BNET Industries
Market Cap:$1.6B
Last Fiscal Year Sales:$677.4M
- Public
- US
Dow Jones Description
SandRidge Energy, Inc. is an oil and natural gas company headquartered in Oklahoma City with its principal focus on exploration and production. SandRidge also owns and operates drilling rigs and a related oil field services business operating under the Lariat Services, Inc. brand name; gas gathering, marketing and processing facilities; and, through its subsidiary, PetroSource Energy Company, CO2 treating and transportation facilities and tertiary oil recovery operations. SandRidge focuses its exploration and production activities in West Texas, the Cotton Valley Trend in East Texas and the Gulf Coast. SandRidge also owns oil and gas properties in the Piceance Basin of Colorado, the Gulf of Mexico and the Anadarko and Arkoma Basins.
Chairman, President & CEO
Tom L. WardNumber of Employees 2,219
Contact Information
1601 Northwest Expressway
Suite 1600
Oklahoma City, Oklahoma 73118
(405) 753-5500
Peer Companies
NAICS Code Support Activities for Oil and Gas Operations: 213112
Recent Events
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SandRidge Energy, Inc. Announces Withdrawal From Crusader Energy Group Inc. Acquisition Process
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SandRidge shares climb as analyst upgrades stock
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SandRidge shares climb as analyst upgrades stock
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SandRidge SD Posts Q3 EPS of $0.16, In-Line with Estimates
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Crusader Energy Group Inc. Announces Offer for Sale of Certain Oil and Gas Assets in...
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Analyst forecasts improvement in energy stocks
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Put Volume Sails Higher on Excel Maritime Carriers Ltd. EXM
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SandRidge Energy Inc elects Everett R. Dobson as new director
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SandRidge Energy, Inc. Announces the Appointment of a New Director
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Oklahoma City's SandRidge to acquire bankrupt Crusader
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SandRidge Energy signs agreement to acquire Crusader Energy
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SandRidge To Acquire Crusader Energy
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5 Stocks Bucking the Downtrend
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SandRidge Energy, Inc. Reports Financial and Operational Results for Second Quarter and First Six Months...
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U.S. Drilling Capital Management and SandRidge Energy, Inc. Announce Joint Venture to Drill in...
News & Analysis
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SandRidge Energy, Inc. Q3 2009 Earnings Call Transcript
Question-and-Answer SessionOperator Thank you. Operator Instructions. And our first question will come from the line of David Heikkinen with TudorPickering. Please proceed. David Heikkinen – TudorPickering Good morning, Tom and Dirk. Tom Ward Good morning. David Heikkinen – TudorPickering Thinking about 2010 guidance, just wanted to be clear as...
SandRidge Energy, Inc. Q2 2009 Earnings Call Transcript
SandRidge Energy, Inc. SD Q2 2009 Earnings Call August 7, 2009 9:00 am ET
SandRidge Energy, Inc. Q2 2009 Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Your first question comes from Dave Kistler - Simmons & Company. Dave Kistler - Simmons & Company For 2010, uptick in capex, can you give us any kind of additional color on the capex, how it will be directed, and what you see as...
SandRidge Energy, Inc. Q1 2009 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Your first question comes from David Heikkinen - Tudor, Pickering, Holt David Heikkinen - Tudor, Pickering, Holt Thinking about the transactions in East Texas first versus North Louisiana, any thoughts about further deep right sales or a mark of value of this sale versus what...
SandRidge Energy, Inc. Q4 2008 Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Your first question comes from the line of Scott Hanold - RBC Capital Markets Scott Hanold - RBC Capital Markets Could you remind me and I think you’ve addressed it before but given the change in the spending plans, and the flexibility, looking...
SandRidge - Substantial Reserves, Heavy Debt and a Possible Takeover Target
Bruce Vanderveen submits: A few years ago we drove to Big Bend National Park a stunningly beautiful place through the wild, arid terrain of west Texas. En route I noticed operating oil and gas wells as we neared the park. At the the time I didn't...
