Russell 2000 Component
|Founder||Tom L. Ward|
Oklahoma City, Oklahoma
| William Griffin,
Michael Johnson, CFO
John V. Genova, Chairman
|37.8 thousand barrels of oil equivalent (231,000 GJ) per day (2017)|
|Revenue||$0.357 billion (2017)|
|$0.047 billion (2017)|
|Total assets||$1.119 billion (2017)|
|Total equity||$0.839 billion (2017)|
Number of employees
|Footnotes / references|
SandRidge was founded in 2006 by Tom L. Ward upon the acquisition 46% of Riata Energy from Malone Mitchell III for $500 million. Ward previously co-founded Chesapeake Energy with Aubrey McClendon and was the chief operating officer of that company from 1989 until 1996. 
In 2008, the company's stock price hits the all-time high of $68 a share. 
In April 2012, the company acquired Dynamic Offshore Resources, LLC for $680 million in cash and approximately 74 million shares of stock. 
In October 2015, the company acquired Pinon Gathering Company, owner of 370 miles of gathering lines. 
On January 6, 2016, the NYSE delists the company as it hit a share value of 15 cents. 
On January 21, 2016, the company settled a dispute with Occidental Petroleum over a 30-year carbon dioxide gas treatment agreement. To exit the agreement, the company transferred all of the exploration and production midstream assets in the Pinon Field to Occidental Petroleum along with $11 million in cash. 
On October 4, 2016, the company emerged from bankruptcy reorganization, reducing debt by $3.7 billion. NYSE relists the company under the "SD" symbol. 
On November 15, 2017, the company announced it would buy rival Bonanza Creek for $746 Million. 
On December 28, 2017, the company announced that they would not continue with the purchase of Bonanza Creek, as investors, led by Carl Icahn, had protested the acquisition. SandRidge agreed to reimburse Bonanza Creek $3.7 million for transaction-related expenses. 
In February 2018, Midstates Petroleum Inc. disclosed an offer to take over Sandridge, which was rejected by the board. 
On February 8, 2018, the company announced that CEO James Bennett was fired without cause, and would be exiting with a severance package valued at $26.5 million. The company also announced that CFO Julian Bott would leave after the firm's 2017 annual report is filed.  
Earthquakes, due to induced seismicity produced by injected wastes, had also substantially reduced in frequency and intensity, due to a Kansas Corporation Commission order mandating cutbacks in injection well volumes and pressures. SandRidge, which along with Chesapeake Energy was one of the two major producers in Southcentral Kansas, appealed the order.  
In in first quarter of 2018, the company produced 35.6 thousand barrels of oil equivalent (218,000 GJ) per day.  SandRidge owns oil properties in the Mid-Continent, which accounts for 93% of production. It also owns properties in the Permian Basin, West Texas and in the Niobrara Formation of Colorado. 
The company has formed 3 public royalty trusts:
- Sandridge Permian Trust ( NYSE: PER) - owner of royalty interests in oil and natural gas properties in the Central Basin Platform of the Permian Basin in Andrews County, Texas.
- SandRidge Mississippian Trust I ( NYSE: SDT) - owner of royalty interests in oil and natural gas properties in the Mississippian formation in Alfalfa, Garfield, Grant and Woods counties in Oklahoma.
- SandRidge Mississippian Trust II ( NYSE: SDR) - owner of royalty interests in oil and natural gas properties in the Mississippian formation in Alfalfa, Grant, Kay, Noble and Woods counties in northern Oklahoma and Barber, Comanche, Harper and Sumner counties in southern Kansas.
- "SandRidge Energy, Inc. 2017 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
- Finger, Richard (February 11, 2013). "Tom Ward Of SandRidge Energy: Another CEO That's Got To Go". Forbes.
- "SandRidge Energy, Inc. Prices Initial Public Offering" (Press release). PR Newswire. November 5, 2007.
- Wilmoth, Adam (6 January 2016). "NYSE delists SandRidge stock after price hits 15 cents a share". The Oklahoman. Archived from the original on 6 June 2017. Retrieved 22 April 2018.
- "SandRidge Energy, Inc. Announces Closing of Acquisition of Dynamic Offshore Resources, LLC and Closing of $750 Million Offering of Senior Notes" (Press release). PR Newswire. April 17, 2012.
- "SandRidge Energy Board Ousts Founder Tom Ward". CNBC. June 19, 2013. Archived from the original on 14 October 2017. Retrieved 22 April 2018.
- Polson, Jim; Wethe, David (7 January 2014). "SandRidge to Sell Gulf of Mexico Business for $750 Million". Bloomberg L.P.
- "SandRidge Energy, Inc. Announces Acquisition of Pinon Gathering Company, LLC" (Press release). PR Newswire. 5 October 2015.
- "SandRidge Energy, Inc. Acquires North Park Basin Niobrara Shale Oil Assets for $190 Million in Cash" (Press release). PR Newswire. 4 November 2015. Archived from the original on 14 October 2017. Retrieved 21 April 2018.
- Passut, Charlie (27 Jan 2016). "SandRidge Settles CO2 Contract Dispute With Occidental". Shale Daily. Natural Gas Intelligence. Archived from the original on 8 June 2016. Retrieved 29 July 2016.
- Wilmoth, Adam (4 October 2016). "SandRidge Energy emerges from bankruptcy". The Oklahoman. Archived from the original on 20 May 2017. Retrieved 21 April 2018.
- Benny, John; Paul, Anirban (15 November 2017). "SandRidge Energy to buy Bonanza Creek in $746 million deal". Reuters. Archived from the original on 20 April 2018. Retrieved 24 April 2018.
- Svaldi, Also (28 December 2017). "Denver-based Bonanza Creek Energy left standing at the altar". Denver Post. Archived from the original on 20 April 2018. Retrieved 25 April 2018.
- Wilmoth, Adam (5 April 2018). "Icahn to nominate directors to SandRidge board". Archived from the original on 8 April 2018. Retrieved 8 April 2018.
- Wilmoth, Adam (8 February 2018). "Embattled SandRidge Energy CEO is out". Archived from the original on 9 February 2018. Retrieved 21 April 2018.
- Wilmoth, Adam (9 February 2018). "Former SandRidge CEO to receive $26.6 million in dismissal". Archived from the original on 21 April 2018. Retrieved 21 April 2018.
- Fracking divides small town of Anthony, Kansas, University Daily Kansan, Rebecca Dowd, Jul 12, 2015. Retrieved 26 March 2017.
- Increasing Number Of Earthquakes Prompts New Regulations In Kansas, Oklahoma Oil Industries, KMUW, Abigail Beckman, January 11, 2016. Retrieved 26 March 2017.
- Wilmoth, Adam (8 May 2018). "Production decline, layoffs contribute to Oklahoma City-based SandRidge's $41 million loss". The Oklahoman. Archived from the original on 9 May 2018. Retrieved 13 July 2018.