Friday, November 22, 2024

SandRidge No Longer a DoJ Antitrust Target

Posted by April 15, 2016

Oil and gas producer SandRidge Energy Inc (SDRXP.PK) said on Friday the company is no longer a target of a federal grand jury probe concerning violations of antitrust law related to the leasing of oil and gas properties.

The Oklahoma-based company had said in May the transactions subject to the government's inquiry date from 2012 and prior years.

The U.S. Department of Justice notified the company of the end of the probe on Thursday, the company said in a regulatory filing.


Reporting by Amrutha Gayathri

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