SandRidge Energy Company Description
This sand ridge reveals not a desert but a vista of future profits. SandRidge Energy explores for and produces oil and natural gas, mainly in West Texas. The company also owns and operates 32 drilling rigs and a related oilfield services business. In addition it operates gas gathering, marketing, and processing subsidiaries. Its PetroSource subsidiary operates CO2-treating and transportation facilities and has tertiary oil recovery operations. SandRidge Energy also has oil and gas acreage in Oklahoma's Anadarko and Arkoma Basins, and in Colorado's Piceance Basin. It has estimated net proved reserves of 1.5 trillion cubic ft. equivalent. CEO Tom Ward holds 24% of the company.
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The Company Description provides a historical perspective of SandRidge Energy's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of SandRidge Energy's evolution in the marketplace.
