XML 58 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Current assets    
Cash and cash equivalents $ 1,179,644us-gaap_CashAndCashEquivalentsAtCarryingValue $ 814,663us-gaap_CashAndCashEquivalentsAtCarryingValue
Accounts receivable, net 293,765us-gaap_AccountsReceivableNetCurrent 349,218us-gaap_AccountsReceivableNetCurrent
Derivative contracts 9,002us-gaap_DerivativeAssetsCurrent 12,779us-gaap_DerivativeAssetsCurrent
Prepaid expenses 13,567us-gaap_PrepaidExpenseCurrent 39,253us-gaap_PrepaidExpenseCurrent
Other current assets 29,967us-gaap_OtherAssetsCurrent 25,910us-gaap_OtherAssetsCurrent
Total current assets 1,525,945us-gaap_AssetsCurrent 1,241,823us-gaap_AssetsCurrent
Oil and natural gas properties, using full cost method of accounting    
Proved 10,443,534us-gaap_CapitalizedCostsProvedProperties [1] 10,972,816us-gaap_CapitalizedCostsProvedProperties [1]
Unproved 292,459us-gaap_CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative 531,606us-gaap_CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative
Less: accumulated depreciation, depletion and impairment (6,043,109)us-gaap_CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities (5,762,969)us-gaap_CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities
Net oil and natural gas properties capitalized costs 4,692,884us-gaap_OilAndGasPropertyFullCostMethodNet 5,741,453us-gaap_OilAndGasPropertyFullCostMethodNet
Other property, plant and equipment, net 559,342us-gaap_PropertyPlantAndEquipmentNet 566,222us-gaap_PropertyPlantAndEquipmentNet
Derivative contracts 18,048us-gaap_DerivativeAssetsNoncurrent 14,126us-gaap_DerivativeAssetsNoncurrent
Other assets 82,038us-gaap_OtherAssetsNoncurrent 121,171us-gaap_OtherAssetsNoncurrent
Total assets 6,878,257us-gaap_Assets 7,684,795us-gaap_Assets
Current liabilities    
Accounts payable and accrued expenses 590,085us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent [2] 812,488us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent
Derivative contracts 14,175us-gaap_DerivativeLiabilitiesCurrent 34,267us-gaap_DerivativeLiabilitiesCurrent
Asset retirement obligations 0us-gaap_AssetRetirementObligationCurrent 87,063us-gaap_AssetRetirementObligationCurrent
Other current liabilities 16,467us-gaap_OtherLiabilitiesCurrent 0us-gaap_OtherLiabilitiesCurrent
Total current liabilities 620,727us-gaap_LiabilitiesCurrent 933,818us-gaap_LiabilitiesCurrent
Long-term debt 3,195,036us-gaap_LongTermDebtNoncurrent 3,194,907us-gaap_LongTermDebtNoncurrent
Derivative contracts 0us-gaap_DerivativeLiabilitiesNoncurrent 20,564us-gaap_DerivativeLiabilitiesNoncurrent
Asset retirement obligations 53,103us-gaap_AssetRetirementObligationsNoncurrent 337,054us-gaap_AssetRetirementObligationsNoncurrent
Other long-term obligations 20,173us-gaap_OtherLiabilitiesNoncurrent 22,825us-gaap_OtherLiabilitiesNoncurrent
Total liabilities 3,889,039us-gaap_Liabilities 4,509,168us-gaap_Liabilities
Commitments and contingencies (Note 11)      
Preferred stock, $0.001 par value, 50,000 shares authorized    
Common stock, $0.001 par value, 800,000 shares authorized; 495,719 issued and 494,651 outstanding at March 31, 2014 and 491,609 issued and 490,290 outstanding at December 31, 2013 485us-gaap_CommonStockValue 483us-gaap_CommonStockValue
Additional paid-in capital 5,302,051us-gaap_AdditionalPaidInCapital 5,298,301us-gaap_AdditionalPaidInCapital
Additional paid-in capital—stockholder receivable (3,750)sd_AdditionalPaidInCapitalStockholderReceivable (3,750)sd_AdditionalPaidInCapitalStockholderReceivable
Treasury stock, at cost (6,898)us-gaap_TreasuryStockValue (8,770)us-gaap_TreasuryStockValue
Accumulated deficit (3,610,679)us-gaap_RetainedEarningsAccumulatedDeficit (3,460,462)us-gaap_RetainedEarningsAccumulatedDeficit
Total SandRidge Energy, Inc. stockholders’ equity 1,681,217us-gaap_StockholdersEquity 1,825,810us-gaap_StockholdersEquity
Noncontrolling interest 1,308,001us-gaap_MinorityInterest 1,349,817us-gaap_MinorityInterest
Total equity 2,989,218us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 3,175,627us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Total liabilities and equity 6,878,257us-gaap_LiabilitiesAndStockholdersEquity 7,684,795us-gaap_LiabilitiesAndStockholdersEquity
8.5% Convertible perpetual preferred stock; 2,650 shares issued and outstanding at March 31, 2014 and December 31, 2013; 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 March 31, 2014 and December 31, 2013; 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 March 31, 2014 and December 31, 2013; 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 $25.9 million and $23.4 million at March 31, 2014 and December 31, 2013, respectively.
[2] Guarantor and Consolidated accounts payable and accrued expenses have been restated to reflect accrual of the CO2 delivery shortfall penalty. See Note 2.