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SandRidge Energy Details 1Q 2014 Financial Results

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May 12, 2014

On May 7, SandRidge Energy Inc. (NYSE: SD) detailed its financial results for first-quarter 2014, which ended March 31.

Over the quarter, revenues from oil and natural gas decreased 15% to $405 million, down from $478 in first-quarter 2013, the company said. This was due to a 21% overall decrease in production, which in turn was due to divestitures in the Gulf of Mexico and Permian Basin, the company said. Those divestitures closed in first-quarter 2014 and first-quarter 2013, SandRidge noted.

Regarding commodities, reported prices were higher in first-quarter 2014 ...

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