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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 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 9:43 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 12:43 pm to michaelb1100
Who was doing SandRidges survey work? The company I am presently employed with had 2 big projects in the gulf from apache and some of us kind of freaked last year when we heard Apache sold their GOM stuff. The bosses told us the projects are still greenlit for the summer though. We finished one last summer but still got at least a whole summers worth of work on the bigger one. We loved Apache they kept us in business when Obama shut down the gulf in 2010. Hopefully we get more of this work.
Posted on 1/7/14 at 12:48 pm to michaelb1100
I know a few guys that jumped from Sandridge to Fieldwood
Same guy that started Dynamic
Same guy that started Dynamic
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