(Oil & Gas 360) – Publisher’s Note: SandRidge Energy will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown, August 17-19, 2026. Register to attend. (World Oil) – SandRidge Energy has signed a definitive agreement to acquire producing assets and leasehold interests in the Cherokee Play in the Mid-Continent region for $65 million, strengthening the company’s position in an area where it has been expanding since 2024.The acquisition includes approximately 3,000 boed of net production, about 43% of which is oil, along with roughly 7,000 net leasehold acres, interests in 21 producing wells and eight proved development locations. The assets directly offset SandRidge’s existing drilling and leasing program in the region and are expected to add development inventory while increasing the company’s liquids production.The transaction carries an effective date of May 1, 2026, with closing expected during the third quarter. SandRidge said it will fund the acquisition with cash on hand.“We’re excited to continue expanding our footprint in the Mid-Continent by bolstering our inventory with quality bolt-on production and acreage that directly offsets the area of our current drilling and leasing programs,” said Grayson Pranin, president and chief executive officer of SandRidge.Pranin said the company has delivered strong operational results since entering the Cherokee Play in 2024 and expects the acquisition to further enhance its position in the basin.Chairman Vince Intrieri described the transaction as SandRidge’s second major acquisition in the Cherokee Play, adding that the additional producing assets and drilling inventory will support the company’s long-term growth strategy.The Cherokee acquisition expands SandRidge’s operated footprint in the Mid-Continent and adds new oil-weighted production as the company continues to build scale through targeted bolt-on acquisitions.