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Condensed Consolidating Financial Information (Tables) | 3 Months Ended
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Mar. 31, 2014
Condensed Consolidating Financial Statements Disclosure [Abstract] |
Schedule of Condensed Cash Flow Revisions for Prior Periods | Net cash provided by (used in) operating activities increased (decreased) and net cash provided by (used in) financing activities decreased (increased) by the same amount as shown in the table below for the historical three-month period ended March 31, 2013.
|  | Three Months Ended March 31, 2013
|  | (In thousands)
Parent |  | $ | (2,287,259 | )
Guarantors |  | $ | 2,297,970 |
Non-Guarantors |  | $ | (10,711 | )
Unaudited Condensed Consolidating Balance Sheets of SandRidge Energy, Inc. and Wholly Owned Subsidiary Guarantors and Non-Guarantors | Condensed Consolidating Balance Sheets
| March 31, 2014
| Parent |  | Guarantors |  | Non-Guarantors |  | Eliminations |  | Consolidated
| (In thousands)
ASSETS |  |  |  |  |  |  |  |  |
Current assets |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 1,170,581 |  |  | $ | 1,527 |  |  | $ | 7,536 |  |  | $ | — |  |  | $ | 1,179,644 |
Accounts receivable, net | — |  |  | 270,092 |  |  | 23,673 |  |  | — |  |  | 293,765 |
Intercompany accounts receivable | 56,521 |  |  | 1,351,683 |  |  | 59,095 |  |  | (1,467,299 | ) |  | — |
Derivative contracts | — |  |  | 5,702 |  |  | 9,986 |  |  | (6,686 | ) |  | 9,002 |
Prepaid expenses | — |  |  | 13,509 |  |  | 58 |  |  | — |  |  | 13,567 |
Other current assets | 1,375 |  |  | 28,470 |  |  | 122 |  |  | — |  |  | 29,967 |
Total current assets | 1,228,477 |  |  | 1,670,983 |  |  | 100,470 |  |  | (1,473,985 | ) |  | 1,525,945 |
Property, plant and equipment, net | — |  |  | 4,184,730 |  |  | 1,121,873 |  |  | (54,377 | ) |  | 5,252,226 |
Investment in subsidiaries | 5,172,020 |  |  | (123,181 | ) |  | — |  |  | (5,048,839 | ) |  | — |
Derivative contracts | — |  |  | 18,048 |  |  | 4,471 |  |  | (4,471 | ) |  | 18,048 |
Other assets | 66,550 |  |  | 21,367 |  |  | 23 |  |  | (5,902 | ) |  | 82,038 |
Total assets | $ | 6,467,047 |  |  | $ | 5,771,947 |  |  | $ | 1,226,837 |  |  | $ | (6,587,574 | ) |  | $ | 6,878,257 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |
Current liabilities |  |  |  |  |  |  |  |  |
Accounts payable and accrued expenses | $ | 157,676 |  |  | $ | 420,902 |  |  | $ | 3,186 |  |  | $ | — |  |  | $ | 581,764 |
Intercompany accounts payable | 1,355,653 |  |  | 72,335 |  |  | 38,831 |  |  | (1,466,819 | ) |  | — |
Derivative contracts | — |  |  | 20,861 |  |  | — |  |  | (6,686 | ) |  | 14,175 |
Other current liabilities | 6,987 |  |  | 9,480 |  |  | — |  |  | — |  |  | 16,467 |
Total current liabilities | 1,520,316 |  |  | 523,578 |  |  | 42,017 |  |  | (1,473,505 | ) |  | 612,406 |
Long-term debt | 3,200,938 |  |  | — |  |  | — |  |  | (5,902 | ) |  | 3,195,036 |
Derivative contracts | — |  |  | 4,471 |  |  | — |  |  | (4,471 | ) |  | — |
Asset retirement obligations | — |  |  | 53,103 |  |  | — |  |  | — |  |  | 53,103 |
Other long-term obligations | 1,398 |  |  | 18,775 |  |  | — |  |  | — |  |  | 20,173 |
Total liabilities | 4,722,652 |  |  | 599,927 |  |  | 42,017 |  |  | (1,483,878 | ) |  | 3,880,718 |
Equity |  |  |  |  |  |  |  |  |
SandRidge Energy, Inc. stockholders’ equity | 1,744,395 |  |  | 5,172,020 |  |  | 1,184,820 |  |  | (6,411,697 | ) |  | 1,689,538 |
