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Started By
Message
re: SandRidge Sells Gulf of Mexico Business to Fieldwood Energy
Posted on 1/7/14 at 10:11 am to Clyde Tipton
Posted on 1/7/14 at 10:11 am to Clyde Tipton
quote:
I don't know why they are selling their gulf stuff unless they really need the cash
it is depleted
quote:
They need to get rid of their on shore Mississippian BS in Oklahoma/Nebraska that has cost a lot of money and not really worked out.
yet
1
Posted on 1/7/14 at 10:19 am to hardhead
quote:
yet
My research has indicated that they spent too much money on the on shore play and that if they could dump it and refocus something might happen for them elsewhere. I didn't expect them to sell gulf stuff to finance the onshore thing. I guess they believe/know something...
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