XML 91 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Current assets    
Cash and cash equivalents $ 814,663us-gaap_CashAndCashEquivalentsAtCarryingValue $ 309,766us-gaap_CashAndCashEquivalentsAtCarryingValue
Accounts receivable, net 349,218us-gaap_AccountsReceivableNetCurrent 445,506us-gaap_AccountsReceivableNetCurrent
Derivative contracts 12,779us-gaap_DerivativeAssetsCurrent 71,022us-gaap_DerivativeAssetsCurrent
Costs in excess of billings 0us-gaap_CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear 11,229us-gaap_CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear
Prepaid expenses 39,253us-gaap_PrepaidExpenseCurrent 31,319us-gaap_PrepaidExpenseCurrent
Restricted deposit 0us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue 255,000us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue
Other current assets 25,910us-gaap_OtherAssetsCurrent 19,043us-gaap_OtherAssetsCurrent
Total current assets 1,241,823us-gaap_AssetsCurrent 1,142,885us-gaap_AssetsCurrent
Oil and natural gas properties, using full cost method of accounting    
Proved (includes development and project costs excluded from amortization of $45.6 million and $72.4 million at December 31, 2013 and 2012, respectively) 10,972,816us-gaap_CapitalizedCostsProvedProperties [1] 12,262,921us-gaap_CapitalizedCostsProvedProperties [1]
Unproved 531,606us-gaap_CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative 865,863us-gaap_CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative
Less: accumulated depreciation, depletion and impairment (5,762,969)us-gaap_CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities (5,231,182)us-gaap_CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities
Net oil and natural gas properties capitalized costs 5,741,453us-gaap_OilAndGasPropertyFullCostMethodNet 7,897,602us-gaap_OilAndGasPropertyFullCostMethodNet
Other property, plant and equipment, net 566,222us-gaap_PropertyPlantAndEquipmentNet 582,375us-gaap_PropertyPlantAndEquipmentNet
Derivative contracts 14,126us-gaap_DerivativeAssetsNoncurrent 23,617us-gaap_DerivativeAssetsNoncurrent
Other assets 121,171us-gaap_OtherAssetsNoncurrent 144,252us-gaap_OtherAssetsNoncurrent
Total assets 7,684,795us-gaap_Assets 9,790,731us-gaap_Assets
Current liabilities    
Accounts payable and accrued expenses 812,488us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent 782,090us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent [2]
Derivative contracts 34,267us-gaap_DerivativeLiabilitiesCurrent 14,860us-gaap_DerivativeLiabilitiesCurrent
Asset retirement obligations 87,063us-gaap_AssetRetirementObligationCurrent 118,504us-gaap_AssetRetirementObligationCurrent
Deposit on pending sale 0us-gaap_DepositLiabilityCurrent 255,000us-gaap_DepositLiabilityCurrent
Total current liabilities 933,818us-gaap_LiabilitiesCurrent 1,170,454us-gaap_LiabilitiesCurrent
Long-term debt 3,194,907us-gaap_LongTermDebtNoncurrent 4,301,083us-gaap_LongTermDebtNoncurrent
Derivative contracts 20,564us-gaap_DerivativeLiabilitiesNoncurrent 59,787us-gaap_DerivativeLiabilitiesNoncurrent
Asset retirement obligations 337,054us-gaap_AssetRetirementObligationsNoncurrent 379,906us-gaap_AssetRetirementObligationsNoncurrent
Other long-term obligations 22,825us-gaap_OtherLiabilitiesNoncurrent 17,046us-gaap_OtherLiabilitiesNoncurrent
Total liabilities 4,509,168us-gaap_Liabilities 5,928,276us-gaap_Liabilities
Commitments and contingencies (Note 16)      
Preferred stock, $0.001 par value, 50,000 shares authorized    
Common stock, $0.001 par value, 800,000 shares authorized; 491,609 issued and 490,290 outstanding at December 31, 2013 and 491,578 issued and 490,359 outstanding at December 31, 2012 483us-gaap_CommonStockValue 476us-gaap_CommonStockValue
Additional paid-in capital 5,298,301us-gaap_AdditionalPaidInCapital 5,233,019us-gaap_AdditionalPaidInCapital
Additional paid-in capital—stockholder receivable (3,750)sd_AdditionalPaidInCapitalStockholderReceivable (5,000)sd_AdditionalPaidInCapitalStockholderReceivable
Treasury stock, at cost (8,770)us-gaap_TreasuryStockValue (8,602)us-gaap_TreasuryStockValue
Accumulated deficit (3,460,462)us-gaap_RetainedEarningsAccumulatedDeficit (2,851,048)us-gaap_RetainedEarningsAccumulatedDeficit
Total SandRidge Energy, Inc. stockholders’ equity 1,825,810us-gaap_StockholdersEquity 2,368,853us-gaap_StockholdersEquity
Noncontrolling interest 1,349,817us-gaap_MinorityInterest 1,493,602us-gaap_MinorityInterest
Total equity 3,175,627us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 3,862,455us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Total liabilities and equity 7,684,795us-gaap_LiabilitiesAndStockholdersEquity 9,790,731us-gaap_LiabilitiesAndStockholdersEquity
8.5% Convertible perpetual preferred stock; 2,650 shares issued and outstanding at December 31, 2013 and 2012; aggregate liquidation preference of $265,000    
Preferred stock, $0.001 par value, 50,000 shares authorized    
Preferred stock 3us-gaap_PreferredStockValue
/ us-gaap_StatementClassOfStockAxis
= sd_ConvertibleEightPointFivePercentPerpetualPreferredStockMember		 3us-gaap_PreferredStockValue
/ us-gaap_StatementClassOfStockAxis
= sd_ConvertibleEightPointFivePercentPerpetualPreferredStockMember
6.0% Convertible perpetual preferred stock; 2,000 shares issued and outstanding at December 31, 2013 and 2012; aggregate liquidation preference of $200,000    
Preferred stock, $0.001 par value, 50,000 shares authorized    
Preferred stock 2us-gaap_PreferredStockValue
/ us-gaap_StatementClassOfStockAxis
= sd_ConvertibleSixPercentPerpetualPreferredStockMember		 2us-gaap_PreferredStockValue
/ us-gaap_StatementClassOfStockAxis
= sd_ConvertibleSixPercentPerpetualPreferredStockMember
7.0% Convertible perpetual preferred stock; 3,000 shares issued and outstanding at December 31, 2013 and 2012; aggregate liquidation preference of $300,000    
Preferred stock, $0.001 par value, 50,000 shares authorized    
Preferred stock $ 3us-gaap_PreferredStockValue
/ us-gaap_StatementClassOfStockAxis
= sd_ConvertibleSevenPercentPerpetualPreferredStockMember		 $ 3us-gaap_PreferredStockValue
/ us-gaap_StatementClassOfStockAxis
= sd_ConvertibleSevenPercentPerpetualPreferredStockMember
[1] Includes cumulative capitalized interest of approximately $23.4 million and $11.7 million at December 31, 2013 and 2012, respectively.
[2] Guarantor and consolidated accounts payable and accrued expenses include $15.5 million previously classified as other current liabilities. See Note 2.