Noncontrolling interest | — |  |  | — |  |  | — |  |  | 1,308,001 |  |  | 1,308,001 |
Total equity | 1,744,395 |  |  | 5,172,020 |  |  | 1,184,820 |  |  | (5,103,696 | ) |  | 2,997,539 |
Total liabilities and equity | $ | 6,467,047 |  |  | $ | 5,771,947 |  |  | $ | 1,226,837 |  |  | $ | (6,587,574 | ) |  | $ | 6,878,257 |
| December 31, 2013
| Parent |  | Guarantors |  | Non-Guarantors |  | Eliminations |  | Consolidated
| (In thousands)
ASSETS |  |  |  |  |  |  |  |  |
Current assets |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 805,505 |  |  | $ | 1,013 |  |  | $ | 8,145 |  |  | $ | — |  |  | $ | 814,663 |
Accounts receivable, net | — |  |  | 326,345 |  |  | 22,873 |  |  | — |  |  | 349,218 |
Intercompany accounts receivable | 153,325 |  |  | 982,524 |  |  | 70,107 |  |  | (1,205,956 | ) |  | — |
Derivative contracts | — |  |  | 7,796 |  |  | 14,748 |  |  | (9,765 | ) |  | 12,779 |
Prepaid expenses | — |  |  | 39,165 |  |  | 88 |  |  | — |  |  | 39,253 |
Other current assets | 1,376 |  |  | 24,410 |  |  | 124 |  |  | — |  |  | 25,910 |
Total current assets | 960,206 |  |  | 1,381,253 |  |  | 116,085 |  |  | (1,215,721 | ) |  | 1,241,823 |
Property, plant and equipment, net | — |  |  | 5,181,128 |  |  | 1,182,132 |  |  | (55,585 | ) |  | 6,307,675 |
Investment in subsidiaries | 5,237,057 |  |  | (102,848 | ) |  | — |  |  | (5,134,209 | ) |  | — |
Derivative contracts | — |  |  | 12,650 |  |  | 9,585 |  |  | (8,109 | ) |  | 14,126 |
Other assets | 61,923 |  |  | 65,123 |  |  | 27 |  |  | (5,902 | ) |  | 121,171 |
Total assets | $ | 6,259,186 |  |  | $ | 6,537,306 |  |  | $ | 1,307,829 |  |  | $ | (6,419,526 | ) |  | $ | 7,684,795 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |
Current liabilities |  |  |  |  |  |  |  |  |
Accounts payable and accrued expenses | $ | 207,572 |  |  | $ | 601,074 |  |  | $ | 3,842 |  |  | $ | — |  |  | $ | 812,488 |
Intercompany accounts payable | 967,365 |  |  | 180,910 |  |  | 57,018 |  |  | (1,205,293 | ) |  | — |
Derivative contracts | — |  |  | 44,032 |  |  | — |  |  | (9,765 | ) |  | 34,267 |
Asset retirement obligations | — |  |  | 87,063 |  |  | — |  |  | — |  |  | 87,063 |
Total current liabilities | 1,174,937 |  |  | 913,079 |  |  | 60,860 |  |  | (1,215,058 | ) |  | 933,818 |
Long-term debt | 3,200,809 |  |  | — |  |  | — |  |  | (5,902 | ) |  | 3,194,907 |
Derivative contracts | — |  |  | 28,673 |  |  | — |  |  | (8,109 | ) |  | 20,564 |
Asset retirement obligations | — |  |  | 337,054 |  |  | — |  |  | — |  |  | 337,054 |
Other long-term obligations | 1,382 |  |  | 21,443 |  |  | — |  |  | — |  |  | 22,825 |
Total liabilities | 4,377,128 |  |  | 1,300,249 |  |  | 60,860 |  |  | (1,229,069 | ) |  | 4,509,168 |
Equity |  |  |  |  |  |  |  |  |
SandRidge Energy, Inc. stockholders’ equity | 1,882,058 |  |  | 5,237,057 |  |  | 1,246,969 |  |  | (6,540,274 | ) |  | 1,825,810 |
Noncontrolling interest | — |  |  | — |  |  | — |  |  | 1,349,817 |  |  | 1,349,817 |
Total equity | 1,882,058 |  |  | 5,237,057 |  |  | 1,246,969 |  |  | (5,190,457 | ) |  | 3,175,627 |
Total liabilities and equity | $ | 6,259,186 |  |  | $ | 6,537,306 |  |  | $ | 1,307,829 |  |  | $ | (6,419,526 | ) |  | $ | 7,684,795 |
Unaudited Condensed Consolidating Statements of Operations of SandRidge Energy, Inc. and Wholly Owned Subsidiary Guarantors and Non-Guarantors | Condensed Consolidating Statements of Operations
| Parent |  | Guarantors |  | Non-Guarantors |  | Eliminations |  | Consolidated
| (In thousands)
