It's been a while since they have said anything.......
I'm tired of buying opportunities. This POS needs to start moving up for a change. It seems like everything else is going up but SD! Even MHR is kicking #$%$.
Maybe that the Bullwinkle platform is nearby with takeaway/processing capacity would save money? Love to hear there is alot of oil under that old salt.............
I live in Jacksonville, ,FL and its getting in the 40's Tuesday and that's cold for us.
I thought the CC was really good and very positive. Yes, Woodford results weren't good but they were from a total of 3 wells. SD management said the Woodford is still very promising but they have to get the drilling perfected in that play. If they do get it right it's a game changer since the Woodford pretty much covers all of the Miss.
SandRidge Energy, Inc. (NYSE: SD) today reported financial and operational results for the quarter and nine months ended September 30, 2013 and provided an update on the execution of its 2013 development plan.
James Bennett, SandRidge's Chief Executive Officer and President, commented, "Over the last couple of quarters, we have pursued several key themes operationally - being more efficient with our capital, consistent Mississippian production growth, reducing our costs, and identifying new opportunities. We believe we are hitting the mark on all of these. Through successful high grading efforts and operational improvements, we have increased Mississippian production from the second quarter even while reducing our rig count by 15%, again delivering more production for less capital. As a result, we are increasing full year production guidance for the second quarter in a row without increasing budgeted capital expenditures and while continuing to lower other expenses. As our Mississippian rig count ramps back up over the next few quarters, we are confident that we will be able to grow production there by approximately 35% in 2014, which will contribute to 12% year-over-year organic growth for the company and tangible organic cash flow growth. Finally, the inventory of new opportunities within our Mid-Continent asset base continues to expand as we identify new formations and stacked pays and see encouraging results in our appraisal areas."
Ward aka Thief's severance pay was included in the previous qtr. I think the numbers will be good this qtr with the wildcard being: Good news with the Woodford stacked play, positive results from the new gulf well, possible settlement with Oxy & the Century plant.
Said he sell other assets before the pipeline since it's turning into a money maker.
It has been a painful journey......I think we go up from here . Let's hope the Woodford has a good stacked play!