SandRidge Energy Increases Its Oil Production By 25% In Q3 2022

Nov. 04, 2022 2:14 AM ETSandRidge Energy, Inc. (SD)6 Comments

Summary

  • SandRidge maintained total production at Q2 2022 levels in Q3 2022 while increasing its oil production by around 25%.
  • This is due to its new NW Stack wells, which should also continue to boost oil production in Q3 2022.
  • SandRidge now has $241 million in cash which it may use to help acquire PDP assets.
  • Weaker commodity prices may reduce its free cash flow in Q4 2022 compared to Q3 2022.
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Oil pump, oil industry equipment

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SandRidge Energy's (NYSE:SD) new NW Stack wells have performed as expected, helping boost its Q3 2022 oil production around 25% above Q2 2022 levels (while keeping total production flat). SandRidge's oil production should increase further in Q4 2022, although its free

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