SandRidge Energy, Inc.

SandRidge Energy, Inc.

SandRidge Energy, Inc.

Overview
Date Founded

2006

Headquarters

123 Robert South Kerr Avenue, Oklahoma City, OK, 73102, USA

Type of Company

Public

Employees (Worldwide)

310

Industries

Oil & Gas
Power & Utilities

Company Description

SandRidge Energy focuses on drilling low-risk, conventional, high rate-of-return oil wells in shallow carbonate reservoirs. Based in Oklahoma City, SandRidge Energy is the primary developer of the Mississippian Oil Play, with valuable assets in the Gulf of Mexico. Our focus extends beyond energy production and into our communities, where we dedicate our time, talents and resources to the places we call home.

Contact Data
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Executives & Employees

President, Chief Executive & Operating Officer

Senior Vice President, Chief Financial Officer & Chief Accounting Officer

Senior Vice President-Development

Senior Vice President-Corporate Reservoir Engineering

Owner

Co Owner

Partner

Head of Infrastructure

Controller Services

Auditor

Board of Directors

Managing Director at Icahn Enterprises LP

Managing Director at Icahn Enterprises LP

President & Chief Executive Officer at Nevada Strategic Credit Investments LLC

Former Chairman, President, Chief Executive Officer & Secretary at National Energy Group, Inc.

Former Executive Vice President-Refining & Chemicals at El Paso Interim Corp.

Director & President at Terra Mississippi Nitrogen, Inc.

Paths to SandRidge Energy, Inc.
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SandRidge Energy, Inc.
Owners & Shareholders
Details Hidden

Cannell Capital employs fundamental, bottom-up research to make investment decisions. In general, the firm utilizes a strategy that focuses on investing long/short in the equities publicly traded, generally small-cap located primarily in North America. Cannell Capital is an activist firm and is included in the SharkWatch50 as one the 50 most prominent activist investors.

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PenderFund Capital Management Ltd. is a Canadian private company located in Vancouver, BC, with a presence in Canada. The firm provides investment advice. It was founded in 2002 by John Kelly Edmison. David Allan Barr has been the CEO since 2007. PenderFund Capital Management Ltd. owns a significant share in good natured Products, Inc. (26.51 %).The company says this about itself: Pender was founded in 2003 and is an independent, employee-owned investment firm located in Vancouver, British Columbia. Our goal is to protect and grow wealth for our investors over time. To achieve this, we seek to understand the quality of a business or security, obtain more value than we are paying for, deploy capital in flexible mandates and mitigate downside risk. We have a talented investment team of expert analysts, security selectors and independent thinkers. They manage a suite of niche investment funds with active, concentrated portfolios of value-based, occasionally contrarian, investments.

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New Generation Advisors manages funds that invest in distressed securities including defaulted debt, certain high yield debt and equity securities of troubled companies. The portfolios hold a mix of long and short positions in distressed securities.

Recent Transactions
Details Hidden

SandRidge Energy, Inc. purchases Northwest Stack Play

Details Hidden

SandRidge Energy, Inc. purchases Atinum Midcon I LLC /Oil & Gas Assets from Atinum Investment Co., Ltd.

Details Hidden

SandRidge Energy, Inc. purchases EE3 LLC /Niobrara Shale

Transaction Advisors
Legal Advisor

Advised onSandRidge Energy, Inc. purchases Arena Resources, Inc.

Investment Advisor

Advised onSandRidge Energy, Inc. purchases Arena Resources, Inc.

Underwriter

Advised onSandRidge Energy, Inc. issued Common Stock

Legal Advisor

Advised onSandRidge Energy, Inc. purchases Arena Resources, Inc.

Legal Advisor

Advised onSandRidge Energy, Inc. purchases Arena Resources, Inc.

Chairman, Corporate Practice

Advised onSandRidge Energy, Inc. purchases Arena Resources, Inc.

Advisors & Consultants
Publicist

Co-Founder at MacKenzie Partners, Inc.

Legal Advisor

Partner at Davis Polk & Wardwell LLP

Legal Advisor

Partner at Davis Polk & Wardwell LLP

Clients

Plains All American Pipeline, L.P. is a publicly traded master limited partnership (“MLP”) engaged in the transportation, storage, terminalling and marketing of crude oil, refined products and liquefied petroleum gas and other natural gas related petroleum products (together "NGL"). Through our general partner interest and majority equity ownership position in PAA Natural Gas Storage, L.P. (NYSE: PNG), we are also engaged in the development and operation of natural gas storage facilities. We own and operate a diversified portfolio of strategically located assets that play a vital role in the movement of U.S. and Canadian energy supplies. On average we handle over 3 million barrels per day of crude oil, refined products and NGL through our extensive network of assets located in key North American producing basins and transportation gateways. As an MLP, we make quarterly distributions of our available cash to our Unitholders. Since our initial public offering in 1998, we have increased our quarterly distribution by 150% to its current level (with February 2013 distribution) of $0.56250 per unit, or $2.25 per unit on an annualized basis. It is our goal to increase our distribution to Unitholders over time through a combination of internal and acquisition-oriented growth. Our common units are traded on the New York Stock Exchange under the symbol "PAA." We are headquartered in Houston, Texas

Targa Resources Corp. provides midstream natural gas and natural gas liquids services. It also provides gathering, storing, and terminaling crude oil and storing, terminaling, and selling refined petroleum products. It operates through the following business segments: Gathering and Processing, and Logistics and Marketing. The Gathering and Processing segment includes assets used in the gathering of natural gas produced from oil and gas wells and processing this raw natural gas into merchantable natural gas by extracting NGLs and removing impurities; and assets used for crude oil gathering and terminaling. The Logistics and Marketing segment includes all the activities necessary to convert mixed NGLs into NGL products and provides certain value added services such as storing, fractionating, terminaling, transporting and marketing of NGLs and NGL products, including services to LPG exporters; storing and terminaling of refined petroleum products and crude oil and certain natural gas supply and marketing activities in support of its other businesses. The company was founded on October 27, 2005 and is headquartered in Houston, TX.