Three Months Ended March 31, 2014 |  |  |  |  |  |  |  |  |
Total revenues | $ | — |  |  | $ | 379,050 |  |  | $ | 64,093 |  |  | $ | (87 | ) |  | $ | 443,056 |
Expenses |  |  |  |  |  |  |  |  |
Direct operating expenses | — |  |  | 130,264 |  |  | 4,810 |  |  | (270 | ) |  | 134,804 |
General and administrative | 148 |  |  | 36,947 |  |  | 1,443 |  |  | — |  |  | 38,538 |
Depreciation, depletion, amortization and accretion | — |  |  | 120,577 |  |  | 15,876 |  |  | — |  |  | 136,453 |
Impairment | — |  |  | 122,466 |  |  | 42,313 |  |  | — |  |  | 164,779 |
Loss on derivative contracts | — |  |  | 34,102 |  |  | 8,389 |  |  | — |  |  | 42,491 |
Total expenses | 148 |  |  | 444,356 |  |  | 72,831 |  |  | (270 | ) |  | 517,065 |
Loss from operations | (148 | ) |  | (65,306 | ) |  | (8,738 | ) |  | 183 |  |  | (74,009 | )
Equity earnings from subsidiaries | (65,038 | ) |  | (2,777 | ) |  | — |  |  | 67,815 |  |  | — |
Interest (expense) income | (62,186 | ) |  | 143 |  |  | — |  |  | — |  |  | (62,043 | )
Loss on sale of subsidiary | — |  |  | (3,282 | ) |  | — |  |  | 3,282 |  |  | — |
Other income, net | — |  |  | 6,184 |  |  | 1 |  |  | (4,091 | ) |  | 2,094 |
Loss before income taxes | (127,372 | ) |  | (65,038 | ) |  | (8,737 | ) |  | 67,189 |  |  | (133,958 | )
Income tax expense | 17 |  |  | — |  |  | 110 |  |  | — |  |  | 127 |
Net loss | (127,389 | ) |  | (65,038 | ) |  | (8,847 | ) |  | 67,189 |  |  | (134,085 | )
Less: net loss attributable to noncontrolling interest | — |  |  | — |  |  | — |  |  | (6,070 | ) |  | (6,070 | )
Net loss attributable to SandRidge Energy, Inc. | $ | (127,389 | ) |  | $ | (65,038 | ) |  | $ | (8,847 | ) |  | $ | 73,259 |  |  | $ | (128,015 | )
| Parent |  | Guarantors |  | Non-Guarantors |  | Eliminations |  | Consolidated
| (In thousands)
Three Months Ended March 31, 2013 |  |  |  |  |  |  |  |  |
Total revenues | $ | — |  |  | $ | 440,318 |  |  | $ | 77,536 |  |  | $ | (6,164 | ) |  | $ | 511,690 |
Expenses |  |  |  |  |  |  |  |  |
Direct operating expenses | — |  |  | 163,611 |  |  | 12,241 |  |  | (5,792 | ) |  | 170,060 |
General and administrative | 87 |  |  | 76,819 |  |  | 2,970 |  |  | (432 | ) |  | 79,444 |
Depreciation, depletion, amortization and accretion | — |  |  | 159,889 |  |  | 22,752 |  |  | — |  |  | 182,641 |
Loss on derivative contracts | — |  |  | 30,900 |  |  | 9,997 |  |  | — |  |  | 40,897 |
Loss on sale of assets | — |  |  | 290,956 |  |  | 107,218 |  |  | — |  |  | 398,174 |
Total expenses | 87 |  |  | 722,175 |  |  | 155,178 |  |  | (6,224 | ) |  | 871,216 |
Loss from operations | (87 | ) |  | (281,857 | ) |  | (77,642 | ) |  | 60 |  |  | (359,526 | )
Equity earnings from subsidiaries | (306,884 | ) |  | (26,641 | ) |  | — |  |  | 333,525 |  |  | — |
Interest (expense) income | (86,103 | ) |  | 192 |  |  | 1 |  |  | — |  |  | (85,910 | )
Loss on extinguishment of debt | (82,005 | ) |  | — |  |  | — |  |  | — |  |  | (82,005 | )
Other income (expense), net | — |  |  | 1,422 |  |  | (811 | ) |  | — |  |  | 611 |
Loss before income taxes | (475,079 | ) |  | (306,884 | ) |  | (78,452 | ) |  | 333,585 |  |  | (526,830 | )
Income tax expense | 4,321 |  |  | — |  |  | 108 |  |  | — |  |  | 4,429 |
Net loss | (479,400 | ) |  | (306,884 | ) |  | (78,560 | ) |  | 333,585 |  |  | (531,259 | )
Less: net loss attributable to noncontrolling interest | — |  |  | — |  |  | — |  |  | (51,919 | ) |  | (51,919 | )
