| SandRidge Energy closes transactions worth $258M |
| News - Financial News |
|
--(www.FinancialNewsUSA.com)-- 07/02/2009 - Oil and Gas Drilling and Exploration industry news provided by Financial News USA. OKLAHOMA CITY (AP) -- SandRidge Energy Inc. says it has closed on two previously announced transactions worth a combined $258 million. Oklahoma City-based SandRidge said Tuesday it received $200 million from the sale of gathering and compression assets located in the Pinon Field, located in Pecos and Terrell counties in west Texas. The buyer is an entity formed and financed by Los Angeles-based TCW Asset Management Co. on behalf on institutional clients. SandRidge will still operate the assets. In a $58 million deal, SandRidge sold drilling rights for about 22,000 acres in Gregg, Harrison and Rusk counties in east Texas, below the depth of the Cotton Valley formation. SandRidge says the buyer was a privately owned exploration and production company. SandRidge will use the $258 million to pay down borrowings from the company's revolving credit facility. Copyright © 2009 The Associated Press. All rights reserved. [Read the full article] W.S.S. is an online community with a dedicated team of analysts who are providing free in-depth research on North American equities. Our analysts have issued free ratings reports on the following six companies: Nabors Industries Ltd. (NYSE: NBR), Coca-Cola Enterprises Inc. (NYSE: CCE), Eaton Corporation (NYSE: ETN), General Mills Inc. (NYSE: GIS), Holly Corporation (NYSE: HOC) and SEI Investments Company (NASDAQ: SEIC). Click the link below to gain access to these free reports, no credit card is needed, just click the link below and start gaining access to this one of a kind research. Research will be posted within 24 hrs and will be available in the member's area. Immediate registration is required. [Read the full article] RothmanResearch.com, www.rothmanresearch.com, is a unique and free to use financial portal reaching all investors to provide the best source of content and research they can find online. On this day, we have begun tracking the following companies as they have shown remarkable correction in recent days, you can access these free reports with a number of other reviews by signing up for your complimentary membership at : At Rothman Research we have the fastest accurate system for locating, analyzing, and reporting, which allows us to rapidly provide you with all the information you need to make a sound investment decision. On top of this we have a golden rule and we believe you will agree that Knowledge is free and should accessible to everybody. Take the time to register with us at http://www.rothmanresearch.com/index.php?id=6&name=Register. [Read the full article] HOUSTON--(BUSINESS WIRE)--Bonanza Oil and Gas, Inc. (OTCBB: BGOI), is pleased to announce that Mr. Don Reynolds has joined Bonanza's Management Team as Chief Geologist. Don joins Bonanza with over 25 years experience as a Geologist and most recently with Smith Petroleum Company. At Smith, Don assumed responsibility for the administrative, operational, financial and legal activities in addition to researching and evaluating drilling prospects. Prior to working with Smith he worked as a Geologist with Tenneco Oil Company and before Tenneco, Don was a Senior Geologist with Cabot Oil & Gas Corp. His areas of expertise are not limited to but include the Gulf Coast of Texas and Louisiana, both onshore and offshore. Mr. Reynolds is a graduate of Louisiana State University. Bill Wiseman, President and CEO of Bonanza Oil & Gas, Inc., said, "We're pleased to have Don Reynolds join our team. [Read the full article] About Financial News USA Financial News USA is a Next Generation Financial Communications firm focused on the distribution of market moving news. Financial News USA has developed leading edge e-publishing tools including programming proprietary RSS feeds and enabling open source press release publishing across its network. Financial News USA has been aggressively expanding its news distribution network by targeting direct feeds to financial news and data providers such as FinancialContent, Yahoo (NASDAQ: YHOO), among others. Financial News USA offers a free news feed available online (www.financialnewsusa.com) to websites and financial services looking for content and for individual investors looking to stay informed on the financial markets. Financial News USA and its affiliates charge each client cash for news distribution and may take an equity position in the companies mentioned herein, please visit the disclaimer at www.financialnewsusa.com. 
|