One-Page Deal Sheet
SandRidge to Acquire Dynamic Offshore
Sandridge Energy, Inc. Dynamic Offshore Resources, Llc
Announced Date
February 01,2012
Close Date
April 17,2012
Transaction Type
Corporate
Enterprise Value (EV)($MM)
1275
Transaction Details: Subscribe to see
SandRidge Energy, Inc. has entered into an agreement to acquire Dynamic Offshore Resources, LLC for aggregate consideration of $1.275 billion consisting of approximately $680 million in cash and approximately 74 million shares of SandRidge common stock valued at $8.02 per share.
These oil rich assets will add reserves, production and cash flow at an attractive valuation that is consistent with the achievement of SandRidge's three year plan to triple EBITDA and double oil production while lowering its debt to EBITDA ratio. Dynamic Offshore Resources operates primarily in water depths of less…
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