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Started By
Message
SandRidge Sells Gulf of Mexico Business to Fieldwood Energy
Posted on 1/7/14 at 7:55 am
Posted on 1/7/14 at 7:55 am
Well HR is due in here tomorrow, we will see what transpires, this should be pretty good!!!
SandRidge Energy Inc. SD -2.02% agreed to sell its Gulf of Mexico business to Fieldwood Energy LLC for $750 million in cash.
LINK
SandRidge Energy Inc. SD -2.02% agreed to sell its Gulf of Mexico business to Fieldwood Energy LLC for $750 million in cash.
LINK
This post was edited on 1/7/14 at 7:56 am
5
Posted on 1/7/14 at 7:58 am to michaelb1100
Fieldwood is the same group that bought Apache's GOM group.
Posted on 1/7/14 at 7:59 am to Hacker
That is correct, they sold Dynamic Offshore to Sandridge then took over Apache now they just bought us back for 1/2 the price. I say us I am a contractor for now.
This post was edited on 1/7/14 at 8:01 am
Posted on 1/7/14 at 8:05 am to michaelb1100
McCarrol doing work.
Posted on 1/7/14 at 8:22 am to The Darrow Kid
buying a bunch of junk. 
Posted on 1/7/14 at 8:33 am to diat150
More than 50% of my business is taking out the junk....AKA decommissioning. So its good news for me.
Posted on 1/7/14 at 8:40 am to The Darrow Kid
quote:
More than 50% of my business is taking out the junk....AKA decommissioning. So its good news for me.
I am guessing I handle SiteView for you or will be soon..
Posted on 1/7/14 at 8:55 am to The Darrow Kid
you do P&A i suppose?
Posted on 1/7/14 at 8:59 am to michaelb1100
I used to work for SPN Resources/Dynamic. I left before Sandridge. They MIGHT have a FEW things that need P&A'ing.
This post was edited on 1/7/14 at 9:02 am
Posted on 1/7/14 at 9:09 am to michaelb1100
Hopefully you still have a job
Posted on 1/7/14 at 9:14 am to oilmanNO
quote:
Hopefully you still have a job
Posted on 1/7/14 at 9:15 am to donRANDOMnumbers
I handle WellView when I have to fill in and mainly SiteView - Facilities Maintenance, Decom and Construction.
Posted on 1/7/14 at 9:36 am to michaelb1100
im on a fieldwood energy platform right now that was previously apache
Posted on 1/7/14 at 9:40 am to zach.wlkr
Where at? I was at SMI 128 on New Years
This post was edited on 1/7/14 at 9:41 am
Posted on 1/7/14 at 9:43 am to michaelb1100
quote:
SD -2.02%
It has slid back up.
I don't know why they are selling their gulf stuff unless they really need the cash. 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.
Posted on 1/7/14 at 10:01 am to Clyde Tipton
quote:
I don't know why they are selling their gulf stuff unless they really need the cash. 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.
Yeah, it seems like they are pot committed at this point.
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
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...
Posted on 1/7/14 at 10:20 am to Clyde Tipton
quote:
I guess they believe/know something...
you can stop guessing now
Posted on 1/7/14 at 10:25 am to hardhead
quote:
you can stop guessing now
Well, I was starting to guess myself as an owner of the company. The stock performance has been less than desirable over the last couple of years and now this news breaks on my stock alert deal this morning.
Luckily LNG has been through the roof this year... with another hellacious pop today on a rating upgrade. I guess it has spoiled me...
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