SandRidge Energy Inc. is an independent oil and natural gas exploration and production company based in Oklahoma City, Oklahoma, United States. The company was founded in 2006 by Tom L. Ward, a prominent figure in the oil and gas industry. SandRidge Energy primarily operates in the Mid-Continent region of the United States, with a focus on developing oil and gas reserves in Oklahoma and Kansas.
The company's primary operations involve the exploration, development, and production of oil and natural gas reserves from both conventional and unconventional sources, including shale formations. SandRidge Energy has historically been involved in various aspects of the oil and gas value chain, including drilling, completion, and production operations.
SandRidge Energy has faced various challenges over the years, including fluctuations in oil and natural gas prices and financial difficulties. In 2016, the company filed for Chapter 11 bankruptcy protection due to the adverse impact of the oil price downturn. However, it emerged from bankruptcy in 2017, implementing a restructuring plan to reduce debt and improve its financial position.
Given the inherent volatility in the energy sector and its history of bankruptcy restructuring, SandRidge Energy's future prospects are closely tied to its ability to manage operational costs, adapt to changing market dynamics, and execute its growth strategies effectively.