SandRidge Energy, Inc
SandRidge Energy Inc. is a U.S.-based independent oil and natural gas company focused on acquisition, development, and production in the U.S. Mid-Continent. Its operations center on producing crude oil, natural gas, and natural gas liquids from operated and non-operated wells and leased acreage, with a portfolio that includes the Cherokee Shale Play and legacy assets.
Tilikausi 2025 · muutos edellisvuodesta
Kehitys 2020–2025
Liiketoiminta
Osuus liikevaihdostaCrude oil extracted from operated and non-operated wells in the Mid-Continent.
Sales of produced natural gas from company-operated and partner-operated properties.
Natural gas liquids recovered and sold as part of hydrocarbon production.
Acquisition, leasing, and development of acreage to support future drilling.
Tuotteet
Raportoitu · osuus liikevaihdosta- Oil Reserves54,5 %
- Natural Gas Liquids Reserves28,5 %
- Natural Gas Reserves17,1 %
Lähde: 10-K FY2024, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.
Asiakkaat
SandRidge sells production to oil and natural gas companies as well as trading and energy marketing firms. Its customer base is concentrated, with several purchasers accounting for a large share of revenue, but the company also notes that multiple available buyers in its operating areas help reduce dependence on any single downstream customer.
Buy crude oil, natural gas, and NGL volumes for downstream use or resale; they are core purchasers of produced hydrocarbons.
Buy production to aggregate, hedge, transport, and market volumes across regional and national markets.
Regional buyers in the Mid-Continent that provide outlet capacity for produced volumes and help diversify sales channels.
Strategia
SandRidge’s strategy is to grow the value of its asset base through disciplined capital allocation to high-return organic projects, especially development in the Cherokee Shale Play. It also emphasizes production optimization, leasehold management, opportunistic acquisitions, and maintaining flexibility to adjust activity to commodity prices and project returns.
Provides the main organic growth engine and supports reserve replacement.
Raises output from existing wells with lower capital intensity than new drilling.
Maintains future drilling optionality and reduces lease expiration risk.
Can add reserves and scale if priced attractively and integrated well.
Maantiede
SandRidge’s core operating footprint is the U.S. Mid-Continent, including the Cherokee Shale Play, NW Stack, and legacy assets. The company is headquartered in Oklahoma City, and its leasehold and producing wells are concentrated in onshore U.S. basins where local infrastructure, pipeline access, and lease terms shape development economics.
Riskit
SandRidge is exposed to commodity price volatility, reserve depletion, lease expiration, and operational hazards typical of upstream oil and gas producers. Its concentrated customer base, reliance on third-party service providers, and cybersecurity and infrastructure dependencies can also disrupt sales, operations, or cash flow.
- Commodity price volatilityVaikutus: KorkeaTodennäköisyys: Kohtalainen
Revenue depends on realized oil, gas, and NGL prices that are outside management control.
Kohdistuu - Reserve depletion and decline ratesVaikutus: KorkeaTodennäköisyys: Kohtalainen
Upstream wells are depleting assets and require ongoing development to sustain volumes.
Kohdistuu: Producing wells and reserve base
- Customer concentrationVaikutus: KorkeaTodennäköisyys: Kohtalainen
A few purchasers account for a large share of revenue, increasing credit and renewal risk.
Kohdistuu: Receivables and sales channels
- Lease expirationVaikutus: KeskitasoTodennäköisyys: Kohtalainen
Undeveloped acreage can expire if production is not established or leases are not extended.
Kohdistuu: Net undeveloped acreage
- Operational and cybersecurity disruptionVaikutus: KeskitasoTodennäköisyys: Kohtalainen
Well operations, pipelines, and IT systems are vulnerable to outages, attacks, and third-party failures.
Kohdistuu
Kirjanpito
Harkinnanvaraiset erätReserve volumes and future development assumptions affect DD&A and asset values.
Vaikutus: Can materially change depletion expense and impairment risk
Plugging and abandonment liabilities depend on long-term cost and timing estimates.
Vaikutus: Affects liabilities and future cash outflows
Cash-settled hedges alter realized prices and can create earnings volatility.
Vaikutus: Impacts revenue presentation and net income
Held-by-production status and lease terms determine whether acreage remains available for development.
Vaikutus: Affects future drilling optionality and asset carrying values
Revenue is concentrated among a few customers, increasing collectability risk.
Vaikutus: Can affect allowance estimates and working capital
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