SandRidge Energy, Inc. Q3 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions. Your first question comes from the line of Joe Allman with JPMorgan. Joe Allman - JPMorgan Yes, thank you. Good morning, everybody. Tom Ward Good morning. Dirk Van Doren Hey, Joe. Joe Allman - JPMorgan Hey, Tom, maybe you said this, but how many wells...
T. Boone Pickens' Stocks Struggle
Hickey and Walters Bespoke submit: Judging by the performance of T. Boone Pickens' stock holdings at the end of the second quarter, it hasn't been a good couple of months. While there's no telling yet what Pickens has done in his BP Capital fund this quarter, if he...
Hedge Fund Tracking: Lone Pine Capital (Steven Mandel)
Market Folly submits: Four times a year, hedge funds & asset managers with > $100 million AUM assets under management are required to report to the SEC their holdings from the previous quarter. I check these 13F filings quarterly just to get a sense as to where these funds are...
15 Value Hedge Funds Portfolio Update
Mebane Faber submits: Are the top value hedge funds going to beat the market every quarter, or just outperform when the market is going up? Maybe we should ask Will Ferrell, errr, I mean Robert Goulet: by Mebane Faber
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Dirk M. Van Doren | Cfo & Executive Vice President |
| Matthew K. Grubb | Coo & Executive Vice President |
| Thomas L. Winton | CIO & Senior Vice President, It |
| Larry K. Coshow | Executive Vice President, Land |
| Todd N. Tipton | Executive Vice President, Exploration |
| Mary L. Whitson | Senior Vice President, Hr |
| Rodney E. Johnson | Senior Vice President, Reservoir Engineering |
| V. Bruce Thompson | General Counsel & Senior Vice President, Legal |
| Dan Jordan | Vice President, Business |
| Randall D. Cooley | Vice President, Accounting |
| Brent Moss | Marketing Manager |
| Amy Mitchell | Secretary |
| Andy Bell | |
| Anna Albracht | |
| Barry Wilson | |
| Caty Albert | |
| Charles Brown | |
| Cindy Van Valkenburg | |
| David Walker | |
| Debby Hollar | |
| Dee Cravy | |
| Gail Metcalf | |
| Gail Yowell | |
| Henry McElroy | |
| Howard Baker | |
| John Albert | |
| Justin Davis | |
| Lyle Hodnett | |
| Marc Harvey | |
| Mark Geurkink | Treasurer |
| Mark Reinhart | |
| Matt Strickler | |
| Mike Burnett | |
| Shannon Rodriguez | |
| Sonny Busch | |
| Susan Prosser |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Tom L. Ward | Chairman, President & CEO |
| Bill Gilliland | Board of Directors |
| D. Dwight Scott | Board of Directors |
| Jeffrey Serota | Board of Directors |
| N. Malone Mitchell | Board of Directors |
| Roy T. Oliver | Board of Directors |
Mr. Ward has served as our Chairman and Chief Executive Officer since June 2006 and as our President since December 2006. Prior to joining SandRidge, he served as President, Chief Operating Officer and a director of Chesapeake Energy Corporation (NYSE: CHK) from the time he co-founded the company in 1989 until February 2006. From February 2006 until June 2006, Mr. Ward managed his private investments. Mr. Ward graduated from the University of Oklahoma with a Bachelor of Business Administration in Petroleum Land Management. He is a member of the Board of Trustees of Anderson University in Anderson, Indiana.
| Organization | Position | Status |
|---|---|---|
| SandRidge Energy, Inc. | Chairman, President & CEO | Current |
Mr. Van Doren has served as our Executive Vice President and Chief Financial Officer since June 2006. He served in High Yield Research at Goldman Sachs from 1999 until May 2006. Mr. Van Doren graduated from Colgate University in 1981 with a Bachelor of Arts degree in Political Science and International Relations and earned a Masters degree in Business Administration from Duke University, The Fuqua School of Business in 1985.
