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US: SandRidge is target of antitrust grand jury probe

By  |  May 10, 2015

SandRidge Energy is the target of a federal grand jury probe concerning violations of antitrust law related to the leasing of oil and gas properties, the company said in a regulatory filing on Thursday.

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    The Oklahoma City, Oklahoma-based company said the transactions subject to the government’s inquiry date from 2012 and prior years, according to the filing with the U.S. Securities and Exchange Commission.

    “We are taking the matter very seriously and continue to work with the DOJ in the course of the investigation, Jeff Wilson, a vice president of government and public affairs at SandRidge, said.

    SandRidge was told on April 7 by the U.S. Department of Justice that it is a target of an Oklahoma grand jury, the filing said.

     

    Full content: Reuters

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