Thursday, February 2, 2012

SandRidge – Dynamic deal inline with past transactions

SandRidge Energy Inc will acquire Dynamic Offshore Resources for $1.275 billion. Dynamic’s assets include low operating cost, mature fields (R/P~7 years, 80% developed).

SandRidge will pay $51,000/Daily BOE which is inline with some of the larger deals in the region, viz. Energy XXI-ExxonMobil valued at $44,720/Daily BOE and Apache-Devon valued at $36,696/Daily BOE. Continue reading here..

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