| Organization | Position | Status |
|---|---|---|
| SandRidge Energy, Inc. | Cfo & Executive Vice President | Current |
Mr. Grubb has served as our Executive Vice President and Chief Operating Officer since June 2007. Prior to this, he had served as our Executive Vice President — Operations since August 2006. Mr. Grubb was employed by Samson Resources beginning in 1995 and served as Division Operations Manager of East Texas and Southeast U.S. Regions for Samson Resources from 2002 through July 2006. Mr. Grubb earned a Bachelor of Science degree in Petroleum Engineering in 1986 and a Master of Science degree in Mechanical Engineering in 1988, both from Texas A&M University.
| Organization | Position | Status |
|---|---|---|
| SandRidge Energy, Inc. | Coo & Executive Vice President | Current |
Mr. Winton has served as our Senior Vice President — Information Technology and Chief Information Officer since May 2006. Prior to joining us, Mr. Winton served as Senior Vice President and Chief Information Officer for Chesapeake Energy Corporation from July 1998 until retiring in July 2005. Mr. Winton obtained a Bachelor of Science degree in Mathematics from Oklahoma Christian University in 1969, a Masters degree in Mathematics from Creighton University in 1973, and Masters degree in Business Administration from the University of Houston in 1980. Mr. Winton also completed the Tuck Executive Program, Tuck School of Business, Dartmouth College in 1987.
| Organization | Position | Status |
|---|---|---|
| SandRidge Energy, Inc. | CIO & Senior Vice President, It | Current |
| Organization | Position | Status |
|---|---|---|
| SandRidge Energy, Inc. | Executive Vice President, Land | Current |
Mr. Tipton joined us as Executive Vice President of Exploration in September 2006. Prior to this, he was Exploration Manager of the Western Division from 2001 through August 2006 for Devon Energy Corporation. He received a Bachelor degree in Geology from The State University of New York at Buffalo in 1977 and completed an executive development program at The Johnson Graduate School of Management at Cornell University. Mr. Tipton is a member of the Rocky Mountain Association of Geologists and a member of the Independent Petroleum Association of Mountain States.
| Organization | Position | Status |
|---|---|---|
| SandRidge Energy, Inc. | Executive Vice President, Exploration | Current |
Ms. Whitson has served as our Senior Vice President — Human Resources since September 2006. Ms. Whitson was the Vice President — Human Resources for Chesapeake Energy Corporation through August 2006, where she held human resources management positions of increasing responsibility for more than eight years. She attended Oklahoma State University and received a Bachelor of Science degree from the University of Central Oklahoma in 1996. Certified as a Senior Professional in Human Resources (SPHR), Ms. Whitson is a graduate of Leadership Oklahoma City Class XXIV and currently serves as a member of the board of directors for the YWCA of Oklahoma City.
| Organization | Position | Status |
|---|---|---|
| SandRidge Energy, Inc. | Senior Vice President, Hr | Current |
| Organization | Position | Status |
|---|---|---|
| SandRidge Energy, Inc. | Senior Vice President, Reservoir Engineering | Current |
| Organization | Position | Status |
|---|---|---|
| SandRidge Energy, Inc. | General Counsel & Senior Vice President, Legal | Current |
Mr. Jordan was appointed as a director of SandRidge in December 2005. Mr. Jordan also has served as a director of PetroSource since May 2004 and served as a Vice President and director of Symbol Underbalanced Air Services and Larco from August 2003 to September 2005. From October 2005 through August 2006, Mr. Jordan served as our Vice President, Business. Since September 2006, Mr. Jordan has been involved in private investments. Prior to joining SandRidge, Mr. Jordan founded Jordan Drilling Fluids, Inc. and served as its Chairman, President and Chief Executive Officer from March 1984 to July 2005. Mr. Jordan sold Jordan Drilling Fluids, Inc. and its wholly owned subsidiary, Anchor Drilling Fluids USA Inc., in July 2005. At that time, Anchor Drilling Fluids USA Inc. was the largest privately held domestic drilling fluids firm.
