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SandRidge Energy Management Discusses Q2 2012 Results - Earnings Call Transcript

Stocks in this article: SD

We also have optimism about our extension acreage in Western Kansas, where we control nearly 900,000 net acres and where there have been more than 7,000 vertical Mississippian producers drilled. We are now drilling oil wells in the extension portion of the play with 3 rigs. And we'll know more about the results by the end of this year.

The second quarter was very good from a production standpoint. It seems that every operator believes investors only care about the large producers in each field. We do continue to have high initial production wells, but that's not the driver behind our growth. For example, we mentioned in the press release that during the second quarter, we completed 5 Mississippian wells that produce more than 1,000 barrels of oil equivalent for 30 days. They actually average 2,000 barrels a day. However, it's more important to note that we completed 90 wells that drove our production increase.

Read the rest of this transcript for free on seekingalpha.com

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