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SandRidge Energy (SD) has provided an announcement.
SandRidge Exploration and Production, LLC has acquired oil and gas assets from Upland Exploration, LLC and Upland Operating, LLC for $144 million, with adjustments post-closing. This strategic move, funded by cash reserves, is set to enhance SandRidge’s portfolio with the deal expected to finalize by late third quarter of 2024. The company has publicly announced the acquisition, signaling a significant step in its growth trajectory.
Find detailed analytics on SD stock on TipRanks’ Stock Analysis page.