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One-Page Deal Sheet

Sandridge Partners With Atinum To Develop Mississippi Lime Properties

Atinum Partners Co. Sandridge Energy, Inc.
AnnouncedAug 4, 2011
TypeJV
LocationMississippi Lime
Announced Date
August 04,2011
Close Date
September 28,2011
Transaction Type
JV
Enterprise Value (EV)($MM)
500




Snapshot
Asset/Basin:
{"Mississippian Lime"}
TargetZones:
{"Mississippian Lime
Net Acres
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Location
Region
Mid-Continent

Country
United States

State
Kansas

Play
Mississippi Lime



Calculated Metrics( EV/Category)
$/ Acre
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Transaction Details:  Subscribe to see

SandRidge Energy has entered into a joint venture with an affiliate of Atinum Partners Co., Ltd., a private investment firm located in the Republic of Korea. Oklahoma City-based SandRidge will transfer a 13.2% non-working interest in about 860,000 acres, or approximately 113,000 net acres to Atinum, for a total transaction value to SandRidge of $500 million.

Atinum will pay $250 million in cash at closing and the remainder in the form of a drilling carry. The JV area of mutual interest (AMI) covers substantially all of SandRidge’s original Mississippian play area, located in northern Oklahoma…


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Other Mid-Continent Region's Deals


Announced DateBuyerSellerDeal Value($mm)LocationCategory
Jan-27-2025 - - Click here Texas  E&P
Jul-29-2024 - - Click here Oklahoma  E&P
Mar-02-2022 - - Click here Oklahoma  E&P
Nov-10-2021 - - Click here Texas  E&P
May-18-2021 - - Click here Oklahoma  E&P

Price History


Date Deal Headline Price$/acre
Mar-02-2022 BCE-Mach Picks Up Midcontinent Assets for $66.5MM; STACK, MissLime - -
Feb-07-2018 Chesapeake Quietly Exits the MissLime; Sells Assets for $500MM - -
Oct-08-2016 Fairway Resources Partners Scores 223,000 Net Acres In The Anadarko Basin - -