Each one in plain English, with the numbers worked through for a shareholder.
29 June 2026material agreement▲ GoodMajor
SandRidge agreed to a second Cherokee-play bolt-on acquisition, buying producing assets from Rockies Resources Holdings for $65 million cash to expand the position it built with its 2024 Western Anadarko purchase.
SandRidge closed its $144 million Western Anadarko Basin acquisition and raised its full-year 2024 production and spending guidance to reflect the new assets.
SandRidge agreed to acquire Cherokee-play oil and gas assets in the Western Anadarko Basin for $144 million cash, its first major acquisition since emerging from bankruptcy, adding about 6,000 barrels of oil equivalent per day of production.
Now debt-free, SandRidge began returning cash to shareholders: a one-time $2.00-per-share dividend (about $74 million), a new $0.10 quarterly dividend, and a $75 million stock buyback program.
SandRidge finalized a swap intercreditor agreement with hedge counterparty J. Aron and Company and its Icahn-affiliated lender, putting the hedging-lien flexibility from July's amendment into effect.
SandRidge bought in the overriding royalty interests of SandRidge Mississippian Trust I as well, for $4.85 million gross, continuing its program of consolidating stakes in the legacy royalty trusts it partly owns.
SandRidge agreed to sell its North Park Basin assets in Colorado to Gondola Resources for $47 million, shedding a non-core area to focus on its Mid-Continent core and cash-optimization strategy.
SandRidge replaced its bank-led credit facility with a new $30 million facility from affiliates of Icahn Enterprises, its activist-turned-supportive major shareholder, extending its liquidity runway.
SandRidge closed the sale of its headquarters office tower for $35.4 million net, proceeds the company said should resolve doubts about its ability to continue as a going concern.
SandRidge agreed to sell its 30-story Oklahoma City headquarters office tower for $35.5 million, monetizing a non-core real estate asset amid the COVID-19 oil price crash.
SandRidge amended and restated its credit facility again, extending the maturity to 2021 while shrinking the facility to a $300 million borrowing base as its asset base contracted.
23 Jan 2018security holder rights change▼ BadMajor
Amid an activist campaign by Carl Icahn seeking board seats and governance changes, SandRidge's board rejected his specific proposals but raised the trigger threshold on its shareholder rights plan (poison pill) from 10% to 15%.
SandRidge and Bonanza Creek mutually terminated their merger agreement after SandRidge's largest shareholders made clear they would vote it down, with SandRidge paying Bonanza Creek $3.7 million in expense reimbursement.
SandRidge filed its SEC registration statement and joint proxy statement for the Bonanza Creek merger, including third-party reserve reports and fairness opinions supporting the deal.
SandRidge agreed to acquire Bonanza Creek Energy for $36.00 per share in cash and stock, a deal that would add 67,000 net acres in Colorado's DJ Basin to its Mid-Continent portfolio.
Now post-bankruptcy, SandRidge refinanced into a new $600 million credit facility with better pricing and looser covenants - a refinancing that also triggered mandatory conversion of its remaining $264 million of convertible notes into about 14.1 million shares.