SandRidge Energy, Inc. Reports Production Results for the Fourth Quarter and Fiscal Year Ended December 31, 2023
March 06, 2024 at 04:31 pm EST
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SandRidge Energy, Inc. reported production results for the fourth quarter and fiscal year ended December 31, 2023. For the quarter, the company reported production of Oil was 231 MBbl against 269 MBbl a year ago; Natural Gas was 5,030 MMcf against 5,389 MMcf a year ago; NGL was 404 MBbl against 431 MBbl a year ago; Oil equivalent was 1,473 MBoe against 1,599 MBoe a year ago; Daily production was 16.0 MBoed against 17.4 MBoed a year ago.
For the year, the company reported production of Oil was 1,047 MBbl against 949 MBbl a year ago; Natural Gas was 20,403 MMcf against 21,101 MMcf a year ago; NGL was 1,705 MBbl against 1,997 MBbl a year ago; Oil equivalent was 6,152 MBoe against 6,463 MBoe a year ago; Daily production was 16.9 MBoed against 17.7 MBoed a year ago.
SandRidge Energy, Inc. is an independent oil and gas company engaged in the development, acquisition and production of oil and gas assets. The Companyâs primary area of operations is the Mid-Continent region in Oklahoma and Kansas. Its primary operations are the production, development, and acquisition of hydrocarbon resources. The Company holds interests in about 1,453 gross (849 net) producing wells, approximately 958 of which it operates, and 548,895 gross (364,201 net) total acres under lease. Its productive wells consist of wells that are producing hydrocarbons. The Company sells its oil, natural gas, and natural gas liquids (NGLs) to a variety of customers, including oil and natural gas companies and trading and energy marketing companies. The Companyâs subsidiaries include SandRidge Exploration and Production, LLC, SandRidge Holdings, Inc., SandRidge Midstream, Inc., SandRidge Operating Company, and SandRidge Realty, LLC.
SANDRIDGE ENERGY, INC. 
