SandRidge acquires Cherokee Play assets for $65M, adding 3.0 MBoed production

Filed June 29, 2026 · Period ending June 26, 2026 · ~1 min read

Key Changes

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  SandRidge subsidiary acquiring oil and gas assets in Cherokee Play for $65M cash plus up to $6M in WTI price-linked earn-outs through Dec 2027, adding ~3.0 MBoed production (43% oil) and 7,000 net acres offsetting current operations.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
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  Transaction expected to be immediately accretive to production, EBITDA, and free cash flow, increasing SandRidge's liquids mix on a pro forma basis.

  Exhibit 99.1 verify on EDGAR →
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  Acquisition includes interests in 21 wells and eight proven development locations, directly offsetting SandRidge's current drilling and leasing programs in the Mid-Continent region.

  Exhibit 99.1 verify on EDGAR →