XML 62 R57.htm IDEA: XBRL DOCUMENT v2.4.1.9
Acquisitions and Divestitures - Dynamic Acquisition - Final Valuation of Assets Acquired and Liabilities Assumed (Additional Information) (Details) (USD $)
In Thousands, except Per Share data, unless otherwise specified
 12 Months Ended 0 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Apr. 17, 2012
Apr. 30, 2012
Business Acquisition [Line Items]          
Face amount of Senior Notes issued $ 0us-gaap_ProceedsFromIssuanceOfLongTermDebt $ 0us-gaap_ProceedsFromIssuanceOfLongTermDebt $ 1,850,344us-gaap_ProceedsFromIssuanceOfLongTermDebt    
Dynamic Acquisition          
Business Acquisition [Line Items]          
Issuance of common stock in acquisition (in shares)       73,962us-gaap_BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued
/ us-gaap_BusinessAcquisitionAxis
= sd_DynamicAcquisitionMember		 [1]  
Cash consideration       680,000us-gaap_PaymentsToAcquireBusinessesGross
/ us-gaap_BusinessAcquisitionAxis
= sd_DynamicAcquisitionMember		 [1],[2]  
SandRidge common stock price (in dollars per share)       $ 7.33us-gaap_BusinessAcquisitionSharePrice
/ us-gaap_BusinessAcquisitionAxis
= sd_DynamicAcquisitionMember		 [1]  
Cash balance adjustment       13,091sd_BusinessAcquisitionAcquiredEntityCashBalanceAdjustment
/ us-gaap_BusinessAcquisitionAxis
= sd_DynamicAcquisitionMember		 [1],[3]  
Commodity prices period valuation before escalation       4 years  
Annual escalation factor for forward commodity strip prices beginning the fifth year through end of production       2.00%sd_AnnualEscalationFactorForForwardCommodityStripPrices
/ us-gaap_BusinessAcquisitionAxis
= sd_DynamicAcquisitionMember		  
Oil | Dynamic Acquisition          
Business Acquisition [Line Items]          
Commodity average price (in dollars per bbl for oil/dollars per mcf for natural gas)       113.62sd_CommodityAveragePrice
/ us-gaap_AverageSalesPriceAndProductionCostsPerUnitOfProductionProductionTypeAxis
= us-gaap_CrudeOilMember
/ us-gaap_BusinessAcquisitionAxis
= sd_DynamicAcquisitionMember		  
Natural Gas Reserves | Dynamic Acquisition          
Business Acquisition [Line Items]          
Commodity average price (in dollars per bbl for oil/dollars per mcf for natural gas)       3.83sd_CommodityAveragePrice
/ us-gaap_AverageSalesPriceAndProductionCostsPerUnitOfProductionProductionTypeAxis
= us-gaap_NaturalGasReservesMember
/ us-gaap_BusinessAcquisitionAxis
= sd_DynamicAcquisitionMember		  
8.125% Senior Notes due 2022          
Business Acquisition [Line Items]          
Long-term debt, fixed interest rate 8.125%us-gaap_LongTermDebtPercentageBearingFixedInterestRate
/ us-gaap_DebtInstrumentAxis
= sd_SeniorNotesEightPointOneTwoFivePercentDue2022Member		 8.125%us-gaap_LongTermDebtPercentageBearingFixedInterestRate
/ us-gaap_DebtInstrumentAxis
= sd_SeniorNotesEightPointOneTwoFivePercentDue2022Member		     8.125%us-gaap_LongTermDebtPercentageBearingFixedInterestRate
/ us-gaap_DebtInstrumentAxis
= sd_SeniorNotesEightPointOneTwoFivePercentDue2022Member
8.125% Senior Notes due 2022 | Dynamic Acquisition          
Business Acquisition [Line Items]          
Face amount of Senior Notes issued       $ 750,000us-gaap_ProceedsFromIssuanceOfLongTermDebt
/ us-gaap_BusinessAcquisitionAxis
= sd_DynamicAcquisitionMember
/ us-gaap_DebtInstrumentAxis
= sd_SeniorNotesEightPointOneTwoFivePercentDue2022Member		  
Long-term debt, fixed interest rate       8.125%us-gaap_LongTermDebtPercentageBearingFixedInterestRate
/ us-gaap_BusinessAcquisitionAxis
= sd_DynamicAcquisitionMember
/ us-gaap_DebtInstrumentAxis
= sd_SeniorNotesEightPointOneTwoFivePercentDue2022Member		  
[1] Consideration paid by the Company consisted of 74 million shares of SandRidge common stock and cash of approximately $680.0 million. The value of the stock consideration is based upon the closing price of $7.33 per share of SandRidge common stock on April 17, 2012, which was the closing date of the Dynamic Acquisition. Under the acquisition method of accounting, the purchase price is determined based on the total cash paid and the fair value of SandRidge common stock issued on the acquisition date.
[2] Cash consideration paid, including amounts paid to retire Dynamic’s long-term debt, was funded through a portion of the net proceeds from the Company’s issuance of $750.0 million of unsecured 8.125% Senior Notes due 2022.
[3] In accordance with the acquisition agreement, the Company remitted to the seller a cash payment equal to Dynamic’s average daily cash balance for the 30-day period ending on the second day prior to closing. This resulted in an additional cash payment by the Company of $13.1 million at closing.