Net loss attributable to SandRidge Energy, Inc. | $ | (479,400 | ) |  | $ | (306,884 | ) |  | $ | (78,560 | ) |  | $ | 385,504 |  |  | $ | (479,340 | )
Unaudited Condensed Consolidating Statements of Cash Flows of SandRidge Energy, Inc. and Wholly Owned Subsidiary Guarantors and Non-Guarantors | Condensed Consolidating Statements of Cash Flows
| Parent |  | Guarantors |  | Non-Guarantors |  | Eliminations |  | Consolidated
| (In thousands)
Three Months Ended March 31, 2014 |  |  |  |  |  |  |  |  |
Net cash provided by (used in) operating activities | $ | 289,883 |  |  | $ | (262,831 | ) |  | $ | 65,742 |  |  | $ | (2,343 | ) |  | $ | 90,451 |
Cash flows from investing activities |  |  |  |  |  |  |  |  |
Capital expenditures for property, plant, and equipment | — |  |  | (331,016 | ) |  | — |  |  | — |  |  | (331,016 | )
Proceeds from sale of assets | — |  |  | 706,158 |  |  | — |  |  | 1,208 |  |  | 707,366 |
Other | — |  |  | 29,690 |  |  | (80 | ) |  | (31,962 | ) |  | (2,352 | )
Net cash provided by (used in) investing activities | — |  |  | 404,832 |  |  | (80 | ) |  | (30,754 | ) |  | 373,998 |
Cash flows from financing activities |  |  |  |  |  |  |  |  |
Other | 75,193 |  |  | (141,487 | ) |  | (66,271 | ) |  | 33,097 |  |  | (99,468 | )
Net cash provided by (used in) financing activities | 75,193 |  |  | (141,487 | ) |  | (66,271 | ) |  | 33,097 |  |  | (99,468 | )
Net increase (decrease) in cash and cash equivalents | 365,076 |  |  | 514 |  |  | (609 | ) |  | — |  |  | 364,981 |
Cash and cash equivalents at beginning of year | 805,505 |  |  | 1,013 |  |  | 8,145 |  |  | — |  |  | 814,663 |
Cash and cash equivalents at end of period | $ | 1,170,581 |  |  | $ | 1,527 |  |  | $ | 7,536 |  |  | $ | — |  |  | $ | 1,179,644 |
| Parent |  | Guarantors |  | Non-Guarantors |  | Eliminations |  | Consolidated
| (In thousands)
Three Months Ended March 31, 2013 (Revised) |  |  |  |  |  |  |  |
Net cash (used in) provided by operating activities | $ | (95,203 | ) |  | $ | 155,489 |  |  | $ | 57,994 |  |  | $ | 3,177 |  |  | $ | 121,457 |
Cash flows from investing activities |  |  |  |  |  |  |  |  |
Capital expenditures for property, plant, and equipment | — |  |  | (421,876 | ) |  | — |  |  | — |  |  | (421,876 | )
Proceeds from sale of assets | — |  |  | 2,559,371 |  |  | 3 |  |  | — |  |  | 2,559,374 |
Other | — |  |  | 16,947 |  |  | — |  |  | (21,995 | ) |  | (5,048 | )
Net cash provided by investing activities | — |  |  | 2,154,442 |  |  | 3 |  |  | (21,995 | ) |  | 2,132,450 |
Cash flows from financing activities |  |  |  |  |  |  |  |  |
Repayments of borrowings | (1,115,500 | ) |  | — |  |  | — |  |  | — |  |  | (1,115,500 | )
Premium on debt redemption | (61,997 | ) |  | — |  |  | — |  |  | — |  |  | (61,997 | )
Intercompany borrowings (advances), net | 2,287,259 |  |  | (2,297,970 | ) |  | 10,711 |  |  | — |  |  | — |
Other | (29,395 | ) |  | 3,208 |  |  | (70,074 | ) |  | 18,818 |  |  | (77,443 | )
Net cash provided by (used in) financing activities | 1,080,367 |  |  | (2,294,762 | ) |  | (59,363 | ) |  | 18,818 |  |  | (1,254,940 | )
Net increase (decrease) in cash and cash equivalents | 985,164 |  |  | 15,169 |  |  | (1,366 | ) |  | — |  |  | 998,967 |
Cash and cash equivalents at beginning of year | 300,228 |  |  | 922 |  |  | 8,616 |  |  | — |  |  | 309,766 |
Cash and cash equivalents at end of period | $ | 1,285,392 |  |  | $ | 16,091 |  |  | $ | 7,250 |  |  | $ | — |  |  | $ | 1,308,733 |

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