OKLAHOMA CITY, Jan. 28, 2019 /PRNewswire/ -- SandRidge Energy
(NYSE: SD) ("SandRidge" or the "Company") announced today that the
Board of Directors (the "Board") has appointed Paul D. McKinney as President and Chief
Executive Officer, effective January
29, 2019. Mr. McKinney succeeds the Company's current
President and Chief Executive Officer, Mr. William M. Griffin, who will continue to serve
on the SandRidge Board.
"On behalf of the board, we are excited to have Paul join the
team," said Mr. Griffin. "After an extensive search, we are
confident we have found a candidate with the leadership skill and
experience necessary to maximize value for our shareholders."
Mr. McKinney has thirty-five years of industry experience, most
recently having served as President and Chief Operating Officer of
Yuma Energy, Inc. Prior to joining Yuma in 2014, he held a
variety of leadership positions with Apache Corporation over a six
year period, including Vice President of their Gulf Coast Onshore
Region. Additionally, he was employed by Tristone Capital in
2007 as Vice President and Director of Acquisitions and
Divestitures. Mr. McKinney commenced his career in 1983 with
Anadarko Petroleum Corporation, advancing through a variety of
engineering and operations positions, ending his time there as
Vice-President of Reservoir Engineering for Anadarko Canada
Corporation. Mr. McKinney has a Bachelor of Science degree in
Petroleum Engineering and is published as a co-author with the
Society of Petroleum Engineers and privately on subjects focused on
advanced reservoir engineering methods.
"I am very excited to be joining SandRidge and honored to work
with the SandRidge team as we develop our plans for the future,"
Mr. McKinney commented. "The Company's asset base and
existing investment opportunities are impressive and have set
SandRidge up for organic growth. I look forward to developing
these exciting assets as well as pursuing the many opportunities
that exist in the market today."
Cautionary Statement Concerning Forward Looking
Statements
This communication contains "forward-looking
statements" "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. These
statements express a belief, expectation or intention and are
generally accompanied by words that convey projected future events
or outcomes. Such statements are often identified by use of the
words "expects," "believes," "will," "would," "could," "forecasts,"
"projections," "estimates," "targets," "opportunities,"
"potential," and other similar terminology. All statements, other
than statements of historical facts, included in this press release
that address activities, events or developments that SandRidge
expects, believes or anticipates will or may occur in the future
are forward-looking statements. Such statements are subject to a
number of assumptions, risks and uncertainties, including, but not
limited to: the volatility of oil, gas and natural gas liquids
("NGL") prices; uncertainties inherent in estimating oil, gas and
NGL reserves and resource potential; the uncertainties, costs and
risks involved in exploration and development activities;
regulatory restrictions, compliance costs and other risks relating
to governmental regulation; risk related to third party control
over non-operated properties; midstream capacity constraints and
potential interruptions in production, and other factors, many of
which are beyond our control. SandRidge cautions that the foregoing
list of factors is not exclusive. Additional information concerning
these and other risk factors is contained in SandRidge's public
filings with the SEC, which are available at the SEC's website,
http://www.sec.gov. Each forward-looking statement speaks only as
of the date of the particular statement, and SandRidge undertakes
no obligation to publicly update any of these forward-looking
statements to reflect events or circumstances that may arise after
the date hereof.
About SandRidge Energy, Inc.
SandRidge Energy, Inc.
(NYSE: SD) is an oil and natural gas exploration and production
company headquartered in Oklahoma City,
Oklahoma with its principal focus on developing high-return,
growth oriented projects in Oklahoma and Colorado. The majority of the Company's
production is generated from the Mississippi Lime formation in
Oklahoma and Kansas. Development activity is currently
focused on the Meramec formation in the NW STACK Play in
Oklahoma and multiple oil rich
Niobrara benches in the Colorado North Park Basin.
Investor Contact:
Johna
Robinson
Investor Relations
SandRidge Energy, Inc.
123 Robert S. Kerr Avenue Oklahoma City,
OK 73102
+1 (405) 429-5515
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SOURCE SandRidge Energy