Dec 19- SandRidge Energy Inc said it will sell its Permian Basin properties in west Texas to privately held oil and gas company Sheridan Production Partners for $2.6 billion. But investors seemed to have since warmed to the deal, sending the company's shares up more than 7 percent to $7.00 in after market trading.
Dec 19- SandRidge Energy Inc said it will sell its Permian Basin properties in Texas to privately held oil and gas company Sheridan Production Partners for $2.6 billion. Last month, SandRidge had said it was exploring the sale of these assets.
*SandRidge shares rise 4.4 percent. SandRidge Energy has come under fire this month from large shareholders TPG-Axon and Mount Kellett Capital Management who, citing the company's long-term underperformance, are demanding significant changes including the ouster of SandRidge Chief Executive Tom Ward.
Nov 30- A large investor in SandRidge Energy Inc is soliciting support from other shareholders to replace the company's board of directors, citing poor management of the U.S. oil and gas company. Mount Kellett Capital Management, which owns about 4.5 percent of the company, has also urged the ouster of Ward.
Nov 30- A large investor in SandRidge Energy Inc is again calling for the oil and gas company to consider selling itself or significantly restructuring operations to boost the stock price.