SandRidge Energy: March Well Results Show Improvement
- Following weak well results in Oklahoma in January-February, SandRidge posted much stronger wells in March.
- The average test rate for the Q1 Well Sample in Oklahoma has improved and is now in-line with Q4 2013.
- The probability of a weak production report for Q1 is nonetheless high due the expected quarter-on-quarter well count decline and high percentage of weaker wells in January-February.
- However, if such weakness indeed manifests itself, it should not be by perceived as a deterioration in well performance.