David J. Kornder Not to Stand for Re-Election to the Board of Sandridge Energy, Inc
March 29, 2019 at 04:16 pm EDT
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On March 25, 2019, Sandridge Energy, Inc. received notice from Mr. David J. Kornder, a member of the Company’s Board of Directors, of his determination not to stand for re-election to the Board at the Company’s 2019 Annual Meeting of Stockholders (the “Annual Meeting”). Mr. Kornder notified the Company of his intention to serve on the Board through the remainder of his term, which expires at the close of the Annual Meeting. His decision to not stand for re-election was not due to any disagreement with Company.
SandRidge Energy, Inc. is an independent oil and gas company engaged in the development, acquisition and production of oil and gas assets. The Companyâs primary area of operations is the Mid-Continent region in Oklahoma and Kansas. Its primary operations are the production, development, and acquisition of hydrocarbon resources. The Company holds interests in about 1,453 gross (849 net) producing wells, approximately 958 of which it operates, and 548,895 gross (364,201 net) total acres under lease. Its productive wells consist of wells that are producing hydrocarbons. The Company sells its oil, natural gas, and natural gas liquids (NGLs) to a variety of customers, including oil and natural gas companies and trading and energy marketing companies. The Companyâs subsidiaries include SandRidge Exploration and Production, LLC, SandRidge Holdings, Inc., SandRidge Midstream, Inc., SandRidge Operating Company, and SandRidge Realty, LLC.