| Organization | Position | Status |
|---|---|---|
| SandRidge Energy, Inc. | Vice President, Business | Current |
| SandRidge Energy, Inc. | Board of Directors | Current |
| Anchor Drilling Fluids USA, Inc. | Former |
Mr. Cooley joined us as Vice President — Accounting in November 2006, upon acquisition of NEG Oil & Gas LLC and was promoted to Senior Vice President — Accounting in January 2008. Prior to joining SandRidge, Mr. Cooley served as the senior financial officer with National Energy Group, Inc., having held the position of Vice President and Chief Financial Officer since March 2003. Mr. Cooley earned a Bachelor of Science in Business Administration, with a major in Accounting, from the University of Southern Mississippi in 1978 and is a Certified Public Accountant.
| Organization | Position | Status |
|---|---|---|
| SandRidge Energy, Inc. | Vice President, Accounting | Current |
| Organization | Position | Status |
|---|---|---|
| SandRidge Energy, Inc. | Marketing Manager | Current |
| Organization | Position | Status |
|---|---|---|
| SandRidge Energy, Inc. | Secretary | Current |
| Alsate Exploration Inc | Secretary | Current |
| Alsate Exploration Inc | Secretary | Former |
| SandRidge Energy, Inc. | Secretary | Former |
| Organization | Position | Status |
|---|---|---|
| SandRidge Energy, Inc. | Current | |
| Colorado School of Mines | B.S. degrees | Former |
| Organization | Position | Status |
|---|---|---|
| SandRidge Energy, Inc. | Current | |
| West Texas State University | B.B.A. in accounting | Former |
| Organization | Position | Status |
|---|---|---|
| SandRidge Energy, Inc. | Current | |
| KPMG International | Former |
| Organization | Position | Status |
|---|---|---|
| SandRidge Energy, Inc. | Current |
| Organization | Position | Status |
|---|---|---|
| SandRidge Energy, Inc. | Current |
| Organization | Position | Status |
|---|---|---|
| SandRidge Energy, Inc. | Current |
| Organization | Position | Status |
|---|---|---|
| SandRidge Energy, Inc. | Current |
| Organization | Position | Status |
|---|---|---|
| SandRidge Energy, Inc. | Current |
| Organization | Position | Status |
|---|---|---|
| SandRidge Energy, Inc. | Current |
| Organization | Position | Status |
|---|---|---|
| SandRidge Energy, Inc. | Current |
| Organization | Position | Status |
|---|---|---|
| SandRidge Energy, Inc. | Current |
| Organization | Position | Status |
|---|---|---|
| SandRidge Energy, Inc. | Current |
| Organization | Position | Status |
|---|---|---|
| SandRidge Energy, Inc. | Current | |
| Superior Oil Co., Inc. | Former |
| Organization | Position | Status |
|---|---|---|
| SandRidge Energy, Inc. | Current | |
| Chevron Corp. | Landman | Former |
| Organization | Position | Status |
|---|---|---|
| SandRidge Energy, Inc. | Current | |
| Texas Tech University | B.S. in Petroleum Engineering | Former |
| Organization | Position | Status |
|---|---|---|
| SandRidge Energy, Inc. | Current | |
| Angelo State University | B.B.A. in accounting | Former |
| Organization | Position | Status |
|---|---|---|
| SandRidge Energy, Inc. | Current | |
| Anadarko Petroleum Corporation | Former |
| Organization | Position | Status |
|---|---|---|
| SandRidge Energy, Inc. | Treasurer | Current |
| SandRidge Energy, Inc. | Treasurer | Former |
| Organization | Position | Status |
|---|---|---|
| SandRidge Energy, Inc. | Current | |
| Phillips Petroleum Company | Former | |
| Anadarko Petroleum Corporation | Former | |
| Kansas State University | B.S. in Chemical Engineering | Former |
| Organization | Position | Status |
|---|---|---|
| SandRidge Energy, Inc. | Current | |
| Texas Tech University | B.B.A. in Petroleum Land Management | Former |
| Organization | Position | Status |
|---|---|---|
| SandRidge Energy, Inc. | Current | |
