SandRidge Energy up 6% After JV Announcement

SandRidge Energy 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%.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: Pre-Market OutlookMovers
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!