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SandRidge Axes Gulf Coast Ops for 2014; Bolsters MidCont Focus
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Following reporting the sale of its U.S. Gulf Coast and Gulf of Mexico assets, SandRidge Energy Inc. has detailed its new strategy for 2014, which includes a renewed focus on the company's MidContinent operations.
Most of the budget SandRidge originally allocated to its Gulf of Mexico operations has been redistributed to its MidContinent budget.
SandRidge 2014 Capital Budget Drilling & Completions ($mm) Permian : $110 Mississippian : $1,040 GOM : $10 Wells MidCont : 460 (331 net) Permian : 180 (176 net) Production GrowthGrowth from 32.5 Mboe (2013) to 36.3 Mboe (2014)
Permian - +O.3 Mboe growth Mississippian : +5.9 Mboe growthSee chart below for more details.
SandRidge 2013 & 2014 CapEx GuidanceEnlarge Image
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