SandRidge Energy, Inc. (NYSE:SD) has announced the pricing for a public offering of 24 million shares of common stock at $8.85 per share. 2,000,000 of the common shares are being offered by SandRidge Chairman, Chief Executive Officer, and President Tom Ward. Underwriters of the offering have been offered a 30 day option to purchase up to 3,600,00 additional shares of the common stock.
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Headquartered in Oklahoma City, Oklahoma, SandRidge Energy is a natural gas and crude oil company with a primary focus on exploration and production. Its subsidiaries own and operate gas gathering a processing facilities as well as CO2 treating and transportation facilities to conduct marketing and tertiary oil recovery operations. SandRidge’s Lariat Services, Inc., owns and operates a drilling rig and oil field services business.
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