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WIKI ANALYSIS
SandRidge Energy (NYSE:SD) is an oil and natural gas exploration and production company with significant assets in Texas, New Mexico, Oklahoma, Arkansas, Louisiana, and Kentucky. At the beginning of 2010, the company had proven oil reserves totaling 105.3 million barrels (MMBbls) and 680.1 billion cubic feet of proven natural gas reserves (Bcf) for total proven reserves of 1.31 trillion cubic feet equivalent (1312.2 Bcfe) [1]. In addition to the exploration, development, and production of oil and gas reserves, Sandridge has gas treatment facilities, a company that markets its gas to various large-scale clients, and a wholly owned drilling rig service[2]. For 2009, the company reported revenues of $591 million, a 50% decline from 2008 revenue, and a net loss of $1.78 billion, a 22% decline from 2008 net income[3].
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