M&A Deal Summary

SandRidge Energy Acquires Arena Resources

On April 4, 2010, SandRidge Energy acquired oil/gas exploration company Arena Resources

Acquisition Highlights
  • This is SandRidge Energy’s 1st transaction in the Oil/Gas Exploration sector.
  • This is SandRidge Energy’s 1st transaction in the United States.
  • This is SandRidge Energy’s 1st transaction in Oklahoma.

M&A Deal Summary

Date 2010-04-04
Target Arena Resources
Sector Oil/Gas Exploration
Buyer(s) SandRidge Energy
Deal Type Add-on Acquisition
Advisor(s) SunTrust Robinson Humphrey, Inc.
Tudor, Pickering, Holt & Co., LLC (Financial)
Johnson & Jones (Legal)

Target

Arena Resources

Tulsa, Oklahoma, United States
Arena Resources, Inc. is an oil and gas exploration, development and production company.

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Buyer(S) 1

Buyer

SandRidge Energy

Oklahoma City, Oklahoma, United States

Category Company
Founded 2006
Sector Oil/Gas Exploration
Employees102
Revenue 149M USD (2023)
DESCRIPTION

SandRidge Energy is an oil exploration and production company. SandRidge’s drilling activities are focused on its oil properties in the Mid-Continent and Permian Basin. SandRidge Energy was founded in 2006 and is based in Oklahoma City.


DEAL STATS #
Overall 1 of 4
Sector (Oil/Gas Exploration) 1 of 4
Type (Add-on Acquisition) 1 of 4
State (Oklahoma) 1 of 1
Country (United States) 1 of 4
Year (2010) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-03 Dynamic Offshore Resources

Houston, Texas, United States

Dynamic Offshore Resources LLC is a provider of oil and gas exploration services in US.

Buy $1.3B