_description":"PR Newswire OKLAHOMA CITY, April 22, 2021 \/PRNewswire\/ —\u00a0SandRidge 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 and CEO commented, “Buying in the ORRIs from SDT will add to our PDP reserves and improve our netbacks and cash flow in wells that we already operate for the most part. This Acquisition is a good example … Continue reading \"SandRidge Energy, Inc. Announces Acquisition of Overriding Royalty Interests\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/sandridge-energy-inc-announces-acquisition-of-overriding-royalty-interests\/","og_site_name":"Market Newsdesk","article_published_time":"2021-04-22T21:14:15+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/95357\/sandridge_energy__inc__logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sandridge-energy-inc-announces-acquisition-of-overriding-royalty-interests\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sandridge-energy-inc-announces-acquisition-of-overriding-royalty-interests\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"SandRidge Energy, Inc. Announces Acquisition of Overriding Royalty Interests","datePublished":"2021-04-22T21:14:15+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sandridge-energy-inc-announces-acquisition-of-overriding-royalty-interests\/"},"wordCount":236,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sandridge-energy-inc-announces-acquisition-of-overriding-royalty-interests\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/95357\/sandridge_energy__inc__logo.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sandridge-energy-inc-announces-acquisition-of-overriding-royalty-interests\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/sandridge-energy-inc-announces-acquisition-of-overriding-royalty-interests\/","name":"SandRidge Energy, Inc. Announces Acquisition of Overriding Royalty Interests - Market Newsdesk","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sandridge-energy-inc-announces-acquisition-of-overriding-royalty-interests\/#primaryimage"},"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sandridge-energy-inc-announces-acquisition-of-overriding-royalty-interests\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/95357\/sandridge_energy__inc__logo.jpg","datePublished":"2021-04-22T21:14:15+00:00","author":{"@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"breadcrumb":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sandridge-energy-inc-announces-acquisition-of-overriding-royalty-interests\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.marketnewsdesk.com\/index.php\/sandridge-energy-inc-announces-acquisition-of-overriding-royalty-interests\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sandridge-energy-inc-announces-acquisition-of-overriding-royalty-interests\/#primaryimage","url":"https:\/\/mma.prnewswire.com\/media\/95357\/sandridge_energy__inc__logo.jpg","contentUrl":"https:\/\/mma.prnewswire.com\/media\/95357\/sandridge_energy__inc__logo.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sandridge-energy-inc-announces-acquisition-of-overriding-royalty-interests\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.marketnewsdesk.com\/"},{"@type":"ListItem","position":2,"name":"SandRidge Energy, Inc. Announces Acquisition of Overriding Royalty Interests"}]},{"@type":"WebSite","@id":"https:\/\/www.marketnewsdesk.com\/#website","url":"https:\/\/www.marketnewsdesk.com\/","name":"Market Newsdesk","description":"Latest Business News in Real Time","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.marketnewsdesk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979","name":"Newsdesk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","caption":"Newsdesk"},"url":"https:\/\/www.marketnewsdesk.com\/index.php\/author\/newsdesk\/"}]}},"_links":{"self":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/480922","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/comments?post=480922"}],"version-history":[{"count":0,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/480922\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/media?parent=480922"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/categories?post=480922"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/tags?post=480922"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}