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Natural gas prices have decreased sharply, reducing SandRidge's projected free cash flow as its production is over 50% natural gas. It also has a limited amount of hedges, with around 20% of its Q1 2023 natural gas production hedged and nothing reported beyond that.
SandRidge resumes oil production growth after years of declines. The company's net cash position continues to grow.
SandRidge Energy, Inc. (NYSE:SD ) Q3 2022 Results Conference Call November 3, 2022 11:00 AM ET Company Participants Scott Prestridge - Director, Finance and Investor Relations Grayson Pranin - President, CEO & COO Salah Gamoudi - EVP, CFO & CAO Dean Parrish - SVP of Operations Conference Call Participants Josh Young - Bison Jeff Robertson - Water Tower Research Harvey Sax - Alpha Wealth Funds Operator Ladies and gentlemen, thank you for standing by, and welcome to the Q3 2022 SandRidge Energy Conference call. At this time, our all lines are in a listen-only mode.
OKLAHOMA CITY , Oct. 28, 2022 /PRNewswire/ -- SandRidge Energy, Inc. (the "Company" or "SandRidge") (NYSE: SD) today announced plans to release third quarter 2022 operational and financial results after the close of trading on Wednesday, November 2, 2022. SandRidge will host a conference call on Thursday, November 3, 2022 at 10:00 a.m.
SandRidge increased its NW Stack development plan for 2022 from 9 to 12 wells. The increased spending trims 2H 2022 free cash flow projections a bit, but it should still end 2022 with around $289 million in cash.
SandRidge Energy, Inc. (NYSE:SD ) Q2 2022 Earnings Conference Call August 4, 2022 11:00 AM ET Company Participants Scott Prestridge - Director, Finance and Investor Relations Grayson Pranin - President, CEO & COO Salah Gamoudi - EVP, CFO & CAO Conference Call Participants Joshua Young - Bison Interests Jeffrey Robertson - Water Tower Research Operator Greetings, and welcome to the Second Quarter 2022 SandRidge Energy Conference Call. [Operator Instructions].
OKLAHOMA CITY , July 29, 2022 /PRNewswire/ -- SandRidge Energy, Inc. (the "Company" or "SandRidge") (NYSE: SD) today announced plans to release second quarter 2022 operational and financial results after the close of trading on Wednesday, August 3, 2022. SandRidge will host a conference call on Thursday, August 4, 2022 at 10:00 a.m.
The energy sector, along with oil prices, is in technical bear market territory as economic growth worries spook investors. SandRidge Energy rallied from under $1 to almost $30 in just over two years, but then crashed 50% in a month.
Henry Hub strip has reached over $8 for 2H 2022. This may allow SandRidge to realize $7 for its natural gas in that period. This is contributing to projections for SandRidge to generate $163 million in positive cash flow in 2022 at current strip.
SandRidge Energy, Inc. (NYSE:SD ) Q1 2022 Earnings Conference Call May 5, 2022 11:00 AM ET Company Participants Scott Prestridge – Director of Finance and Investor Relations Grayson Pranin – Chief Executive Officer and Chief Operating Officer Salah Gamoudi – Executive Vice President and Chief Financial Officer Conference Call Participants Joshua Young – Bison Interests Operator Good morning. My name is Julian, and I'll be your conference operator today.