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  • The Wall Street Journal16 days ago

    [$$] SandRidge Wins Confirmation of Debt-Swap Plan

    Oil and gas driller SandRidge Energy Inc. has won court approval of a restructuring plan that slashes $3.7 billion from its books and puts the company in the hands of a group of bondholders.

  • Reuters19 days ago

    SandRidge overcomes shareholder fight to exit bankruptcy

    SandRidge Energy Inc (SDOCQ.PK) won court approval for a plan to exit bankruptcy on Friday, overcoming opposition from shareholders who had accused the oil and gas producer of misrepresenting its value. U.S. Bankruptcy Judge David Jones said he read every letter he received from individual shareholders, some of whom lost their entire savings, when SandRidge filed a prepackaged bankruptcy in May with $4.4 billion of debt. "I have spent more time than anyone will ever know agonizing over this issue," Jones said in Houston bankruptcy court after confirming SandRidge's reorganization plan.

  • The Wall Street Journal26 days ago

    [$$] Corrigan's Take: SandRidge, Halcón to Seek Final Word on Restructuring

    The bankruptcy courts are off for Labor Day, but companies will be back on Tuesday.