SandRidge Permian Trust is a statutory trust, which engages in acquiring and holding royalty interests in specified oil and natural gas properties. The company was founded on May 12, 2011 and is headquartered in Houston, TX.

Key Stats and Financials As of 2018
Market Capitalization
$91.2M
Total Enterprise Value
$247M
Earnings Per Share
$-0.26
Revenue
$349M
Debt TEV
0x
EBITDAMargin
52.02%
Net Profit
$-9.07M
Total Equity
$848M
EBITDA
$182M
Total Debt
$0
Enterprise Value Sales
0.71x
Enterprise Value EBITDAOperating
1.36x
TEVNet Income
-27.23x
Five Year Compounded Annual Growth Rate Of Revenue
-29.34%
Three Year Compounded Annual Growth Rate Of Revenue
-23.11%
Non-Profit Donations & Grants
$5,000 - $10K
2013
$5,000 - $10K
2012
$5,000 - $10K
2011
Investors
Details Hidden

Ares Private Equity Group focuses on investment strategies as corporate private equity, special situations and U.S. power and energy infrastructure. The firm manages three dedicated investment teams in North America, Europe and China. They invest opportunistically across a broad spectrum of distressed or mispriced investments, including corporate debt, rescue capital, private asset-backed investments, post-reorganization securities and non-performing portfolios.Ares Private Equity Group makes majority, minority and shared-control investments, mainly in under-capitalized middle-market companies. The firm's target investment characteristics are: leading market share and brand awareness, entrenched position with customers, low-cost operations relative to industry peers, strong return on net assets, experienced management team with meaningful equity ownership and a focus on growth, demonstrated ability to withstand economic downturns and strong EBITDA to free cash flow conversion. The firm provides financing for leveraged control buyouts, growth equity, rescue/de-leveraging capital and distressed buyouts/discounted debt accumulation capital requirements. The firm's investment size ranges from $25 to $75 million in businesses predominately located or operating in Greater China (mainland China, Hong Kong, Macau, and Taiwan).

Suppliers
Forbes Energy Services Ltd. Oil & Gas | Alice, TX

Forbes Energy Services Ltd. provides drilling-related and production-related services to oil and natural gas companies. It operates through the Well Servicing, Coiled Tubing and Fluid Logistics segments. The Well Servicing segment provides well maintenance services, including remedial repairs and removal and replacement of downhole production equipment; well workovers, including downhole repairs, re-completions and re-perforations; completion and swabbing activities; plugging and abandoning services; and testing of oil and natural gas production tubing. The Coiled Tubing segment provide a range of services accomplishing a wide variety of goals including horizontal completions, well bore clean-outs and maintenance, nitrogen services, thru-tubing services, formation stimulation using acid and other chemicals, and other pre- and post-hydraulic fracturing well preparation services. The Fluid Logistics segment utilizes its fleet of owned and leased fluid transport truck and related assets to provide, transport, store, and dispose of a variety of drilling and produced fluids. The company was founded by John E. Crisp, Janet L. Forbes and Charles C. Forbes, Jr. in September 2003 and is headquartered in Alice, TX.

Cawley, Gillespie & Associates, Inc. Oil & Gas | Houston, TX

Cawley, Gillespie & Associates, Inc. is a private company headquartered in Houston, TX. The firm provides petroleum consulting services.

Ryder Scott Co. LP Other Business & Consulting Services | Houston, TX

Ryder Scott Co. LP is a private company headquartered in Houston, TX, involved in business consulting services,.

Competitors
Cimarex Energy Co. Oil & Gas - DENVER, CO

Cimarex Energy, Co. (NYSE, XEC) is a Denver-based independent oil and gas exploration and production company with principal operations in the Mid-Continent and Permian Basin areas of the U.S. Our business approach is centered on increasing shareholder value through consistent profitable growth in proved reserves and production through our drilling program and optimizing production rates. Year-end 2011 proved reserves totaled 2.05 trillion cubic feet equivalent (59% natural gas and 82% developed). Our approach is focused on drill-bit driven growth in production and reserves utilizing risked rate of return economics to evaluate projects. We rely heavily on our organization of geoscientists to generate our drilling prospects. We have decentralized exploration teams who are experts in their regions. A cornerstone to our approach is detailed evaluation of each drilling decision based on its risk-adjusted discounted cash flow rate of return on investment. Our analysis includes estimates and assessments of potential reserve size, geologic and mechanical risks, expected costs and future production profiles. We also believe it is important to maintain a strong financial position and conservative capital structure in order to maintain drilling activity through all price cycles. We believe that this approach will create shareholder value through growth in per-share earnings, cash flow, reserves and production

HighPoint Resources Corporation Oil & Gas - Denver, CO

HighPoint Resources Corp. is an independent oil and gas company, engages in the exploration, development and production of oil, natural gas and natural gas liquids. The company was founded on November 28, 2017 and is headquartered in Denver, CO.

Abraxas Petroleum Corp. Oil & Gas - SAN ANTONIO, TX

Abraxas Petroleum Corp. engages in the acquisition, exploration, development, and production of crude oil and natural gas. It focuses primarily on the development of conventional and unconventional resources in its primary operating areas in the Rocky Mountains, South Texas, Powder River Basin and Permian Basin. The company was founded by Robert L.G. Watson in 1977 and is headquartered in San Antonio, TX.

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