SandRidge Energy sells its Gulf of Mexico portfolio to Fieldwood Energy for US$750 million
Fieldwood Energy has reinforced its position as the largest producer in the Gulf of Mexico Shelf, with a sizeable acquisition from SandRidge Energy. Fieldwood will pay US$750 million for an interest in over 150 blocks, with average daily production of 23,500 boe/d. The deal comes only months after Fieldwood began operating in the Shelf, following its July 2013 purchase of Apache's entire GoM Shelf portfolio. SandRidge owned the majority of the divested assets for less than two years, ...