Tuesday, SandRidge Energy Inc. (SD) said it intends to commence a private offering to eligible purchasers of $400 million of Senior Notes due 2020. Net proceeds from this offering will be used to fund a portion of the purchase price of the company's previously announced acquisition of oil and gas properties in the Permian Basin from Forest Oil Corp. If such acquisition is not consummated, the net proceeds are expected to be used for general corporate purposes, including exploration, development and other capital expenditures.
SandRidge Energy Inc., together with its subsidiaries, operates as a natural gas and oil company in the United States. The company engages in the exploration, development, and production of oil and gas properties.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.