Business

December 27, 2011 5:00 AM

SandRidge Energy trades land for financing to push development of Kansas oil fields

SandRidge Energy, which has become one of the biggest oil prospectors and producers in Kansas in the last two years, has traded some of its production in exchange for $1 billion in financing to develop its extensive land holdings in northern Oklahoma and southern Kansas, an area called the Mississippian Limestone play.

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