This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

SandRidge's CEO Discusses Q2 2012 Results - Earnings Call Transcript

Stocks in this article: SDR

Natural gas prices for the period were also below our assumptions. The trust realized the price of $1.80 per Mcf which was approximately 20% lower than the assumed realized price of $2.25 per Mcf. All sales excluding realized hedges made up about 82% of the total revenues while natural gas sales contribute approximately 14%. The (inaudible) hedges contribute about $1.2 million and made up around 5% of the total revenues for the period. This concludes our prepared remarks and I will now turn the call over for questions.

Question-and-Answer Session



Operator

(Operator Instructions) Your first question comes from the line of John Ragozzino of RBC Capital Markets, please proceed.

John Ragozzino - RBC Capital Markets

Good morning gentlemen.

Tom Ward

Good morning.

John Ragozzino - RBC Capital Markets

When you’re looking at the play as a whole, I was kind of leading to some more comments on (inaudible), can you just comment on the availability of services and cost trends there, with given the activity level of your understanding?

Tom Ward

Yeah, in the play as the whole and also in relation to these trusts, the services have actually been very stable in trending down in the past year, both on the drilling side and on the hydroelectric action side. There is no shortage of services here.

John Ragozzino - RBC Capital Markets

Okay, are there any other potential hurdles that you might be keeping your eye on in the out years, be then infrastructure, logistical or anything else.

Tom Ward

None, that we see at this time.

John Ragozzino - RBC Capital Markets

And you gave an update with the release last week or so, on terms of the inventory and how far along you were with the drilling. Can you just give us some current update in terms of where we are today?

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

3 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,678.70 +6.10 0.03%
S&P 500 2,057.09 +5.27 0.26%
NASDAQ 4,771.7630 +13.8840 0.29%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs