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Oil and gas company SandRidge Energy announces terms

October 4, 2007
SD

SandRidge Energy, an independent natural gas and oil company focused on West Texas, filed terms with the SEC Thursday for its upcoming IPO. The firm plans to offer 26 million shares, and the selling shareholders offering is yet to be determined. The shares will be offer to the public at a range of $22 to $24 per share. Lehman Brothers is the lead manager on the deal.