DALLAS, Nov. 17, 2009 (GLOBE NEWSWIRE) -- InvestorSoup.com announces an investment report featuring SandRidge Energy Inc. (NYSE:SD). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The investment report on SandRidge Energy Inc. (NYSE:SD) should be of particular interest to natural gas and oil companies: Apache Corp. (NYSE:APA), Brigham Exploration Co. (Nasdaq:BEXP) and Centerpoint Energy Inc. (NYSE:CNP).
It is available at: http://www.investorsoup.com/lp/SD
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SandRidge Energy Inc. (SD) is an independent natural gas and oil company concentrating on exploration, development and production activities. The Company is focused on the exploration and exploitation of its holdings in the West Texas Overthrust (WTO), a natural gas prone geological region. The Company owns related gas gathering and treating facilities, a gas marketing business and an oil field services business, including its drilling rig business, Lariat Services Inc. The Company's Drilling and Oil Field Services segment drills wells for other oil and natural gas companies, primarily in the west Texas region.
In the report, the analyst notes:
"SD last week announced that it is no longer pursuing the acquisition of Crusader Energy Group Inc. As contemplated by the bid procedures approved by the Bankruptcy Court, additional bidders have submitted proposals to acquire Crusader. SD does not intend to participate in the auction triggered by those proposals. The Company expects to receive payment of the agreed upon break-up fee of $7 million.
"SD announced in late September the appointment of Everett R. Dobson as one of seven members of the Company's board of directors. The appointment of Dobson fills a vacancy in the class of Directors who stand for reelection in 2012. Dobson founded Dobson Communications Corp. and served as its chairman and CEO until the company was sold in 2007. He currently serves as chairman of the board for Dobson Technologies, a private landline, fiber optic, and data storage business based in Oklahoma City. Dobson holds a Bachelor of Arts degree in economics from Southwestern Oklahoma State University."
To read the entire report visit: http://www.investorsoup.com/lp/SD
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