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SandRidge Sees MissLime Wells Outperform; Cuts Rig Count to 22
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SandRidge Energy, Inc. reported financial and operational results for the quarter and nine months ended September 30, 2013 and provided an update on the execution of its 2013 development plan.
Highlights: Increases 2013 Production Guidance by 300 MBoe to 33.6 MMBoe Mississippian Production Averaged 47.9 MBoe per Day in the Third Quarter, a 59% Increase Year-Over-Year Decreased Mississippian Lease Operating Expense to $7.02 per Boe in the Third Quarter, a 22% Decrease Year-Over-Year Delivered 104 Mississippian Wells with an Average 30-day IP of 307 Boe per Day during the Third Quarter, YTD Average 30-day IP of 339 Boe per Day Initiated Development of Chester and Stacked Mississippian Formations Issues 2014 Guidance Estimated 2014 Total Production of 36.3 MMBoe, 12% Organic…- ✓ Full news archive — U.S., Canada & international coverage
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