CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands |
Sep. 30, 2016 |
Dec. 31, 2015 |
| Current assets |
|
|
| Cash and cash equivalents |
$ 652,680
|
$ 435,588
|
| Accounts receivable, net |
61,446
|
127,387
|
| Derivative contracts |
10,192
|
84,349
|
| Prepaid expenses |
12,514
|
6,833
|
| Other current assets |
1,003
|
19,931
|
| Total current assets |
737,835
|
674,088
|
| Oil and natural gas properties, using full cost method of accounting |
|
|
| Proved |
12,093,492
|
12,529,681
|
| Unproved |
322,580
|
363,149
|
| Less: accumulated depreciation, depletion and impairment |
(11,637,538)
|
(11,149,888)
|
| Net oil and natural gas properties capitalized costs |
778,534
|
1,742,942
|
| Other property, plant and equipment, net |
357,528
|
491,760
|
| Derivative contracts |
70
|
0
|
| Other assets |
12,537
|
13,237
|
| Total assets |
1,886,504
|
2,922,027
|
| Current liabilities |
|
|
| Accounts payable and accrued expenses |
140,448
|
428,417
|
| Derivative contracts |
2,982
|
573
|
| Asset retirement obligations |
8,573
|
8,399
|
| Total current liabilities |
152,003
|
437,389
|
| Long-term debt |
0
|
3,562,378
|
| Derivative contracts |
935
|
0
|
| Asset retirement obligations |
62,896
|
95,179
|
| Other long-term obligations |
3
|
14,814
|
| Liabilities subject to compromise |
4,346,188
|
0
|
| Total liabilities |
4,562,025
|
4,109,760
|
| Commitments and contingencies (Note 8) |
|
|
| Preferred stock, $0.001 par value, 50,000 shares authorized |
|
|
| Common stock, $0.001 par value; 1,800,000 shares authorized; 720,936 issued and 719,425 outstanding at September 30, 2016 and 635,584 issued and 633,471 outstanding at December 31, 2015 |
718
|
630
|
| Additional paid-in capital |
5,315,655
|
5,301,136
|
| Additional paid-in capital—stockholder receivable |
(1,250)
|
(1,250)
|
| Treasury stock, at cost |
(5,218)
|
(5,742)
|
| Accumulated deficit |
(7,985,411)
|
(6,992,697)
|
| Total SandRidge Energy, Inc. stockholders’ deficit |
(2,675,500)
|
(1,697,917)
|
| Noncontrolling interest |
(21)
|
510,184
|
| Total stockholders’ deficit |
(2,675,521)
|
(1,187,733)
|
| Total liabilities and stockholders’ deficit |
1,886,504
|
2,922,027
|
| 8.5% Convertible perpetual preferred stock; 2,650 shares issued and outstanding at September 30, 2016 and December 31, 2015; aggregate liquidation preference of $265,000 |
|
|
| Preferred stock, $0.001 par value, 50,000 shares authorized |
|
|
| Preferred stock |
3
|
3
|
| 7.0% Convertible perpetual preferred stock; 2,597 shares issued and outstanding at September 30, 2016; aggregate liquidation preference of $259,700; 2,770 shares issued and outstanding at December 31, 2015; aggregate liquidation preference of $277,000 |
|
|
| Preferred stock, $0.001 par value, 50,000 shares authorized |
|
|
| Preferred stock |
$ 3
|
$ 3
|