public company traded as otc pink current sdocq industry petroleum industry fate filed for chapter 11 bankruptcy protection on may 16 2016 founded 2006 founder brian michaels headquarters oklahoma city oklahoma u.s. key people brian michaels ceo & president james berrnet non executive chairman products petroleum natural gas production output 79.9 thousand barrels of oil equivalent 489 000 gj per day q3 2015 1 revenue us 625 million ytd 2015 1 total equity us 10.66 billion 2015 1 number of employees 2 205 website www.sandridgeenergy.com sandridge energy inc. is a petroleum and natural gas exploration company headquartered in oklahoma city united states . contents 1 current operations 1.1 subsidiaries 1.1.1 royalty trusts 1.1.2 lariat services 2 history 3 references 4 external links current operations edit in the third quarter of 2015 the company produced 79.9 thousand barrels of oil equivalent 489 000 gj per day . 1 sandridge s drilling activities are focused on its oil properties in the mid continent and permian basin . the company also maintains production in west texas . subsidiaries edit royalty trusts edit the company has formed 3 public royalty trusts sandridge permian trust nyse per owner of royalty interests in oil and natural gas properties in the central basin platform of the permian basin in andrews county texas . sandridge mississippian trust i nyse sdt owner of royalty interests in oil and natural gas properties in the mississippian formation in alfalfa garfield grant and woods counties in oklahoma . sandridge mississippian trust ii nyse sdr owner of royalty interests in oil and natural gas properties in the mississippian formation in alfalfa grant kay noble and woods counties in northern oklahoma and barber comanche harper and sumner counties in southern kansas . lariat services edit the company owns lariat services inc. an owner of drilling rigs . 2 history edit sandridge was founded in 2006 by tom l. ward by buying approximately 50 % of riata energy of amarillo texas . ward previously co founded chesapeake energy with aubrey mcclendon and was the chief operating officer of that company from 1989 until 1996 . 3 the company became a public company via an initial public offering on november 5 2007 selling over 28 million common shares . 4 on june 19 2013 after a series of missteps ceo tom l. ward was ousted by the board of the directors and james bennett became president and ceo . 5 bennett first joined the company in 2010 and previously worked at gso capital partners . 6 in 2014 the company sold its assets in the gulf of mexico for 750 million . 7 in 2015 the company acquired pinon gathering company owner of 370 miles of gathering lines which reduced sandridge s lease operating and gathering expense . 8 in 2015 the company acquired 136 000 net acres in the niobara shale formation for 190 million in cash . 9 on may 16 2016 sandridge energy inc. filed for chapter 11 bankruptcy protection references edit a b c d sandridge energy inc. updates shareholders on operations and reports financial results for third quarter and first nine months of 2015 pdf . november 4 2015 . lariat services tom ward of sandridge energy another ceo that s got to go . forbes . february 11 2013 . sandridge energy inc. prices initial public offering . prnewswire . november 5 2007 . sandridge energy board ousts founder tom ward . cnbc . june 19 2013 . sandridge management team sandridge to sell gulf of mexico business for 750 million . bloomberg . january 7 2014 . sandridge energy inc. announces acquisition of pinon gathering company llc . prnewswire . october 5 2015 . sandridge energy inc. acquires north park basin niobrara shale oil assets for 190 million in cash . prnewswire . november 4 2015 . external links edit official sandridge energy website v t e major corporations within the oklahoma city metropolitan area nyse listed chesapeake energy continental resources devon energy og e energy paycom sandridge energy tronox nasdaq listed bancfirst sonic drive in major private companies ackerman mcqueen american fidelity assurance braum s digital designs globe life and accident insurance company griffin communications hobby lobby love s travel stops midfirst bank the oklahoman taco mayo tyler media group law firms crowe & dunlevy retrieved from https en.wikipedia.org w index.php title sandridge energy inc. & oldid 744462419 categories oil companies of the united statesnatural gas companies of the united statespetroleum in oklahomacompanies based in oklahoma cityenergy companies established in 1984non renewable resource companies established in 19841984 establishments in oklahomacompanies listed on the new york stock exchangehidden categories pages using infobox company with unsupported parameters navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom 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