Sandridge Energy, Inc. Announces Executive Changes
July 13, 2021 at 04:29 pm EDT
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SandRidge Energy, Inc. announced that Carl Giesler, Jr. has resigned as President and a member of the Board of Directors for the company (the "Board") in order to pursue another career opportunity. Mr. Giesler's resignation will be effective July 16, 2021, and is not the result of any disagreement with the Company or any matter relating to the Company's operations, policies or practices. The Board has appointed Grayson Pranin, the Company's current Senior Vice President and Chief Operating Officer, to serve as President and Chief Operating Officer. For the past 10 years, Mr. Pranin has served in various engineering, operational and leadership roles at the Company. Further, Mr. Pranin's appointment represents a continuation of the Board and the Company's focus on maximizing cash flow. Mr. Pranin held a significant role in right sizing the Company's cost structure and operations during his tenure.
SandRidge Energy, Inc. is an independent oil and gas company engaged in the development, acquisition and production of oil and gas assets. The Companyâs primary area of operations is the Mid-Continent region in Oklahoma and Kansas. Its primary operations are the production, development, and acquisition of hydrocarbon resources. The Company holds interests in about 1,453 gross (849 net) producing wells, approximately 958 of which it operates, and 548,895 gross (364,201 net) total acres under lease. Its productive wells consist of wells that are producing hydrocarbons. The Company sells its oil, natural gas, and natural gas liquids (NGLs) to a variety of customers, including oil and natural gas companies and trading and energy marketing companies. The Companyâs subsidiaries include SandRidge Exploration and Production, LLC, SandRidge Holdings, Inc., SandRidge Midstream, Inc., SandRidge Operating Company, and SandRidge Realty, LLC.
SANDRIDGE ENERGY, INC. 
