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SD > SEC Filings for SD > Form 8-K on 8-May-2013All Recent SEC Filings

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Form 8-K for SANDRIDGE ENERGY INC


8-May-2013

Other Events, Financial Statements and Exhibits


Item 8.01 Other Events
On February 26, 2013, SandRidge Exploration and Production, LLC ("SandRidge E&P"), a wholly-owned subsidiary of SandRidge Energy, Inc. ("SandRidge"), and Sheridan Holding Company II, LLC ("Sheridan") closed the transaction pursuant to which Sheridan acquired SandRidge E&P's assets in the Permian Basin, other than those assets associated with SandRidge Permian Trust, (the "Permian Properties") for $2.6 billion in cash, subject to post-closing adjustments. The effective date of the transaction is January 1, 2013.

SandRidge is filing this Current Report on Form 8-K to give effect to the sale of the Permian Properties and the redemption of its 9.875% Senior Notes due 2016 and 8.0% Senior Notes due 2018 (the "Senior Notes Redemption"). SandRidge's historical results have also been adjusted to give effect to (i) its acquisition of oil and natural gas properties from Hunt Oil Company, Hunt Chieftain Development, L.P., and Hunt Oil Company of Louisiana, Inc. (collectively, "Hunt"), (ii) the acquisition of Dynamic Offshore Resources, LLC ("Dynamic") by SandRidge and SandRidge's issuance of $750.0 million aggregate principal amount of 8.125% Senior Notes due 2022 to partially fund the acquisition of Dynamic and
(iii) the conveyance of royalty interests in certain oil and natural gas properties to SandRidge Mississippian Trust II by SandRidge. SandRidge's pro forma financial information is filed as Exhibit 99.1 to this Current Report.



Item 9.01 Financial Statements and Exhibits
(d) Exhibits:
99.1         Pro Forma Financial Information. Unaudited Pro Forma Condensed
             Statement of Operations for the three months ended March 31, 2013,
             Unaudited Pro Forma Condensed Combined Statement of Operations for
             the year ended December 31, 2012 and related notes showing the pro
             forma effects of the sale of the Permian Properties and Senior Notes
             Redemption and adjustments giving effect to (i) the acquisition of
             oil and natural gas properties from Hunt, (ii) the acquisition of
             Dynamic by SandRidge and SandRidge's issuance of $750.0 million
             aggregate principal amount of 8.125% Senior Notes due 2022 to
             partially fund the acquisition and (iii) the conveyance of royalty
             interests in certain oil and natural gas properties to SandRidge
             Mississippian Trust II by SandRidge.


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