SandRidge Energy: Gains on $47 mln sale of North Park Basin assets

SandRidge Energy

14/12/2020 13:57

** Shares of oil and gas driller  SD.N  up 8.68% at $3.38
premarket
    ** Co enters into agreement for sale of North Park Basin
(NPB) assets in Jackson County, Colorado for $47 mln
 urn:newsml:reuters.com:*:nPn9mbQmYa
    ** SD says NPB accounted for less than 10% of production
during Q3 and less than 10% of its proved developed reserves as
of Dec. 31, 2019
    ** Transaction expected to close during Q1 2021
    ** Winston & Strawn LLP is legal advisor to SD
    ** Up to Friday's close, stock down 26.65% YTD 
    

 (Reporting by Rithika Krishna)
 ((Rithika.Krishna@thomsonreuters.com;))