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| SD > SEC Filings for SD > Form 8-K on 22-Jun-2012 | All Recent SEC Filings |
22-Jun-2012
Completion of Acquisition or Disposition of Assets, Financial Statements and
On June 20, 2012, a subsidiary of SandRidge Energy, Inc. (the "Company") completed its acquisition (the "Acquisition") from Hunt Oil Company, Hunt Chieftain Development, L.P., and Hunt Oil Company of Louisiana, Inc. of certain oil and gas properties (the "Assets"). The effective date of the Acquisition is January 1, 2012.
The Assets, which comprise 74 active wells and approximately 184,471 gross (102,864 net) acres located primarily along the Gulf Coast from south Texas to eastern Louisiana, are currently producing approximately 3,000 boed.
The Company paid approximately $50 million for the Assets, subject to adjustments made in the ordinary course, which the Company funded from its cash balance, and assumed plugging and abandonment and other ordinary course liabilities.
The financial information required by Item 9.01 of Form 8-K relating to the Acquisition described in Item 2.01 above will be filed by amendment to this Form 8-K as soon as practicable, but not later than 71 days after the date on which this Form 8-K was required to be filed.
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