SandRidge Energy up 6% After JV Announcement
SandRidge Energy (NYSE: SD) is up 6 percent in pre-market trading. The company announced yesterday that it has entered into a joint venture with a subsidiary of Repsol YPF.
According to the press release, "SandRidge will sell an approximate 25% non-operated working interest, or 250,000 net acres, in the Extension Mississippian play located in Western Kansas and an approximate 16% non-operated working interest, or 113,636 net acres, in its Original Mississippian play."
SandRidge Energy is currently trading at $8.73 pre-market, down $0.52 or 6.33%.
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