SandRidge Energy is selling its Gulf of Mexico oil and gas holdings to private equity-backed Fieldwood Energy for $750 million in cash and the assumption of $370 million in liabilities. Thompson & Knight is advising Fieldwood on the deal, Simpson Thacher helped the company line up the necessary financing, and Vinson & Elkins is representing SandRidge.
January 07, 2014 at 06:25 PM
1 minute read
SandRidge Energy is pulling out of its offshore drilling venture.
The Oklahoma City–based oil and gas company said Tuesday it has agreed to sell its Gulf of Mexico energy assets to Fieldwood Energy, a portfolio company of private equity firm Riverstone Holdings, in a deal worth about $1.12 billion.
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