SD - SandRidge Energy: Projected To End 2024 With Over $250 Million In Cash
2024-04-08 06:03:57 ET
Summary
- SandRidge is projected to generate $69 million in free cash flow in 2024 at current strip prices.
- It is expected to pay out $72 million in dividends during 2024, including its special $1.50 per share dividend in February.
- The Company does not expect to drill new wells during 2024 and is guiding for roughly -14% total production growth and -24% oil production growth compared to 2023.
- Decline rates will be lower in future years if development remains paused.
- SD may be able to generate around $65 million in free cash flow in 2025, based on current strip prices. It is helped by natural gas prices that are $1 higher than in 2024.
SandRidge Energy ( SD ) is attempting to mitigate the production decline from its Mid-Con PDP assets. It finished its previous development program in Q2 2023 with the completion of two NW Stack wells and currently has no plans for drilling or completing any new wells in 2024....
SandRidge Energy: Projected To End 2024 With Over $250 Million In Cash