| Oklahoma City University | M.B.A. | Former |
| Oklahoma State University | B.S. in 1982 | Former |
| Organization | Position | Status |
|---|---|---|
| SandRidge Energy, Inc. | Current |
| Organization | Position | Status |
|---|---|---|
| SandRidge Energy, Inc. | Current |
| Organization | Position | Status |
|---|---|---|
| SandRidge Energy, Inc. | Current |
Mr. Gilliland was appointed as a director on January 7, 2006. Mr. Gilliland has served as managing partner of several personal and family investment partnerships, including Gillco Energy, L.P. and Gillco Investments, L.P., since April 1999. Prior to this, Mr. Gilliland was the founder, Chief Executive Officer, President and Chairman of Cross-Continent Auto Retailers, Inc. Mr. Gilliland holds a Bachelor of Business Administration from North Texas State University.
| Organization | Position | Status |
|---|---|---|
| SandRidge Energy, Inc. | Board of Directors | Current |
Mr. Scott was appointed as a director on March 20, 2007. He has been a Managing Director of GSO Capital Partners, an investment advisor specializing in the leveraged finance marketplace since September 2005. Prior to joining GSO, Mr. Scott was Executive Vice President and Chief Financial Officer for El Paso Corporation from October 2002 until August 2005. He is a member of the board of directors of MCV Investors, Inc., United Engines Holding Company LLC, KIPP, Inc. and the Board of Trustees of the Council on Alcohol and Drugs Houston. Mr. Scott earned a Bachelor’s degree from the University of North Carolina at Chapel Hill and a Master’s of Business Administration from the University of Texas at Austin.
| Organization | Position | Status |
|---|---|---|
| SandRidge Energy, Inc. | Board of Directors | Current |
Mr. Serota was appointed as a director of SandRidge Energy, Inc. on March 20, 2007. He has served as a Senior Partner with Ares Management LLC, an independent Los Angeles based investment firm, since September 1997. Prior to joining Ares, Mr. Serota worked at Bear Stearns from March 1996 to September 1997, where he specialized in providing investment banking services to financial sponsor clients of the firm. He currently serves on the board of directors of Marietta Holding Corporation, Douglas Dynamics, LLC, AmeriQual Group LLC, WCA Waste Corporation and White Energy, Inc. Mr. Serota received a Bachelor of Science degree in Economics from the University of Pennsylvania’s Wharton School of Business and received a Masters of Business Administration degree from UCLA’s Anderson School of Management.
| Organization | Position | Status |
|---|---|---|
| SandRidge Energy, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| SandRidge Energy, Inc. | Board of Directors | Current |
Mr. Oliver was appointed as a director on July 13, 2006. Mr. Oliver has served as President of R.T. Oliver Investments, Inc., a diversified investment company with interests in energy, energy services, media and real estate, since August 2001. The company presently owns the largest portfolio of class A office properties in Oklahoma. He has served as President and Chairman of the Board of Valliance Bank, N.A. since August 2004. He founded U.S. Rig and Equipment, Inc. in 1980 and served as its President until its assets were sold in August 2003. Mr. Oliver is a graduate of the University of Oklahoma with a Bachelor of Business Administration degree. He serves on The University of Oklahoma Michael F. Price College of Business Board of Advisors.
| Organization | Position | Status |
|---|---|---|
| SandRidge Energy, Inc. | Board of Directors | Current |
Executive News
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SandRidge Energy, Inc. (SD) reports 2nd Quarter ending June 2009 above estimates
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