OKLAHOMA CITY, Sept. 3, 2024 /PRNewswire/ -- SandRidge Energy, Inc. (the "Company" or "SandRidge") (NYSE:SD) today announced the closing of its previously announced acquisition of certain producing assets and leasehold interests in the Cherokee play of the Western Anadarko Basin for $144 million, before customary purchase price adjustments. The Company funded the transaction with cash on hand. SandRidge also provided updated guidance for the full-year 2024, incorporating contributions from the new producing assets and joint development program, and made available an investor presentation regarding the acquisition on its website at investors.sandridgeenergy.com.
Full-Year 2024 Guidance Update
Presented in the table below is the Company's updated operational and capital expenditure guidance for 2024(1):
Prior 2024E Guidance(2)
Updated 2024E Guidance(3)
Production
Oil (MMBbls)
0.7 - 0.9
0.8 – 1.1
Natural Gas Liquids (MMBbls)
1.3 - 1.7
1.6 – 1.9
Total Liquids (MMBbls)
2.0 - 2.6
2.4 – 3.0
Natural Gas (Bcf)
16.2 - 19.8
17.7 – 20.5
Total Production (MMBoe)
4.7 - 5.9
