Sandridge Energy Files 8-K with Material Agreement

TL;DR

Sandridge Energy just filed an 8-K for a material definitive agreement. Watch this space.

AI Summary

On July 29, 2024, Sandridge Energy, Inc. filed an 8-K report detailing a material definitive agreement. The filing also included Regulation FD disclosures and financial statements. The company is incorporated in Delaware and its principal executive offices are located in Oklahoma City, OK.

Why It Matters

This filing indicates a significant new agreement for Sandridge Energy, which could impact its operations and financial standing.

Risk Assessment

Risk Level: medium — Material definitive agreements can introduce new risks or opportunities that are not yet fully understood.

Key Numbers

• 1-33784 — SEC File Number (Identifies the company's filing history with the SEC.)
• 20-8084793 — IRS Employer Identification No. (Company's tax identification number.)

Key Players & Entities

• SANDRIDGE ENERGY, INC. (company) — Registrant
• July 29, 2024 (date) — Date of report
• Delaware (jurisdiction) — State of Incorporation
• Oklahoma City, OK (location) — Principal Executive Offices
• 1 E. Sheridan Ave., Suite 500 (address) — Business Address

FAQ

Key Financial Figures

• $0.001 — nge on which registered Common Stock, $0.001 par value SD New York Stock Exchang
• $144,000,000 — eement, the sale price of the Assets is $144,000,000, subject to customary post-closing adju

Filing Documents

• d123831d8k.htm (8-K) — 27KB
• d123831dex21.htm (EX-2.1) — 533KB
• d123831dex991.htm (EX-99.1) — 17KB
• g123831g0729131108202.jpg (GRAPHIC) — 2KB
• 0001193125-24-187697.txt ( ) — 836KB
• sd-20240729.xsd (EX-101.SCH) — 3KB
• sd-20240729_lab.xml (EX-101.LAB) — 18KB
• sd-20240729_pre.xml (EX-101.PRE) — 11KB
• d123831d8k_htm.xml (XML) — 4KB

From the Filing

8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported): July 29, 2024 SANDRIDGE ENERGY, INC. (Exact Name of Registrant as Specified in Charter) Delaware 1-33784 20-8084793 (State or Other Jurisdiction of Incorporation or Organization) (Commission File Number) (I.R.S. Employer Identification No.) 1 E. Sheridan Ave. , Suite 500 Oklahoma City , OK 73104 (Address of Principal Executive Offices) (405) 429-5500 Registrant's Telephone Number, Including Area Code Not Applicable. (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below): Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.001 par value SD New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item1.01. Entry into a Material Definitive Agreement. On July 29, 2024, SandRidge Exploration and Production, LLC, a Delaware limited liability company and a wholly owned subsidiary of SandRidge Energy, Inc. (the " Purchaser "), entered into a Purchase and Sale Agreement, dated July 29, 2024, by and among Upland Exploration, LLC, a Texas limited liability company, Upland Operating, LLC, an Oklahoma limited liability company (together with Upland Exploration, LLC, collectively, " Seller ") and the Purchaser (the " Purchase and Sale Agreement "), providing for the purchase of the Seller's certain interests in oil and gas properties, rights and related assets (the " Assets "). Pursuant to the Purchase and Sale Agreement, the sale price of the Assets is $144,000,000, subject to customary post-closing adjustments. The Purchase and Sale Agreement contains representations, warranties and covenants that are customary of oil and gas purchase and sale agreements. The transaction is expected to be funded with cash on hand and is targeted to close by the end of the third quarter of 2024. A copy of the Purchase and Sale Agreement is attached hereto as Exhibit 2.1 and is incorporated by reference herein. The foregoing description of the Purchase and Sale Agreement is qualified in its entirety by reference to Exhibit 2.1. Item7.01. Regulation FD Disclosure. On July 29, 2024, SandRidge Energy, Inc. issued a press release, attached as Exhibit 99.1, announcing the purchase of the Assets. A copy of the press release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference. The information set forth in the attached Exhibit 99.1 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the " Exchange Act "), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing. Item9.01. Financial Statements and Exhibits (d) Exhibits Exhibit Number Description 2.1 Purchase and Sale Agreement, dated July 29, 2024, by and among SandRidge Exploration and Production, LLC, Upland Exploration, LLC and Upland Operating, LLC* 99.1 Press Release, dated July 29, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) * Exhibits and Schedules have been omitted pursuant to Item 601(b)(2) of Regulation S-K. The Company agrees to furnish a supplemental copy of any such omitted Exhibit or Schedule to the Securities and Exchange Commission upon request. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. SandRidge Energy, Inc. Dated: July 29, 2024 By: /s/ Brandon Brown Name: Brandon Brown Title: Senior

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View this 8-K filing on SEC EDGAR