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SandRidge marks $274.81 million operating loss for May 16 to June 30
By Caroline Salls
Pittsburgh, July 22 – SandRidge Energy, Inc. reported a $274.81 million loss from operations for the period of May 16 through June 30 on $51.4 million in revenue, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the Southern District of Texas.
The net loss for the period was $466.53 million.
In addition, SandRidge had $634.17 million in cash and cash equivalents as of June 30.
SandRidge, an oil and natural gas company based in Oklahoma City, filed for bankruptcy on May 16. The Chapter 11 case number is 16-32488.
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