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Tag Archives: SandRidge Energy

Oklahoma City energy company files for bankruptcy protection

OKLAHOMA CITY (AP) — An Oklahoma City-based oil-field services company has filed for Chapter 11 bankruptcy protection as it aims to eliminate more than $1 billion in debt. Seventy Seven Energy Inc. announced Tuesday that it filed for bankruptcy protection in federal court in Delaware. The company, which was spun off in 2014 from Chesapeake Energy Corp., says it expects ...

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Top Eagle Ford news stories: May 13-20

Eagle Ford news

Business troubles dominated headlines this week. Recap the top Eagle Ford news stories below. 5. Feds: Pipeline company failed to detect California oil spill LOS ANGELES (AP) — An oil pipeline company responsible for a massive oil spill on the California coast a year ago didn’t do enough to prevent corrosion and its operators didn’t detect and react to the ...

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SandRidge Energy files for bankruptcy with $4.1B in debt

Oklahoma City, Sandridge Energy

OKLAHOMA CITY (AP) — SandRidge Energy filed for bankruptcy protection Monday, saying it hopes to convert $3.7 billion of long-term debt into equity while allowing the company to keep its operations going. The Oklahoma City-based company filed the Chapter 11 paperwork in the U.S. Bankruptcy Court for the Southern District of Texas. The petroleum and natural gas exploration company said ...

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SandRidge Energy says antitrust investigation dropped

OKLAHOMA CITY (AP) — Oklahoma City-based SandRidge Energy Inc. says the U.S. Department of Justice has dropped an antitrust investigation into the company. The oil and natural gas company said Friday in a filing with the Securities and Exchange Commission that it was notified Thursday that it is no longer the target of an investigation into possible antitrust violations in ...

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Latest: Landowner’s lawyers sue Oklahoma City energy giants

FILE - In this Wednesday, June 6, 2012, file photo, Chesapeake Energy Corp. CEO Aubrey McClendon attends Game 6 of the NBA basketball Western Conference finals, in Oklahoma City. Oklahoma City police say McClendon, a natural gas industry titan who was indicted on Tuesday, March 1, 2016, by a federal grand jury for allegedly conspiring to rig bids to buy oil and natural gas leases in northwest Oklahoma, was killed Wednesday in a fiery single-car crash in Oklahoma City. A part-owner of the NBA's Oklahoma City Thunder, McClendon stepped down in 2013 at Chesapeake and founded American Energy Partners, where he was chairman and CEO. (AP Photo/Sue Ogrocki, File)

OKLAHOMA CITY (AP) — The Latest on Oklahoma energy tycoon Aubrey McClendon, who was killed in fiery single-vehicle crash just hours after being indicted on federal charges connected to rigging bids for oil and gas leases (all times local): 4:30 p.m. Attorneys for a northwest Oklahoma landowner have filed a lawsuit against Oklahoma City energy giants Chesapeake Energy and Sandridge ...

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State OKs oil well drill near Rio Rancho

An Oklahoma-based energy company has received a state permit to drill an exploratory oil well in Sandoval County, about four miles outside of Rio Rancho city limits. The company, SandRidge Energy Inc., is working to get approval from Sandoval County for drilling at the site, said David A. Kimmel, SandRidge communications director. The location is north of Northern and Encino, ...

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ConocoPhillips says to maintain capex for next 3 years

ConocoPhillips Chairman and CEO Lance rings the closing bell at the New York Stock Exchange

KUALA LUMPUR – ConocoPhillips expects to maintain capital expenditure for the next three years, after reducing it earlier this year due to the oil price drop, Chief Executive Ryan Lance told Reuters on Monday. The largest independent U.S. energy company, which cut its 2015 capital budget by $2 billion to $11.5 billion in January, “should hold (investment) flat for three ...

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SandRidge is target of antitrust grand jury probe: filing

HOUSTON/NEW YORK – SandRidge Energy Inc <SD.N> is the target of a federal grand jury probe concerning violations of antitrust law related to the leasing of oil and gas properties, the company said in a regulatory filing on Thursday. The Oklahoma City, Oklahoma-based company said the transactions subject to the government’s inquiry date from 2012 and prior years, according to ...

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SandRidge, already struggling, says to restate results for SEC

HOUSTON, Nov 4- U.S. tight oil producer SandRidge Energy Inc, already pressured by the loss of its No. 2 executive and doubts about the quality of its acreage, said on Tuesday it would delay filing quarterly results and restate previous ones because of an SEC review. The company, which still plans to file an operational update on Wednesday, said the ...

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