The company lost
SandRidge managed to beat analysts' estimates for the first quarter with its adjusted net income of
SandRidge's total production dipped to 7.1 million barrels of equivalent, as winter weather hampered its efforts in northern
"We are well on our way to deliver the early part of our three-year growth plan introduced at our March analyst day," Bennett said. "Resumed normal weather conditions have us back on track, with recent activity offsetting the temporary extreme weather challenges in our first quarter Mid-Continent operations."
He said SandRidge produced an average of 55,000 barrels of oil equivalent a day in April, while bringing 45 new wells online.
The company completed 71 wells in the first quarter, when production averaged 51,000 barrels a day.
"We continue to advance our value initiatives such as the multi-lateral well programs, producing from multiple zones, and expanding our asset base as with the addition of
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