U.S. Markets open in 7 hrs 28 mins

TPG-Axon says website details SandRidge related-party land deals

TPG-Axon, beneficial owner of 6.7% of the outstanding shares of SandRidge Energy, announced that a presentation detailing the scope of SandRidge’s related-party land transactions has been posted online. The presentation outlines numerous instances where entities affiliated with Tom Ward’s family have been active in acquiring acreage and mineral rights ahead of the company, and in many instances flipping the rights to SandRidge just weeks or months later, TPG-Axon said.